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Regulatory & Government

Ex-broker Horsell fined $75,000

20 May 2013

Former broker Craig Horsell has been fined $75,000 after admitting dishonesty charges…

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Best-interests duty holds no fear for brokers, NIBA says

20 May 2013

Brokers have little to fear when the best-interests duty is introduced on July 1, according to National Insurance Brokers Association CEO Dallas Booth…

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Filling insurer’s new risk requirements will not be cheap

20 May 2013

The Australian Prudential Regulation Authority’s new risk management standards may prove to be expensive for insurers…

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ICA backs bid to clarify LMI cover

20 May 2013

Plans for borrowers to receive lenders’ mortgage insurance information statements when home loans are approved have been “strongly” backed by the Insurance Council of Australia…

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Regulator cracks down on NZ breaches

20 May 2013

The Reserve Bank of New Zealand has warned insurers it is taking a tougher approach to compliance breaches…

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NT expects insurance tax collection to grow

20 May 2013

The NT Government expects to raise $36 million from insurance taxes in the year to June 30, rising to $38 million next financial year…

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Spending on Canterbury rebuild rises

20 May 2013

The New Zealand Government estimates it will contribute $NZ15.2 billion ($12.62 billion) to the Canterbury earthquake recovery…

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NZ to cut no-fault insurer levies

20 May 2013

New Zealand’s Accident Compensation Corporation will cut levies by about $NZ300 million ($249 million) in 2014/15, rising to $NZ1 billion ($830 million) from 2015/16…

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Brought to you by:
Zurich
Brought to you by:
Zurich