insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2019 Industry told to step up on climate risk analysis https://www.insurancenews.com.au/regulatory-government/industry-told-to-step-up-on-climate-risk-analysis https://www.insurancenews.com.au/regulatory-government/industry-told-to-step-up-on-climate-risk-analysis The insurance industry has been urged to play a leading role in capturing data to show how the costs of transitioning to a low-carbon economy will evolve...

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Mon, 24 Jun 2019 15:00:00 +1000
Cyclone-prone communities gain $100 million infrastructure fund https://www.insurancenews.com.au/regulatory-government/cyclone-prone-communities-gain-100-million-infrastructure-fund https://www.insurancenews.com.au/regulatory-government/cyclone-prone-communities-gain-100-million-infrastructure-fund The Federal and Queensland governments have agreed on a $100 million fund to repair and build resilient roads and other public infrastructure in the cyclone-prone northern region...

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Mon, 24 Jun 2019 14:59:00 +1000
AR banned over factory fire claim https://www.insurancenews.com.au/regulatory-government/ar-banned-over-factory-fire-claim https://www.insurancenews.com.au/regulatory-government/ar-banned-over-factory-fire-claim A Victorian authorised representative has been permanently banned from the financial services industry for dishonest conduct...

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Mon, 24 Jun 2019 14:58:00 +1000
Add-on cover refunds pass $130 million https://www.insurancenews.com.au/regulatory-government/add-on-cover-refunds-pass-130-million https://www.insurancenews.com.au/regulatory-government/add-on-cover-refunds-pass-130-million The Australian Securities and Investments Commission has announced further repayments of $14.7 million for consumers sold “worthless” add-on insurance cover at car yards...

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Mon, 24 Jun 2019 14:57:00 +1000
ASIC gives AFCA the nod on legacy complaints https://www.insurancenews.com.au/regulatory-government/asic-gives-afca-the-nod-on-legacy-complaints https://www.insurancenews.com.au/regulatory-government/asic-gives-afca-the-nod-on-legacy-complaints The Australian Securities and Investments Commission has approved rule changes that allow the Australian Financial Complaints Authority to investigate matters dating back to 2008...

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Mon, 24 Jun 2019 14:57:00 +1000
$8.6b burden: NSW insurance taxes keep growing https://www.insurancenews.com.au/regulatory-government/8-6b-burden-nsw-insurance-taxes-keep-growing https://www.insurancenews.com.au/regulatory-government/8-6b-burden-nsw-insurance-taxes-keep-growing The NSW Government will reap $8.6 billion from insurance taxes and levies over the next four years, the latest state budget shows...

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Mon, 24 Jun 2019 14:55:00 +1000
SA rakes in more insurance taxes https://www.insurancenews.com.au/regulatory-government/sa-rakes-in-more-insurance-taxes https://www.insurancenews.com.au/regulatory-government/sa-rakes-in-more-insurance-taxes The SA Government expects to collect $486.3 million in insurance taxes this financial year, up 5.7% on the previous year, state budget figures released last week show...

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Mon, 24 Jun 2019 14:53:00 +1000
ARPC audit suggests alternatives to premium rises https://www.insurancenews.com.au/regulatory-government/arpc-audit-suggests-alternatives-to-premium-rises https://www.insurancenews.com.au/regulatory-government/arpc-audit-suggests-alternatives-to-premium-rises An Australian Reinsurance Pool Corporation audit has suggested examining options to minimise premium rises if there is a need to rebuild capital after a terrorist attack...

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Mon, 24 Jun 2019 14:51:00 +1000
Tribunal to hear Canterbury quake claim disputes https://www.insurancenews.com.au/regulatory-government/tribunal-to-hear-canterbury-quake-claim-disputes https://www.insurancenews.com.au/regulatory-government/tribunal-to-hear-canterbury-quake-claim-disputes New Zealand has created an insurance tribunal to resolve outstanding claims relating to the 2010/11 Canterbury earthquakes, providing $NZ3.39 million in funding...

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Mon, 24 Jun 2019 14:51:00 +1000