Sun, 23rd Nov 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 23rd Nov 2025" was published on November 22, 2025.

November 22, 2025 · Insurance News Wrap

0:00 / 0:00

Summary

In this podcast episode of the Financial Services Online Weekly Insurance News Wrap, new reforms implemented by the New South Wales Government will bolster strata community governance. This change will yield enhanced transparency, accountability, and financial management in strata schemes. On the insurance front, despite market turbulence, strata insurance premiums saw a modest rise of 2.8%, substantially lower than the home insurance costs jump. The unique features of strata living – shared structures and collective maintenance – result in this stabilization. Lastly, the issue of commissions on strata insurance stokes debate among consumer advocacy groups and strata management companies. The advocates argue for a total commission ban citing conflicts and transparency concerns, while industry players warn of possible spikes in consumer costs. They propose a fixed fee model as an alternative. Listeners are urged to stay tuned for ongoing developments in this sector.n

Episode Description

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

New Health Insurance News Podcasts – New Health Insurance News Michael's Insurance Podcast Michael Young A short-form podcast that covers insurance news, cases, tips and other thoughts by Michael Young, an insurance coverage and bad faith lawyer in St. Louis.michaelyoungstl.comThe choice of a lawyer is an important decision and should not be based solely upon advertisements. Silver Lining Safety - Safety Bytes West Bend Mutual Insurance As an insurance company, we understand how important your business is to you. In this weekly podcast, we’ll give you information on business safety and loss prevention best practices, provide resources to keep you and your employees safe and share the latest insurance news. Opinions in this podcast may not apply to all listeners. Be sure to consult with a qualified safety professional before making any changes to your business. To recommend topics, please email us at [email protected].