INsight podcast: the true cost of catastrophes
A pair of Insurance Council of Australia (ICA) reports on natural catastrophes are the main talking point on the latest Insurance News podcast.
As previously reported, the ICA's Insurance Catastrophe Resilience Report summarises the impact of natural catastrophes over the past financial year, and The Cost of Extreme Weather report, commissioned from think tank the McKell Institute, breaks down the cost of paying for catastrophe recovery per household.
This week’s edition of INsight, hosted by Insurance News MD Andrew Silcox, features the observations of Chairman Terry McMullan, Managing Editor John Deex, and Deputy Editor Wendy Pugh.
Also discussed are the rising number of flood complaints to AFCA, the Monte Carlo Rendez-Vous de Septembre and the reinsurance issues at play, plus the concept of vehicles filing claims without the knowledge of their owners.
You can find previous episodes of INsight published here.