All content for Financial Services News Wrap is the property of Paige Estritori and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
In this episode of Financial Services Online podcast, Paige Estritori discusses key updates on Australia's financial landscape. The highlights include a crucial ruling from AFCA that orders QBE Insurance to honour a restaurant's arson claim, despite initial nondisclosure of the director's criminal history. Next, Insurance Australia Group (IAG) announces a significant 91% upsurge in net profits, hinting at a gradual increase in insurance premiums. The Reserve Bank of Australia is vigilant on inflation trends and considering additional rate cuts. Lastly, the podcast discusses updates to the First Home Guarantee scheme, making it easier for first-time homebuyers to purchase homes with just a 5% deposit, yet possibly raising housing demand and prices due to increased buyer interest.n
