The Weekly Insurance News Wrap, hosted by Paige Estritori, highlights key recent developments in the Australian insurance industry. Topics include the Australian Securities and Investments Commission's (ASIC) warning about a sales-focused approach in direct life insurance sales, despite a compliance-oriented shift. The podcast stresses ASIC's advocacy for a consumer-oriented approach that emphasises feedback over sales data. It also discusses appeals from life insurers and mental health advocates for the federal government's immediate action on the billion-dollar mental health funding commitment. The conversation sheds light on the Insurance Council of Australia's support for Victoria's resilient homes scheme. Lastly, a case is highlighted reminding brokers of their responsibilities after an insurance broker was ordered to compensate a client nearly $300,000 for a denied fire claim due to non-disclosure of asbestos.

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