- NSW Enforces Stricter Strata Maintenance Laws
New South Wales has introduced a series of reforms aimed at strengthening the maintenance and repair obligations of strata properties, enhancing the safety and integrity of these communities.
- Whitbread Insurance Brokers Appoints Lia de Sousa as CEO
Whitbread Insurance Brokers has announced the appointment of Lia de Sousa as its new Chief Executive Officer, marking a significant strategic shift towards exclusive specialization in strata insurance services. With nearly four decades of experience in the insurance industry, including over 25 years at Whitbread, Ms.
- CHU Revamps Residential Strata Insurance Policy
CHU Underwriting Agencies, Australia's leading strata insurance provider, has announced significant enhancements to its residential strata insurance policy, reflecting the evolving needs of property owners and strata communities. These updates aim to simplify insurance processes, bridge coverage gaps, and provide more comprehensive protection for strata residents.
- CHU Publishes 2025 State of the Strata Market Report
CHU, Australia's largest strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of key industry statistics, trends, and market forces shaping the strata sector. The report addresses critical areas such as affordability, climate-related risks, regulatory reforms, and emerging challenges.
- ICA Advocates for Reforms in Victoria's Strata Legislation
The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that poor governance and deferred maintenance are leading to increased insurance premiums for the one in five Victorians residing in strata-titled properties.
- CHU Unveils Enhanced Residential Strata Insurance Policy
CHU, Australia's leading strata insurance underwriting agency, has launched a new residential strata insurance policy designed to better support property owners and strata communities. This initiative reflects CHU's commitment to delivering customer-focused solutions that simplify insurance processes and enhance community resilience.
- Sure Insurance Boosts Strata Coverage Limits to $20 Million
Sure Insurance, a specialist insurer in Northern and Regional Queensland, has announced an increase in its residential strata insurance coverage limits from $5 million to $20 million. This strategic move is designed to address the affordability crisis and improve access to adequate insurance for apartment complexes in these regions.
- ICA Advocates for Reforms in Victoria's Strata Legislation
The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata laws, highlighting that poor governance and deferred maintenance are leading to increased insurance premiums for the one in five Victorians residing in strata-titled properties.
- Rising Strata Insurance Costs in the Northern Territory
Homeowners in the Northern Territory are experiencing significant increases in strata insurance premiums, despite the federal government's cyclone reinsurance pool, established in 2022 to mitigate such costs. This development raises concerns about the effectiveness of the pool and the broader implications for property owners in cyclone-prone regions.
- Insurance Capacity Constraints Impacting High-End Strata Properties
High-end strata properties in Australia are facing significant challenges in securing adequate insurance coverage, as the market grapples with capacity constraints. This issue is particularly pronounced for buildings with property values exceeding $300 million, where limited insurer participation is leading to coverage shortfalls and increased premiums.
- Strata Industry Advances Towards Phasing Out Insurance Commissions
The strata management sector in Australia is witnessing a significant shift towards eliminating insurance commissions, a move aimed at enhancing transparency and building trust between strata managers and property owners. This reform is gaining traction, with New South Wales leading the initiative.
- Steadfast Group Under Scrutiny for Alleged Misleading Practices
Steadfast Group, Australia's largest general insurance broker network, has recently come under scrutiny following allegations of misleading clients through undisclosed financial arrangements. These claims have prompted the company to suspend trading on the Australian Stock Exchange, leading to a significant decline in its share price.
- Netstrata Clients Uncover Excessive Insurance Brokerage Fees
Recent developments have brought to light concerns regarding the insurance practices of Netstrata, a prominent strata management firm in Australia. Clients have reported the sudden appearance of past insurance invoices in their online portals, revealing brokerage fees significantly higher than industry norms.
- ICA Calls for Reforms to Victoria's Strata Laws Amid Rising Insurance Costs
The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that poor governance and deferred maintenance are leading to increased insurance premiums for the one in five Victorians residing in strata-titled properties.
- Strata Insurance Premiums Hold Steady as House Insurance Costs Surge
In the face of escalating house insurance premiums, strata insurance in Australia has demonstrated remarkable stability, according to the 2025 State of the Strata Market report released by CHU, the nation's leading strata insurance underwriting agency. The report reveals that strata insurance premiums have experienced a modest increase of 2.
- ICA Advocates for Strata Law Reforms to Mitigate Rising Insurance Costs in Victoria
The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that poor governance and deferred maintenance are leading to increased insurance premiums for the one in five Victorians residing in strata-titled properties.
- Queensland Strata Owners Urged to Act on Cyclone Mitigation Measures for Insurance Savings
Strata property owners in North and Central Queensland are being encouraged to take advantage of new federal and state initiatives designed to reduce insurance premiums through approved cyclone mitigation activities.
- Australia's Strata Property Market Surpasses $1.4 Trillion in Value
Recent industry reports reveal that the insured value of strata properties in Australia has reached an estimated $1.4 trillion. This significant milestone underscores the growing prominence of strata living, with approximately 4.2 million Australians—about 15% of the population—residing in such properties. This marks an increase of 200,000 residents since 2022.
- Netstrata's Insurance Practices Raise Concerns Over Excessive Fees
Recent developments have brought to light concerns regarding the insurance practices of Netstrata, a prominent strata management firm in Australia. Clients have reported the sudden appearance of past insurance invoices in their online portals, revealing brokerage fees significantly higher than industry norms.
- Steadfast Group Under Investigation for Alleged Misleading Practices
Steadfast Group, Australia's largest general insurance broker network, has recently come under scrutiny following allegations of misleading clients through undisclosed financial arrangements. These claims have prompted the company to suspend trading on the Australian Stock Exchange, leading to a significant decline in its share price.
