In this week's episode, Paige Estritori from Financial Services Online shares an update on a recent ruling by the Australian Financial Complaints Authority (AFCA) against the banking and insurance giant, Suncorp. The company was ordered to pay over $155,000 to homeowners for damage caused by a burst flexi-pipe. This case underscores the importance of unbiased assessments in insurance claims. Then, the podcast delves into the inaugural National Climate Risk Assessment released by the government, highlighting increased climate change threats and its impact on the insurance industry. The government plans to address the challenges with a net-zero emissions target by 2050, increased support for the cyclone reinsurance pool, and $1 billion investment in the Disaster Ready Fund.

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