# Cash settlements on home insurance claims leave vulnerable Australians short-changed, regulator says

https://mins.news/en/item/37671

- The Guardian, 2026-08-30 15:01 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/aug/31/cash-settlements-home-insurance-cyclone-disaster-repairs-vulnerable-australians-asic

> 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.