obÌåÓý letter to general insurers about severe weather events
7 November 2022
obÌåÓý has written to general insurers about insurance claims and severe weather events.Ìý
The letter outlines:Ìý
- obÌåÓý’s expectations of general insurersâ€� obligations to act efficiently, honestly and fairly in handling and settling claims;Ìý
- More specifically obÌåÓý’s expectations that insurers be prepared, proactive, transparent, consumer-centric, and responsive in meeting their general obligations as Australian Financial Services (AFS) licensees in claims handling; andÌý
- Preliminary observations from obÌåÓý’s project looking at the consumer experience in home insurance claims.Ìý