In this episode of the Weekly Insurance News Wrap, Paige Estritori of Financial Services Online covers the latest in the insurance industry. The key highlight is CHU, Australia's largest strata insurance underwriting agency's report revealing a modest growth in strata insurance premiums contrasted by a surge in standalone house insurance costs. Regulatory changes and reviews in NSW, WA, and the ACT, focusing on transparency, consumer protection, and maintaining professional standards, are under discussion. Also discussed are emerging challenges including building defects, combustible cladding, and lithium-ion battery fires. Kimberley Jonsson, CHU's CEO, remains optimistic about the strata sector's progressive role in urban living. The strata insurance market's future seems poised towards adaptation and forward-thinking.n

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