OCN made a submission on the need to strengthen the Code to provide greater consumer protections to those taking out strata insurance. This insurance product is mandated by states and territories, so it’s important that the Code ensures purchasers are not vulnerable to the poor industry practices that have been highlighted in the media over the past 12 months.
Read submission: 20250402 – NIBA Code of Conduct Review April 2025
Related content: https://ocn.org.au/impact-of-climate-risk-on-insurance-premiums-and-availability/
