Tue, 23rd Jun 2026

In this week's episode of Weekly Insurance News Wrap, host Paige Estritori discusses the reform of Victoria's owner corporation, which questions strata insurance commissions and aims to promote transparency in insurance costs. The government, however, is cautious about this change due to concerns over potential cost shifts and possible downturns in advice provision. Meanwhile, the General Insurance Code of Practice is under review, with more than a hundred recommendations likely to be contractually enforceable. These changes are beneficial for tradies dealing with urgent insurance scenarios like public liability and income protection. The ASIC warns about delays in super death benefit claims and urges for improved service standards. For consumers, the reminder is to reassess beneficiary nominations and the adequacy of super-based insurance compared to standalone covers. Tune in for the latest on these and other developing stories with Financial Services Online.