This edition of Weekly Insurance News Wrap with Paige Estritori brings noteworthy updates from the Australian insurance industry. The Australian Financial Complaints Authority (AFCA) demanded RACQ Insurance augment a payout after mishandling a house fire claim. The Australian Securities and Investments Commission warned of significant inadequacies in life insurance sales practices, urging improvements in customer protections and satisfaction. AFCA also arbitrated a dispute over a $2000 excess on an IAG enacted property policy, underlining the need for vigilant renewals review. Finally, AFCA's ruling on a personal dispute between a man and his ex-wife highlights the importance of undisputed communication in shared-asset insurance policies. Stay informed about insurance news and trends with Weekly Insurance News Wrap.

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