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Regulatory & Government

Parliamentary committee to scrutinise code breaches

1 June 2020

The House of Representatives Standing Committee on Economics will this week scrutinise the insurance industry over a surge in code of practice breaches, as well as the sector’s COVID-19 response...

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Levy rise to hit NSW premiums

1 June 2020

An increase of more than 20% in the NSW Emergency Services Levy will have a dramatic effect on premiums this coming financial year, an insurer has warned...

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Royal commission to hear evidence on aerial firefighting

1 June 2020

Aerial firefighting will be examined when the Royal Commission into National Natural Disaster Arrangements resumes hearings tomorrow...

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Senate inquiry submissions urge tax reform, mitigation

1 June 2020

Insurers and brokers are urging insurance taxes be overhauled and governments ramp up disaster mitigation efforts in the wake of last summer’s devastating and costly bushfires...

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Premium freeze: icare to hold rates for 3 million workers

1 June 2020

NSW state insurer icare has been instructed to keep its premium rates unchanged from June 30, saving businesses more than $325 million in an effort to boost confidence and stimulate the economy...

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Industry 'must prepare for UCT reform'

1 June 2020

Insurance companies should be getting ready for the extension of unfair contract terms obligations, the Australian Securities and Investments Commission says...

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Insurtech-friendly law change set for September

1 June 2020

New federal laws that will benefit insurtechs by reducing red tape and are aimed at promoting innovation by making it easier for fintech businesses to trial new products are set to take effect on September 1...

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