@thetruism · 18d ago
Regulator warns insurers over unfair cash settlements for home repairs
The Australian Securities and Investments Commission has warned insurance companies against pushing vulnerable homeowners into unfair cash settlements following natural disasters.
No further material developments are expected.
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Australia
Regulator warns insurers over unfair cash settlements for home repairs
- ASIC warned that home insurance cash settlements are leaving vulnerable Australians short-changed.
- The regulator's warning follows an in-depth review into how insurers handle claims after major natural disasters.
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- Which specific insurance companies were found to have the most problematic cash settlement practices.
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