Thu, 10th Oct 2024

10/10/2024

Listen "Thu, 10th Oct 2024"

Episode Synopsis

In this week's Insurance News Wrap, Paige Estritori shares insights on 360 Underwriting Solutions' innovative new product, '360 School Fee Protect.' Backed by Lloyds Syndicate 4444 and Canopius Managing Agents, it offers financial resilience to schools against unpaid fees caused by unforeseen events like job loss, accidental death, or disability. Next, the resolution of a complex travel insurance dispute is discussed in which a claimant received $6,300 for stolen luxury items after the Australian Financial Complaints Authority refuted the initial denial by HDI Global Specialty citing the need for transparent insurance terms. The podcast concludes with a call for greater transparency in insurance broker remunerations for small businesses. The Insurance Brokers Code Compliance Committee rallies for norms that exceed legal obligations in the upcoming code reviews, aiming for a balance that maintains small business trust.