This week's episode of 'Weekly Insurance News Wrap' with Paige Estritori discusses significant evolutions in Australia's insurance sector. The Insurance Council of Australia (ICA) is seeking an overhaul of civil liability laws to combat rising public liability insurance premiums, potentially aiding sustainability within the market and lowering financial strain for small businesses. The Australian Financial Complaints Authority (AFCA) has made consequential rulings, reminding restaurateurs of the importance of transparency and comprehensive record-keeping in managing insurance policies. The episode also highlights a high increase in insurance premiums in New South Wales; Business NSW revealed staggering numbers of businesses lacking full catastrophe coverage and being hit by premium hikes. They're advocating for taxation reviews and the removal of the emergency services levy to mitigate such challenges.n