This week's episode of Financial Services Online with Paige Estritori covered recent developments in the insurance industry. An important ruling by the Australian Financial Complaints Authority highlighted the necessity of transparency and full disclosure in insurance claim disputes, following an initially denied arson claim. Insurance Australia Group reported a remarkable 91% increase in net profit for half of the fiscal year, with a warning of gradually increasing insurance premiums. AFCA's annual review outlined the need for insurers to clarify premium increases and improve communication, following a 17% rise in general insurance complaints. Also covered in the episode was life insurer TAL's significant payouts, totalling $4.7 billion over the past year, emphasising the essential financial support insurers provide during difficult times. For more insights, tune in to the weekly episode of Financial Services Online.

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