Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says
3 sources·Updated August 30, 2026
Asic insurance claims
Covered by 3 sources
- ABC News AU·4d agoOwners warned about accepting cash settlements on house insurance claims
The corporate watchdog warns that insurers are offering cash settlements for home insurance claims that do not cover the full cost of work needed.
Read at ABC News AU → - The West Lifestyle·4d agoHome insurers use dodgy builder discounts for payouts leaving storm victims thousands short, ASIC finds
ASIC found cash settlements in almost two-thirds of reviewed claims, with one offer raised only after a builder revealed its quote was 40 per cent below cost
Read at The West Lifestyle → - Guardian World·4d agoCash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says
Corporate regulator finds insurers settling most claims with cash rather than by managing repairs or rebuilding, warning of ‘unfair outcomes’ for homeowners Get our breaking news email, free app or daily news podcast Home insurers are overwhelmingly paying cash to settle claims,…
Read at Guardian World →
