Prina Mashru’s Post

Annoucing further growth for JMG Group

SCA & Deakin Strata Insurance Research Unpacked: Supply Chain InfoGraphics   SCA NSW has prepared some infographics from its sponsored Deakin research.   Here we’re featuring the supply chain they’ve identified #stratatitle insurance which includes 7 key stakeholders:   ·      Reinsurers ·      General Insurers ·      Strata Insurance Underwriters ·      Insurance Brokers ·      Strata Managers ·      Valuers ·      Strata Buildings & Committees   So, the #strata building consumer is the last player [after 6 others have been involved], the only one spending money, the only non business organisation, and with the least informed.   Does this tell us all we need to know about the challenges with strata insurance ?   We’ve published Dr Nicole Johnson’s report A data-driven holistic understanding of strata insurance in Australia and New Zealand in the Daily Post An [Independent?] Report about Australian & New Zealand Strata Title Insurance.   https://lnkd.in/e8BJYg4X   * Item 24.038 in GoStrata Media’s info collection on the 2024 Strata Insurance Crisis.

A fixed premium PandI that has managed to position itself in the market, with a solid financial structure and a great team of professionals

SCA’s Video on Strata Insurance Affordability Strata Community Australia has prepared a few short videos with information and discussions arising from its 2021 sponsored Deakin University research that we featured in the Daily Post ‘An [Independent?] Report about Australian & New Zealand Strata Title Insurance’. In this video Andrew Davidson a #stratatitle manager from Noosa District Body Corporate Management speaks about one of the most pertinent issues impacting the #strata insurance sector; affordability and accessibility. Using Queensland as a case study, Andrew shares his experiences and outlines the effects the state's volatile climatic conditions have had on strata insurance pricing and availability. https://lnkd.in/gW5i6mJb * Item 24.060 in GoStrata Media’s info collection on the 2024 Strata Insurance Crisis.

Policyholder victory alert! Our latest case alert by Amanda C. Stefanatos details how Hawaii Supreme Court delivers a win for policyholders in the case of St. Paul Fire & Marine Insurance Company v. Bodell Construction Company. Insurers cannot recoup defense costs for uncovered claims unless the policy explicitly allows it, a decision that reinforces the importance of contractual integrity and fairness between insurers and policyholders. Click here to read the full case alert. #SDVLaw #DefenseCosts #Claims #Insurance #Policyholders

𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗦𝗮𝘃𝗶𝗻𝗴 $𝟰𝟮,𝟴𝟬𝟬 𝗖𝘆𝗰𝗹𝗼𝗻𝗲 𝗥𝗲𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗼𝗼𝗹 𝗜𝘀 𝗪𝗼𝗿𝗸𝗶𝗻𝗴 We recently had a Body Corporate come up for renewal on Magnetic Island in Far North Queensland. The insurer has recently joined the Cyclone Reinsurance Pool. The renewal with the same insurer as last year decreased by 57% with the same coverage. It is an excellent outcome for our client and shows the positive effects the government-backed reinsurance pool can have. Our client 𝘀𝗮𝘃𝗲𝗱 $𝟰𝟮,𝟴𝟬𝟬 𝗼𝗻 𝘁𝗵𝗲 𝗽𝗿𝗲𝗺𝗶𝘂𝗺 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝗱 𝘁𝗼 𝗹𝗮𝘀𝘁 𝘆𝗲𝗮𝗿! Our Managing Director, Tyrone Shandiman, holds the role of Chairperson at the Australian Consumers Insurance Lobby Inc and has been a dedicated advocate for consumers in Northern Australia. He has actively participated in senate and parliamentary inquiries concerning the Cyclone Reinsurance Pool. While the pool has shown positive results for some, such as the example mentioned above, Tyrone is of the opinion that there is room for improvement to maximise savings for a larger portion of consumers. Feel like you are paying too much for strata insurance? Then contact our friendly team of strata insurance specialists today on 1300 554 165! Get a Quote Now! https://lnkd.in/gPaxM9wD #StrataInsurance #StrataInsuranceSolutions #TransparentEthicalStrataInsurance #CycloneReinsurancePool #ClientWin 𝘛𝘩𝘪𝘴 𝘮𝘢𝘵𝘦𝘳𝘪𝘢𝘭 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘴 𝘨𝘦𝘯𝘦𝘳𝘢𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘮𝘢𝘺 𝘯𝘰𝘵 𝘴𝘶𝘪𝘵 𝘺𝘰𝘶𝘳 𝘱𝘢𝘳𝘵𝘪𝘤𝘶𝘭𝘢𝘳 𝘤𝘪𝘳𝘤𝘶𝘮𝘴𝘵𝘢𝘯𝘤𝘦𝘴. 𝘛𝘩𝘦 𝘱𝘳𝘦𝘤𝘪𝘴𝘦 𝘤𝘰𝘷𝘦𝘳𝘢𝘨𝘦 𝘢𝘧𝘧𝘰𝘳𝘥𝘦𝘥 𝘪𝘴 𝘴𝘶𝘣𝘫𝘦𝘤𝘵 𝘵𝘰 𝘵𝘩𝘦 𝘴𝘵𝘢𝘵𝘦𝘮𝘦𝘯𝘵𝘴 𝘢𝘯𝘥 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘪𝘯 𝘵𝘩𝘦 𝘳𝘦𝘭𝘦𝘷𝘢𝘯𝘵 𝘗𝘳𝘰𝘥𝘶𝘤𝘵 𝘋𝘪𝘴𝘤𝘭𝘰𝘴𝘶𝘳𝘦 𝘚𝘵𝘢𝘵𝘦𝘮𝘦𝘯𝘵 (𝘗𝘋𝘚) 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘵𝘦𝘳𝘮𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘥𝘪𝘵𝘪𝘰𝘯𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘪𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦 𝘗𝘰𝘭𝘪𝘤𝘺 𝘸𝘩𝘦𝘯 𝘪𝘴𝘴𝘶𝘦𝘥. 𝘉𝘦𝘧𝘰𝘳𝘦 𝘥𝘦𝘤𝘪𝘥𝘪𝘯𝘨 𝘵𝘰 𝘢𝘤𝘲𝘶𝘪𝘳𝘦 𝘢𝘯𝘺 𝘪𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦 𝘱𝘳𝘰𝘥𝘶𝘤𝘵, 𝘺𝘰𝘶 𝘴𝘩𝘰𝘶𝘭𝘥 𝘰𝘣𝘵𝘢𝘪𝘯 𝘢𝘯𝘥 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳 𝘵𝘩𝘦 𝘳𝘦𝘭𝘦𝘷𝘢𝘯𝘵 𝘗𝘋𝘚 𝘰𝘳 𝘗𝘰𝘭𝘪𝘤𝘺 𝘸𝘰𝘳𝘥𝘪𝘯𝘨 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦 𝘣𝘺 𝘤𝘰𝘯𝘵𝘢𝘤𝘵𝘪𝘯𝘨 𝘰𝘶𝘳 𝘰𝘧𝘧𝘪𝘤𝘦. 𝘚𝘵𝘳𝘢𝘵𝘢 𝘐𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦 𝘚𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘪𝘴 𝘢 𝘊𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘦 𝘈𝘶𝘵𝘩𝘰𝘳𝘪𝘴𝘦𝘥 𝘙𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘷𝘦 𝘰𝘧 𝘐𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦 𝘈𝘥𝘷𝘪𝘴𝘦𝘳𝘯𝘦𝘵 𝘈𝘶𝘴𝘵𝘳𝘢𝘭𝘪𝘢 𝘗𝘵𝘺 𝘓𝘪𝘮𝘪𝘵𝘦𝘥 𝘈𝘉𝘕 𝟪𝟣 𝟢𝟩𝟤 𝟥𝟦𝟥 𝟨𝟦𝟥 𝘈𝘶𝘴𝘵𝘳𝘢𝘭𝘪𝘢𝘯 𝘍𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘚𝘦𝘳𝘷𝘪𝘤𝘦𝘴 𝘓𝘪𝘤𝘦𝘯𝘤𝘦 𝘕𝘰 𝟤𝟦𝟢𝟧𝟦𝟫 𝘊𝘈𝘙 𝘕𝘶𝘮𝘣𝘦𝘳 𝟦𝟢𝟦𝟤𝟦𝟨

Sharing some insights garnered from recent deals across different corporate real estate asset classes, we've set out some guidance on how to avoid a property defects exclusion in a W&I policy. There is no longer a 'one size fits all' approach and there are steps that a purchaser can take to maximize the scope of cover under the policy. Any questions please don't hesitate to reach out. #mergersandacquisitions #insurance #corporaterealestate #privatequity Lockton

Navigating the Strata Insurance Market! Body Corporate insurance premiums have surged over the last couple of years and it doesn't look like they will slow down this year. Insurers are in the process of restructuring their risk portfolios, examining current schemes, and seeking more information about Body Corporate owner's risk profiles before offering renewal terms. Premiums are on the rise and have increased around 20% driven by a combination of insured increasing their building sum insured and sector-wide rises. Looking ahead, it is suggested that committees, lot owners, and body corporate managers budget for premium increases of at least 15-20% this year for schemes that are claims-free and at least 30% for schemes with a challenging claims history. If you would like more information on Insurance premiums, don't hesitate to get in touch with your Body Corporate Manager or our insurance department at 08 8372 2787. - - #stratadata #bodycorporate #helpingyoulovewhereyoulive #bettertogether #insurancepremiums #navigatinginsurance #honan

The market for commercial property insurance continues to be challenging. Learn about several factors contributing to increasing premium for commercial property coverage.

In case you need some inspiration for your week ahead..! Have a read through what I get up to during my working week, with my interview with Insurance Post below.