Regulatory & Government
Global turmoil prompts APRA to step up supervision
25 May 2026
Insurers are assessing how supply chain disruption arising from geopolitical risks could affect claim costs, according to the latest System Risk Outlook from the Australian Prudential Regulation Authority...
State maintains freeze on workers’ comp rates
25 May 2026
Victoria’s average WorkCover premium will stay at 1.8% of wages in 2026-27, holding for the fourth year in a row...
ASIC hails progress on red tape reduction
25 May 2026
The corporate regulator says it has made “significant strides” easing red tape in financial services and it is now moving to the next phase of its simplification program...
Farm staff training scheme seeds safer practices
25 May 2026
A year-long farm worker safety program aiming to reduce the number of injuries and deaths has launched in NSW...
Home coverage warning as new smoke alarm rules loom
25 May 2026
Queensland homeowners have been told to comply with new fire alarm laws or risk invalidating their insurance...
‘Unachievable scale’: Tasmania drops state insurer plan
18 May 2026
The Tasmanian government has scrapped an election promise to set up a state-backed insurer after an independent expert branded it “an aspiration with high risk, high cost and low chance of delivering”...
ASIC home cover comparator visited less than 25 times a day
18 May 2026
The Australian Securities and Investments Commission’s north Queensland home and contents comparison website is being viewed fewer than 25 times a day on average, according to statistics released to insuranceNEWS.com.au...
Bushfire fund to help house underinsured victims
18 May 2026
A joint federal and Victorian government package will provide an extra $37 million to support people affected by bushfires in January...
Eastern states move to ‘take down crime gangs’
18 May 2026
NSW is introducing new offences and penalties for public shootings, firebombings, vehicle arson and recruitment of teenagers by organised criminals...
Queensland expands flood mitigation grants
18 May 2026
More Queensland homeowners will have access to funds to protect their properties against flooding under a new arrangement between the state and federal governments...
Mutual interest on the rise, inquiry told
11 May 2026
Interest in mutual risk protection arrangements has increased as organisations look to address market failures, a federal parliamentary inquiry was told last week...
Government releases updated regulatory grid
11 May 2026
A federal regulatory road map update shows seven initiatives related specifically to insurance and reinsurance, while the sector will be affected by 24 activities overall...
‘Consumer win’ as court finds Telstra Super failed on IDR
11 May 2026
Telstra Super breached procedures for managing customer complaints, the Federal Court has ruled after the corporate regulator launched civil penalty proceedings...
Latest money laundering reforms tipped to spark claims
11 May 2026
Expanding anti-money laundering and counter-terrorism financing reforms to a broader range of businesses could have substantial indirect consequences for insurers, a law firm has warned...
Inquiry considers ESL replacement models
04 May 2026
The NSW government has established a framework for replacing the emergency services levy with an alternative based on land values but does not have a preferred model among five options, a discussion paper says...
Judgment reserved in ASIC case against IAG
04 May 2026
Federal Court hearings have concluded in the Australian Securities and Investments Commission case against IAG over home insurance loyalty discounts...
Cyclone pool coverage reaches 3.2 million sites
04 May 2026
The latest cyclone reinsurance pool data shows about 3.2 million properties with an aggregate exposure of more than $2.4 trillion were covered at December 31...
NSW committee calls for reforms after CTP review
04 May 2026
The latest NSW compulsory third party scheme review has recommended trauma training for all claims managers and a requirement for insurers to make clear how people can participate in decision reviews...
State consults on overhaul of injured workers’ rights
04 May 2026
Victorians can provide feedback on a new draft code of claimants’ rights under the state workers’ compensation scheme...
Supervisors weigh approaches to fair value
04 May 2026
The International Association of Insurance Supervisors is seeking feedback on a draft issues paper about consumer value for money...