Tue, 24th Mar 2026

On this week's episode of Weekly Insurance News Wrap, we discuss significant developments in Australia's insurance world. CHU, Australia's leading strata insurance agency, has made major strides by doubling their insurance capacity for strata properties up to $690 million. Alongside this, they've expanded their product range to include tailored landlord insurance and home and content cover, offering security for smaller lot owners. On another note, New South Wales government introduced significant strata reforms to enhance apartment building safety, giving Fair Trading power to enter buildings suspecting of poor maintenance without a warrant. CHU's 2025 report revealed a noteworthy stability in strata premiums with a modest 2.8% rise, in contrast to a 14% increase in standalone house insurances, indicating the sector's role in urban living. CHU predicts affordability, climate resilience, and regulatory compliance to shape the sector in 2026.