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Regulatory & Government

ASIC to offer immunity for misconduct informers

1 March 2021

The Australian Securities and Investments Commission will offer immunity to people who inform the regulator about misconduct they have engaged in with others and are prepared to co-operate on investigations and court action...

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ASIC files charges against Allianz, subsidiary

1 March 2021

The corporate regulator has pressed ahead with criminal proceedings against Allianz and its subsidiary AWP for allegedly making false or misleading statements to customers who were sold travel insurance products between 2016 and 2018...

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Wivenhoe class action members secure $440 million partial settlement

1 March 2021

The Wivenhoe and Somerset class action has been partially settled for $440 million after a compensation agreement was reached with the Queensland Government and its statutory body, SunWater, law firm Maurice Blackburn announced last week...

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Personal Injury Commission begins operation

1 March 2021

The NSW Personal Injury Commission has officially started operation, creating a new tribunal and “one-stop shop” for disputes related to the workers’ compensation and compulsory third party insurance schemes...

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RBNZ publishes Canterbury quakes study

1 March 2021

A detailed study of the ten years since the Canterbury earthquake sequence that devasted New Zealand a decade ago has revealed insurers struggle to accurately estimate claim costs and to quantify uncertainty...

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