In this week's podcast, Paige Estritori discusses the recent aged care reforms in Australia and their impact on long-tail liability insurance. Experts advise care providers to modify their insurance policies to absorb the potential increase in claims. These new regulations ramp up scrutiny, make care providers accountable for third-party services, and place direct responsibility on directors for service quality. The podcast also covers a lawsuit against RACQ Insurance by ASIC over allegations of misleading premium comparisons, potentially leading to stricter disclosure regulations. Lastly, Estritori highlights a significant AFCA ruling requiring Suncorp to compensate homeowners suffering home damage due to a burst hose, setting a precedent for future plumbing-related insurance claims. Listeners are reminded to stay updated about insurance options and industry updates.

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