In this episode of the Weekly Insurance News Wrap, we discuss key insurance developments in Australia. ASIC is in a legal dispute with Hollard Insurance over delayed claim settlements which resulted in $1.5 million damages. Suncorp is reportedly reducing its workforce and offshoring roles to increase efficiency, sparking concerns from the Finance Sector Union. The Australian Financial Complaints Authority (AFCA) reaffirms the importance of honesty in insurance declarations, highlighting a case where a trucking firm had provided misleading information to their insurer. Lastly, Gow-Gates has extended its partnership with Football New South Wales for two more years, offering comprehensive coverage to the football community. Stay updated with Financial Services Online for more insurance news.

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