Key Takeaway
Corporate regulator finds insurers settling most claims with cash rather than by managing repairs or rebuilding, warning of ‘unfair outcomes’ for homeownersGet our breaking news email, free app or daily news podcastHome 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…
Published August 30, 2026 · Category: News
Overview
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.
Details
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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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says" about?+
Corporate regulator finds insurers settling most claims with cash rather than by managing repairs or rebuilding, warning of ‘unfair outcomes’ for homeownersGet our breaking news email, free app or daily news podcastHome 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
Who reported this story?+
This story was reported by The Guardian World.