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 homeowners Home insurers are overwhelmingly paying cash to settle claims, leaving Australians to foot blowouts in repair costs for their cyclone-damaged homes. The corporate regulator is calling for “realistic” bigger payouts, warning the practice could cause “unfair outcomes” for people already in vulnerable positions.
The Guardian
Published by CurrentWire · First coverage
Compiled by CurrentWire News Desk
Summary based on reporting from The Guardian.
In this story
Automated coverage analysis
Generated automatically from the coverage listed on this page. CurrentWire adds no editorial claims.
Coverage
1 publication is covering this story.
How CurrentWire compiled this story
The Guardian (www.theguardian.com), a Tier B publisher, filed this report on . CurrentWire published this page 24 minutes later, on .
Signal breakdown
CurrentWire ranked this story 63 of 100 in the snapshot this page was rendered from.
- Freshness
- 33.5 of 35
- Source authority
- 14 of 20
- Coverage breadth
- 4 of 20
- Geographic relevance
- 3.5 of 10
- Story prominence
- 8 of 10
- Velocity
- 0 of 5
Strongest signal: freshness, 33.5 of 35. How each signal is calculated.
Filed under World · International · News.
CurrentWire is a news discovery platform. This page summarizes and links to original reporting; full articles, imagery and copyright remain with the publishers listed above.