In this episode of the Weekly Insurance News Wrap, Financial Services Online highlights major developments in the Australian insurance market. The Strata Community Association NSW plans policy adjustments for 2026 to phase out insurance commissions from management contracts. Meanwhile, the Insurance Council of Australia urges for strata law reforms in Victoria due to increasing insurance costs and significant annual losses driven by building defects. Private health insurance premiums are expected to rise by 4.41 percent from April 2026, marking the highest increment since 2017. Lastly, natural hazard costs by Suncorp surpass predictions for H1 of the 2026 financial year, emphasizing the importance of comprehensive insurance amidst severe weather events. For more details, visit financialservicesonline.com.au.n