This podcast from Financial Services Online, hosted by Paige Estritori, covers weekly updates from the insurance industry. The episode focuses on a recent Senate inquiry into climate risk and its impacts on insurance costs, with the insurance sector forced to consider better risk assessment due to uneven disaster preparedness regulations and rising insurance premiums. Existing issues are making the balancing act between premiums and the increasing scale of natural hazards more complicated. Coverage also touches on an ongoing legal dispute over inflated car hire costs after a car accident, an indication of complexities in the insurance landscape. Finally, the podcast delves into the advancements in the life insurance sector, particularly the fusion of AI and neuroscience, which is set to transform risk prediction, fraud detection, and customer targeting.n

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