insuranceNEWS.com.au http://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2017 Consumer law review recommends insurance contract reform http://www.insurancenews.com.au/regulatory-government/consumer-law-review-recommends-insurance-contract-reform http://www.insurancenews.com.au/regulatory-government/consumer-law-review-recommends-insurance-contract-reform A review of consumer law has recommended applying unfair contract terms to insurance contracts – a move the insurance industry has consistently argued against…

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Mon, 24 Apr 2017 14:26:00 +1000
ESL monitor to hold emergency levy removal inquiry http://www.insurancenews.com.au/regulatory-government/esl-monitor-to-hold-emergency-levy-removal-inquiry http://www.insurancenews.com.au/regulatory-government/esl-monitor-to-hold-emergency-levy-removal-inquiry NSW Emergency Services Levy Insurance Monitor Allan Fels has called a public inquiry requiring companies to explain how they calculate property premiums and outline their plans for removing the levy…

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Mon, 24 Apr 2017 14:25:00 +1000
Owners’ corporations ‘ultimate winners’ under ESL reform http://www.insurancenews.com.au/regulatory-government/owners-corporations-ultimate-winners-under-esl-reform http://www.insurancenews.com.au/regulatory-government/owners-corporations-ultimate-winners-under-esl-reform The move to a property-based emergency services funding regime in NSW on July 1 will level the playing field for owners’ corporations, according to Strata Community Insurance MD Paul Keating…

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Mon, 24 Apr 2017 14:25:00 +1000
Industry attacked at Senate hearings http://www.insurancenews.com.au/regulatory-government/industry-attacked-at-senate-hearings http://www.insurancenews.com.au/regulatory-government/industry-attacked-at-senate-hearings General insurance was described as “a stitch-up” during two days of public hearings in the ongoing Senate inquiry into the industry…

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Mon, 24 Apr 2017 14:24:00 +1000
ASIC seeks feedback on peer disciplinary panel http://www.insurancenews.com.au/regulatory-government/asic-seeks-feedback-on-peer-disciplinary-panel http://www.insurancenews.com.au/regulatory-government/asic-seeks-feedback-on-peer-disciplinary-panel The Australian Securities and Investments Commission is seeking feedback on a proposed financial services panel responsible for determining if errant individuals should be banned from the industry…

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Mon, 24 Apr 2017 14:23:00 +1000
NTC seeks to define ‘control’ in automated cars http://www.insurancenews.com.au/regulatory-government/ntc-seeks-to-define-control-in-automated-cars http://www.insurancenews.com.au/regulatory-government/ntc-seeks-to-define-control-in-automated-cars The National Transport Commission wants help defining the terms “control” and “proper control” in road rules relating to automated vehicles…

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Mon, 24 Apr 2017 14:23:00 +1000