Insurance News Wrap
This week on Financial Services Online's podcast with Paige Estritori, important updates in Australia's national insurance landscape are discussed. The Heavy Vehicle National Law is seeing major changes, placing emphasis on safety, driver fitness, and risk management. Evidence-based policies and insurance are more tightly linked now and proactive risk management is key. The Victorian government is examining strata insurance commissions as part of their reform, pushing for transparency in insurance costs, encouraging owners to demand detailed insurance data and compare quotes actively. Changes in the General Insurance Code of Practice bring improved policies for tradespeople, including clarity in claims and dispute resolutions. The call to action for listeners is to constantly review their insurance policies and seek professional advice if needed.
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