Australia: Insurer ‘entitled’ to 80% premium rise on broker-arranged strata policy

/ Owner - August 22, 2024

An owners’ corporation has lost a dispute over an 80% premium rise on its broker-arranged strata policy, after arguing the increase was made “without justification”.  The owners’ corporation demanded that Chubb reduce its premium, which was raised to $60,508 at renewal in May last year.    Read the article…………………………….

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