As part of an investigation into how insurers are responding to climate change, claims and complaints related to severe weather insurance are being closely examined. The economic regulator has announced that it will take action against companies that display misconduct, targeting “harmful” insurance policies, particularly unsuitable life insurance products.
NDIS Minister Bill Shorten has reached an agreement with Australia's premiers to support controversial legislation to begin overhauling the troubled system.
A Hyundai owner has filed a lawsuit against both the Korean brand and Kia because the two companies allegedly shared driving data with insurance providers.
A Senate inquiry on Friday will find that insurers are not doing enough to support cyclone-hit regions in north Queensland, while climate change is exacerbating the impact of natural disasters. Property owners in Queensland's cyclone region are paying up to 12 times more in insurance premiums than those near the southern border, according to a … Read more