In the recent episode of Financial Services Online's "Weekly Insurance News Wrap", Paige Estritori covers key insurance industry news as of September 19, 2024. A landmark federal government decision bans considering genetic test outcomes in life insurance underwriting, marking significant progress against genetic discrimination. However, the Actuaries Institute notes a concerning trend of rising home insurance premiums in Australia, driven primarily by climate change. Over 1.6 million families see a 30% increase within a year, raising concerns as costs outpace wage growth. Meanwhile, Swiss Re highlights a positive note, reporting $2.1bn net income in 1H 2024, exceeding expectations due to a downturn in catastrophe claims and robust investment returns. The episode concludes emphasizing the importance of personal and business insurance awareness.

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