This week's Insurance News on Financial Services Online discusses major issues reshaping the Australian insurance sector. The podcast covers a 28% surge in home insurance premiums, hitting the highest point in two decades due to a mix of inflation, mounting construction costs, and increased natural disasters. It also addresses the concerns around Netstrata's inflated strata insurance fees, leading to possible legislative reforms in NSW for improved transparency and accountability within the strata management sector. In Queensland, Sure Insurance increases its strata insurance coverage responding to an affordability crisis. Meanwhile, Victoria sees the Insurance Council of Australia advocating for immediate strata law reforms to tackle high premiums. The purpose is to keep you updated on the rapidly evolving insurance landscape and provide needed information for individual and business needs.n

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