The proposed code would introduce contractually enforceable obligations, automatic acceptance of certain claims after 12 months, and expanded protections for vulnerable customers.
The Insurance Council of Australia says insurance customers are projected to contribute more through the Emergency Services Levy than previously forecast, as consultation on reform continues.
The court found that HCF Life's pre-existing condition clauses did not create a significant imbalance, while leaving intact the earlier finding that the terms could mislead consumers.
The region added a record 513.3 GW last year, but supply-chain disruption, climate volatility and China's subsidy changes are reshaping how those projects get insured.
