Tue, 9th Jun 2026

This episode of the Weekly Insurance News Wrap, hosted by Paige Estritori, presents news from Australia's insurance sector. The program begins with the Queensland Law Society (QLS) announcing a 15% reduction in professional indemnity insurance levies for 2066-67, marking a win for legal practitioners. Meanwhile, the Australian Competition and Consumer Commission has halted Insurance Australia Group's acquisition of RAC Insurance to prevent a reduction in market competition in Western Australia. The Insurance Council of Australia is urging for a review of outdated civil liability laws, which could potentially reduce insurance costs. Finally, the Australian Reinsurance Pool Corporation announces revised premium rates that incentivize risk mitigation against cyclones benefiting small and medium businesses in cyclone-prone areas. For more details, visit financialservicesonline.com.au.