Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Asic category. Published on August 30, 2026 • Originally reported by Luca Ittimani. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Asic category. Published on August 30, 2026 • Originally reported by Luca Ittimani. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Corporate regulator finds insurers settling most claims with cash rather than by managing repairs or rebuilding, warning of ‘unfair outcomes’ for homeowners
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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.
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