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Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says

The Guardian World Sunday 30 August 2026, 15:01 UTC By Luca Ittimani 1 min read
Key Points

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...

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.

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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Australians (ORG) Asic (ORG) Corporate (ORG)
Originally published by The Guardian World Read original →

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