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The Government has introduced a bill to Parliament aimed at preventing insurers from unreasonably declining claims. It’s worried that currently, insurers can. ....
The sector will work closely with the Government and regulators to ensure that the Bill and other regulatory reforms that the industry is facing are done in a co-ordinated way that benefit both consumers and the industry as whole. ....
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Recent extreme weather events showed the importance of a well-functioning insurance system, says Commerce and Consumer Affairs minister Andrew Bayly. ....