Lacrosse Builder Finally Agrees to Replace Flammable Cladding

Naomi Preston Strata News

Three years after fire ripped up from the sixth floor to the 21st floor in a matter of minutes, the builder behind the Lacrosse apartment towers in Melbourne’s Docklands has agreed to replace the combustible cladding on the tower, News Ltd has reported. The Herald Sun has reported that builder LU Simon said it had agreed to replace the cladding …

CHU recognised for the 2nd year running

Lisa Cochrane Chu

CHU recognised for the 2nd year running in the Insurance Business “Brokers on Underwriting Agencies” Awards CHU has taken out a “Gold Medal” for Strata Cover and the “Brokers Pick” for Residential Strata Insurance Plan, for the second year running. CHU’s CEO, Bobby Lehane said CHU was delighted to be recognised by the Broking industry. “These awards reflect positively on …

CHU ACP (Cladding) Announcement

Lisa Cochrane Strata News

CHU is pleased to announce the release of an Insurance Solution for strata buildings impacted by the presence of Aluminium Composite Panels (ACP). “CHU is committed to supporting the Strata Industry and has worked closely with QBE (our security provider) to deliver a sound solution to the ACP issues facing our industry. “Excluding” the risk and leaving the Owners Corporation …

CHU launches Landlords and Contents for Strata Market

Lisa Cochrane Chu

CHU is excited to announce the launch of two new products for the Strata Insurance Market. CHU Landlords and Contents for Strata. Both of these are fantastic additions to our suite of insurance products and are available to intermediaries electronically on the CHU StrataTech platform, as well as to direct customers via the electronic quote forms at quote.chu.com.au. In addition …

Changes to the Terrorism Insurance Act

Lisa Cochrane Strata News

From 1 July 2017, a greater number and wider class of buildings will fall within the Australian Reinsurance Pool Corporation (ARPC) scheme definition of what constitutes a commercial and/or large scheme residential building and will therefore be subject to an ARPC terrorism premium. From 1 July 2017, a mandatory terrorism premium and cover applies in the following circumstances: These changes …