Wed, 18th Mar 2026

In this episode of Financial Services Online's weekly insurance news wrap, host Paige Estritori covered key headlines of the month. She discussed CHU's State of the Strata Market Report for 2025 that revealed a slight growth in strata insurance premiums, despite climate challenges such as Tropical Cyclone Zelia and widespread flooding, highlighting effective risk management strategies. She also touched on the Insurance Council of Australia's (ICA) call for an overhaul of Victoria's strata legislation due to governance issues and delayed maintenance, resulting in substantial insurance premium increases. Meanwhile, Insurance Australia Group reports significant profit increase but anticipates steady insurance premium increases due to the cost of reinsurance and climate threats. The episode concluded with the ICA's push for a revamp of aged civil liability laws due to rising public liability insurance premiums and changing risk factors. The podcast aims to help listeners manage their risk and finances effectively.n