In this episode of 'Weekly Insurance News Wrap', host Paige Estritori updates us on key developments in the Australian insurance sector. The federal and state governments have set up initiatives to lower insurance premiums and increase cyclone resilience for Queensland's strata property owners, including the Cyclone Reinsurance Pool and a Strata Resilience Program, funded by a $40 million grant. The Strata Futures Report advocates for a national task force to overhaul the country's strata industry, offering measures to improve education, prevent conflicts of interest, and boost design compliance. Additionally, the Strata Community Association in New South Wales announces a major reform set to take effect in January 2026 that will replace insurance commissions for managing agents with a fee-based model, with a goal to increase transparency and trust.