In this episode of Weekly Insurance News Wrap, we cover important updates from the Australian insurance industry. In New South Wales, a review of the Compulsory Third Party insurance and lifetime care schemes is underway. The Australian Financial Complaints Authority upheld a flood cover premium increase by Allianz amid a dispute with a homeowner. Marsh Australia reports a significant rise in group life insurance premiums, with cancer and mental health the main claims drivers. Lastly, we discuss concerns over stalled updates to the National Construction Code, with the Insurance Council of Australia worried about potential safety compromises as the government fast-tracks housing approvals. Stay informed about these and more updates on our website at financialservicesonline.com.au.

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