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Regulatory & Government

Comcare selects Allianz and GB for claims services

17 September 2018

Commonwealth workers’ compensation scheme Comcare has selected Allianz and Gallagher Basset as third-party claims services providers for the non-corporate federal agencies covered by the scheme…

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ASIC vetoes review of class action funders

17 September 2018

The corporate regulator has dismissed “anonymous and anecdotal” stories of companies considering moving offshore because of the rising cost of directors’ and officers’ insurance, saying class action lawsuits blamed for the situation are “critical to protecting shareholders and promoting market integrity”…

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Draft law doesn’t protect underwriters’ data: ICA

17 September 2018

Proposed laws giving Australians greater control over their own data don’t sufficiently exempt the data accessed by insurers to underwrite risks…

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Queensland boosts aerial fleet for high-risk fire season

17 September 2018

Queensland has more than doubled its aerial firefighting fleet as it prepares for more high-risk days after an active start to the season…

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AFCA complaints process rules clears ASIC hurdle

17 September 2018

The Australian Securities and Investments Commission has approved the Australian Financial Complaints Authority (AFCA) complaint resolution scheme rules and independent assessor terms of reference…

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ASIC deadline looms for business info submission

17 September 2018

Insurers have less than two weeks to provide the Australian Securities and Investments Commission with details of their operations as part of new industry funding laws…

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