Insurance Update

A while ago, our current insurer Vero, informed our brokers, City Rural Insurance Brokers (CRIB) that they did not intend to keep our public liability policies going after September this year. All current policies are valid until they expire, which for most of them is the end of August 2023.

We didn’t receive any detailed explanation of why Vero wanted to withdraw. However, we’ve heard from CRIB and other brokers that conditions in the insurance industry are very challenging at the moment. This is due to a large number of claims from fires and floods over the last few years and to some regulatory changes which has now led to some companies restructuring their products or refocussing their business. 

We wanted to let all our VWA members know that we have been working hard alongside CIRB and others, to identify a new insurer who would be a good fit for our policies and VWA members. That’s taking some time. While recognising the challenges in the industry, we have a few insurers expressing interest and we’ll keep you posted. 

Stephen Ziguras
President