On this episode of the Daily Financial Services News Wrap, Paige Estritori discusses CHU, Australia's premier strata insurance underwriting agency, raising its coverage limit to $690 million, supporting larger strata developments. The episode also highlights a decrease in construction insurance premiums due to increased competition. The healthcare sector faces significant changes due to newly enforced insurance regulations that insist on higher coverage limits and inclusion of telehealth services, reflecting the growth in malpractice claims. These rising malpractice claims are influencing insurance costs for healthcare professionals, leading to revised risk assessments and higher premiums. However, strategies like professional development, effective risk management protocols, and group insurance plans can help to counter these costs. Stay informed with insurance, finance, superannuation, and money management solutions at financialservicesonline.com.au.n

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