Cyclone Reinsurance Pool

Strata Community Insurance to enter Cyclone Reinsurance Pool In response to insurance affordability concerns in Northern Australia, the Australian Federal Government introduced the Cyclone Pool, administered by the Australian Reinsurance Pool Corporation (ARPC). The Government then passed in 2022 the Cyclone and Flood Damage Reinsurance Pool bill. The Pool is backed by a $10 billion … Read more

Strata Managers: Responsibilities for Placement of Insurance

In the context of strata and community title insurance, the relationships between strata communities, their appointed strata managers, and insurance brokers is particularly complex – with the common law and multiple pieces of State and Commonwealth legislation combining to create a series of bi-directional and overlapping contractual, statutory, and fiduciary obligations between the various parties. … Read more