In this episode, Paige Estritori brings updates from Australia's insurance industry. Notably, the Insurance Council of Australia proposes key reforms such as the axing of a nine percent stamp duty and comprehensive land-use planning, aimed at decreasing insurance costs and mitigating large-scale insurance claims. BizCover warns New South Wales builders about compulsory Professional Indemnity Insurance due to the forcoming extension of the Design and Building Practitioners Act. The Australian construction insurance market sees decreasing premiums due to increasing capacity and new competition. Berkley Insurance Australia introduces a combined product for professional indemnity and public liability insurance targeting simpler transactions, competitive commissions, and high coverage limits. Stay tuned for more updates from the world of insurance.n

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