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Home insurance settlements criticized for short-changing Australians

Updated 2026-08-30 15:25 UTC 1 source Negative

The Australian Securities and Investments Commission (ASIC) has warned that cash settlements on home insurance claims are leaving many homeowners short-changed. Insurers are accused of not properly managing repairs or rebuilding.

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The Guardian

Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says

Corporate regulator finds insurers settling most claims with cash rather than by managing repairs or rebuilding, warning of ‘unfair outcomes’ for homeownersGet our breaking news email, <a href="https://app.adj

2026-08-30 15:01 UTC