Sun, 24th May 2026

On this week's insurance news across Australia, HESTA, a leading superannuation fund will be reducing insurance costs for members by an average of 12% starting July 1, 2026; a strategic move aimed at boosting affordability, with benefits especially for tradespeople. The Law Society of Queensland has approved a 15% reduction in professional indemnity insurance levies for 2026-27, thanks to strategic risk management practices. In strata insurance, Cohabit launched a digital platform to revamp insurance management, giving property owners and managers an easier way to review, compare, and select insurance options. Lastly, Europ Assistance Australia received a general insurance license from the Australian Prudential Regulation Authority, enabling them to underwrite their own travel insurance policies to better serve Australian and New Zealander travellers.