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INsight podcast: discount rate failings, animal items and law reform – Insurance News

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Regulatory action on animal insurance coverage and a substantial Federal Court charge enforced due to pricing guarantee failings were amongst subjects talked about on the latest episode of the Insurance News podcast.

As formerly reported, the court fined IAG $40 million plus expenses for not providing guaranteed discount rates, with the Australian Securities and Investments Commission (ASIC) stating the charge is the biggest enforced by a court versus an insurance company for breaches of monetary services customer security laws.

ASIC likewise quickly enforced interim stop orders over target audience decisions for animal insurance coverage items released by Hollard and its underwriting firm PetSure. Concerns were rapidly dealt with and the order lifted.

This week’s edition of INsight, hosted by Insurance News MD Andrew Silcox, includes the observations of Chairman Terry McMullan, Deputy Editor Wendy Pugh and Senior Journalists Bernice Han and Miranda Maxwell.

Insurtech financial investment levels, more insurance companies signing up with the cyclone reinsurance swimming pool and the mid-year reinsurance renewals were likewise talked about.

You can discover previous episodes of INsight released here.

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Pet News 2Dayhttps://petnews2day.com
About the editor Hey there! I'm proud to be the editor of Pet News 2Day. With a lifetime of experience and a genuine love for animals, I bring a wealth of knowledge and passion to my role. Experience and Expertise Animals have always been a central part of my life. I'm not only the owner of a top-notch dog grooming business in, but I also have a diverse and happy family of my own. We have five adorable dogs, six charming cats, a wise old tortoise, four adorable guinea pigs, two bouncy rabbits, and even a lively flock of chickens. Needless to say, my home is a haven for animal love! Credibility What sets me apart as a credible editor is my hands-on experience and dedication. Through running my grooming business, I've developed a deep understanding of various dog breeds and their needs. I take pride in delivering exceptional grooming services and ensuring each furry client feels comfortable and cared for. Commitment to Animal Welfare But my passion extends beyond my business. Fostering dogs until they find their forever homes is something I'm truly committed to. It's an incredibly rewarding experience, knowing that I'm making a difference in their lives. Additionally, I've volunteered at animal rescue centers across the globe, helping animals in need and gaining a global perspective on animal welfare. Trusted Source I believe that my diverse experiences, from running a successful grooming business to fostering and volunteering, make me a credible editor in the field of pet journalism. I strive to provide accurate and informative content, sharing insights into pet ownership, behavior, and care. My genuine love for animals drives me to be a trusted source for pet-related information, and I'm honored to share my knowledge and passion with readers like you.
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