Mon, 25th May 2026

This podcast update covers several important insurance news items in Australia. HESTA, a prominent Australian superannuation fund, has announced a significant decrease in insurance fees, offering an average reduction of 12% that will particularly benefit those in the trades sector. The podcast also mentions forthcoming plans to improve coverage during pregnancy, facilitate insurance waivers during parental leave, and streamline applications for increased coverage. Furthermore, Queensland Law Society (QLS) has confirmed a 15% reduction in professional indemnity insurance levies for the period of 2026/27, owing to the steady performance of their insurance scheme with Lexon Insurance. Finally, the strata insurance sector sees innovation with the launch of Cohabit's new digital platform, which aids in the comparison and assessment of tailored insurance options for strata schemes through an expansive database of over 50,000 Australian buildings.