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Insurance News

Arch Insurance Australia Elevates Aisling Hegarty to Lead Professional Indemnity Division
Arch Insurance Australia Elevates Aisling Hegarty to Lead Professional Indemnity Division
08 May 2026: Paige Estritori
Arch Insurance Australia has announced the promotion of Aisling Hegarty to the position of Head of Professional Indemnity (PI), effective immediately. This strategic move underscores Arch's dedication to bolstering its PI insurance offerings across the Australian market. - read more
Insurance Council of Australia Advocates for Reforms to Sustain Compensation Scheme of Last Resort
Insurance Council of Australia Advocates for Reforms to Sustain Compensation Scheme of Last Resort
08 May 2026: Paige Estritori
The Insurance Council of Australia (ICA) has called for structural reforms to the Compensation Scheme of Last Resort (CSLR) to address growing funding pressures and enhance consumer protection. This appeal comes in response to a Treasury consultation paper examining the role of professional indemnity insurance in compensation claims. - read more
BizCover and BHSI Collaborate to Provide Digital Professional Indemnity Insurance for Australian SMEs
BizCover and BHSI Collaborate to Provide Digital Professional Indemnity Insurance for Australian SMEs
08 May 2026: Paige Estritori
In a significant development for Australian small and medium-sized enterprises (SMEs), BizCover has been appointed as the exclusive direct online distributor of Berkshire Hathaway Specialty Insurance's (BHSI) Professional Indemnity (PI) insurance. This partnership, effective from 1 October 2025, enables SMEs to access BHSI's PI cover directly through BizCover's award-winning digital platform. - read more
CHU Introduces Cyber Fraud Coverage in Strata Insurance Policies
CHU Introduces Cyber Fraud Coverage in Strata Insurance Policies
08 May 2026: Paige Estritori
In response to the escalating digital threats facing strata communities, CHU Underwriting Agencies has integrated cyber fraud coverage into its standard residential strata insurance policies. This enhancement provides up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more
CHU's 2025 Report Shows Stable Strata Insurance Premiums Amid Market Changes
CHU's 2025 Report Shows Stable Strata Insurance Premiums Amid Market Changes
08 May 2026: Paige Estritori
CHU Underwriting Agencies has released its 2025 State of the Strata Market report, indicating a modest 2.8% increase in strata insurance premiums over the past year. This rise, from $954 to $981 per lot annually, aligns with a 3.4% growth in household incomes, suggesting that strata insurance remains affordable for apartment owners. - read more
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Household Insurance Articles

Protecting Your Home: The What, Why, and How of Home Insurance
Protecting Your Home: The What, Why, and How of Home Insurance
As Australians, our homes are often at the heart of our livelihoods and hold significant emotional and financial value. Protecting this important asset is more than just a precaution; it's a necessary step in safeguarding our future. Home insurance acts as a shield against unpredictable events that can have devastating effects on our property and peace of mind. Whether it's from natural disasters or unforeseen accidents, the significance of home insurance cannot be understated. - read more
How to ensure your home renovation is covered by your insurance policy
How to ensure your home renovation is covered by your insurance policy
Renovating your home can be an exciting time, but it can also be a stressful one. There are so many things to consider and plan for, including financing the renovations, choosing the right contractor, and selecting the materials to be used. One aspect that often gets overlooked during planning is the impact that renovations can have on your insurance coverage. - read more
What to Look for When Choosing a Home and Contents Insurance Policy
What to Look for When Choosing a Home and Contents Insurance Policy
Home and Contents Insurance is a type of insurance policy that covers any damage or loss that may occur to your property, as well as the contents within it. This can include damages caused by fire, flood, theft and other unforeseen circumstances. In Australia, Home and Contents Insurance is of utmost importance due to the increasing rates of natural disasters such as bushfires and floods. - read more
How to File a Home Insurance Claim in Australia - A Step by Step Guide
How to File a Home Insurance Claim in Australia - A Step by Step Guide
Experiencing damage or loss to your home can be a stressful and overwhelming experience. However, having home insurance provides a safety net for homeowners who need to file a claim. - read more
10 Tips for Lowering Your Home and Contents Insurance Premiums
10 Tips for Lowering Your Home and Contents Insurance Premiums
One of the best ways to lower your home and contents insurance premiums is to shop around for the best deal. Insurance companies often have varying rates, discounts, and offers that could save you a significant amount of money. Start by researching different insurance providers and their policy offerings. Make sure to compare not only pricing but also features, coverages and deductible amounts. - read more

Knowledgebase
Loss Ratio:
The ratio of claims paid by an insurer to the premiums earned, used as a measure of profitability.

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This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
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