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    Insurance News

    Rising Claims Challenge Australia's Compensation Scheme of Last Resort
    Rising Claims Challenge Australia's Compensation Scheme of Last Resort
    22 Apr 2026: Paige Estritori
    Australia's Compensation Scheme of Last Resort (CSLR) is facing significant pressure due to a surge in claims linked to failed financial products. This uptick has led the Insurance Council of Australia (ICA) to call for structural reforms to ensure the scheme's sustainability. - read more
    Escalating Professional Indemnity Claims in Australia's Financial Services Industry
    Escalating Professional Indemnity Claims in Australia's Financial Services Industry
    22 Apr 2026: Paige Estritori
    Australia's financial services sector is currently experiencing a notable increase in professional indemnity (PI) claims, driven by intensified regulatory scrutiny and recent legal actions. This trend has significant implications for professionals and insurers operating within the industry. - read more
    NSW Builders Required to Obtain Professional Indemnity Insurance by July 2026
    NSW Builders Required to Obtain Professional Indemnity Insurance by July 2026
    22 Apr 2026: Paige Estritori
    Effective 1 July 2026, all registered building practitioners in New South Wales (NSW) will be mandated to hold professional indemnity (PI) insurance, as stipulated by the Design and Building Practitioners Act 2020. This legislative change aims to enhance accountability and protect clients from potential financial losses due to professional negligence or defects in construction work. - read more
    NSW Productivity Commissioner Advocates for Immediate Ban on Strata Manager Commissions
    NSW Productivity Commissioner Advocates for Immediate Ban on Strata Manager Commissions
    22 Apr 2026: Paige Estritori
    In a significant development for New South Wales' housing sector, Productivity Commissioner Peter Achterstraat has called for the prompt elimination of commissions received by strata managers. This recommendation aims to bolster transparency and affordability within the state's burgeoning strata housing market. - read more
    CHU's 2025 Strata Market Report: Stability in Strata Insurance Amid Rising House Insurance Costs
    CHU's 2025 Strata Market Report: Stability in Strata Insurance Amid Rising House Insurance Costs
    22 Apr 2026: Paige Estritori
    In its recently released 2025 State of the Strata Market report, CHU, Australia's leading strata insurance underwriting agency, provides an insightful analysis of the current landscape of strata insurance. The report underscores a notable stability in strata insurance premiums, which have seen a modest increase of 2.8% over the past year, rising from $954 to $981 per lot annually. This increment is significantly lower than the 14% surge observed in house insurance premiums during the same period. - read more
    Farm Insurance Articles

    Farm Insurance Comparison: Secure Your Farm with the Right Coverage
    Farm Insurance Comparison: Secure Your Farm with the Right Coverage
    As a farm owner, your livelihood depends not only on the hard work you put in but also on the protection you have in place against unforeseen events. Farm insurance is crucial in safeguarding your investments, ensuring that your operations can continue smoothly even when faced with unexpected challenges. - read more
    Safeguarding Your Harvest: The Importance of Crop Insurance
    Safeguarding Your Harvest: The Importance of Crop Insurance
    In the ever-unpredictable world of farming, crop insurance emerges as a pivotal ally for farmers, hedging against the myriad of risks that come with cultivating the land. As the first step to understanding this crucial safeguard, let's unfold the question: What is crop insurance, exactly? In essence, crop insurance is a type of cover designed to cushion farmers from financial losses due to unavoidable circumstances such as adverse weather conditions, pests, disease, or even market fluctuations. - read more
    Risk Mitigation: Best Practices for Rural Farmers
    Risk Mitigation: Best Practices for Rural Farmers
    Risk mitigation is a strategy used to prepare for and lessen the effects of potential risks faced by rural farmers. It involves identifying potential threats and taking proactive steps to minimize their impact. - read more
    Effective Risk Management Plans Every Farm Owner Should Implement
    Effective Risk Management Plans Every Farm Owner Should Implement
    Managing a farm involves juggling many uncertainties and potential risks. Risk management in farming refers to the process of identifying, assessing, and prioritising risks associated with agricultural activities. Effective risk management ensures that farmers can handle obstacles and continue their operations smoothly. - read more
    Comparing Insurance Policies: Finding the Best Coverage for Seasonal Farming Risks
    Comparing Insurance Policies: Finding the Best Coverage for Seasonal Farming Risks
    Welcome to our detailed guide on comparing insurance policies for seasonal farming risks. If you're a rural farm owner, you understand the unique challenges that come with each season. This article aims to help you find the best coverage to protect your livelihood. - read more

    Knowledgebase
    Liability Insurance:
    A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.