Fri, 29th May 2026
from Insurance News Wrap Hosted by Paige Estritori
In this episode, Paige Estritori discusses the key insurance sector updates of the week. Firstly, industry leaders have held a roundtable to discuss the sustainability challenges within Australia's Total and Permanent Disability insurance market amid increasing mental health claims and evolving employment patterns. Secondly, Australian superannuation fund, HESTA, has pledged a 12% average cut in insurance fees effective July 1, 2026. They also aim to enhance insurance protections during pregnancy, ease insurance fee waivers during parental leave, and streamline applications for increased coverage. Lastly, the Queensland Law Society has announced a 15% reduction in professional indemnity insurance levies for 2026/27, introducing additional innovations such as a 'No Claims Discount'. Listeners are reminded to speak with their insurance providers or trusted financial advisors to fully understand these changes.
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