On this episode of Weekly Insurance News Wrap, host Paige Estritori discusses Sterling Insurance's professional indemnity binding authority acquisition with Lloyds, boosting offerings to Australian brokers and solidifying their foothold in professional indemnity insurance. She also highlights the Australian Treasury's consultation initiative to strengthen professional indemnity insurance, reducing reliance on their Compensation Scheme of Last Resort. Estritori reports on a recent landmark ruling by the Australian Financial Complaints Authority, instructing QBE Insurance to honor an arson claim, signaling a need for greater transparency in insurance applications. Finally, she delves into CHU's 2025 State of the Strata Market report that underscores industry stability, a 2.8% increase in strata insurance premiums, and the focus on climate risk management, regulatory changes, and consumer protection.

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