EconomyCash settlements on home insurance claims leave vulnerable Australians short-changed, regulator says
Australia’s corporate regulator says insurers used cash settlements for more than 63% of final home-building claims reviewed after Cyclone Jasper. It warned that offers based on a single, often discounted quote can leave vulnerable homeowners finding tradespeople, managing repairs and paying unexpected shortfalls themselves.
TThe Guardian★★★☆☆2026-08-30 15:01Original
Cash settlements on home insurance claims leave vulnerable Australians short-changed, regulator says
Economy