Ex-ASIC manager to oversee ICA code review
22 May 2017
Former Australian Securities and Investments Commission GM Phil Khoury has been appointed to provide independent oversight for the General Insurance Code of Practice review…
Regulatory & Government
IMF flags NZ insurance regulation gaps
22 May 2017
An International Monetary Fund assessment of New Zealand’s financial system has highlighted “significant gaps” in insurance regulation…
Insurers regret meagre mitigation investment
15 May 2017
The Insurance Council of Australia has criticised the federal budget for falling desperately short in its commitment to disaster mitigation spending…
Canberra invests in cyber-security unit
15 May 2017
The Federal Government will invest $10.7 million over four years to set up the Cyber Security Advisory Office to enhance the country’s digital defences…
Victoria floats stamp duty removal for home policies
15 May 2017
A Victorian Government discussion paper on increasing insurance among low-income earners flags removal of the 10% stamp duty on home policies as an option…
Insurers to make ESL pledge at Fels inquiry
15 May 2017
Insurers will reinforce their plans to remove the NSW emergency services levy from property policies at a public inquiry tomorrow…
Government opens disaster resilience website
15 May 2017
The Federal Government has unveiled its online Disaster Resilience Knowledge Hub…
ICA wants independent oversight of CTP liability
15 May 2017
An independent body should be appointed to set the “price of liability” when NSW moves to a hybrid no-fault compulsory third party scheme in December, the Insurance Council of Australia says…
icare pilots medical panel to cut treatment delays
15 May 2017
Insurance & Care NSW is trialling a medical support panel to reduce processing times for treatment in workers’ compensation claims from up to six weeks to a few days…
APRA appoints insurance unit leader
15 May 2017
Jane O’Doherty has been appointed to lead a new team bringing together the Australian Prudential Regulation Authority’s governance, operational and insurance risk specialists…
NSW reveals Hawkesbury-Nepean flood plan
08 May 2017
The NSW Government has released a long-term plan to mitigate flooding in the Hawkesbury-Nepean Valley…
Victoria removes stamp duty on farm cover
08 May 2017
The Victorian Government will remove a 10% stamp duty on agricultural insurance products, making it more affordable for farmers to cover crops, livestock and machinery…
ASIC’s funding formulas scrutinised
08 May 2017
Insurers and brokers are reviewing draft Treasury regulations that impose levies to fund the Australian Securities and Investments Commission…
NZ taxpayers slam emergency services levy
08 May 2017
New Zealand’s Taxpayers’ Union has attacked a 40% rise in insurance levies to fund the new national emergency service, echoing the claim that policyholders are unfairly penalised…
icare helps expands recovery program for police
08 May 2017
NSW has added a mental health and resilience component to its police force’s reconditioning, rehabilitation and fitness program…
QBE misses out as icare puts faith in EML
01 May 2017
Insurance & Care NSW has selected EML as its sole workers’ compensation agent for new claims from next January 1…
Insurers sign ESL removal pledge
01 May 2017
Insurance company CEOs have signed a declaration vowing they will not apply the emergency services levy on NSW policies after its required removal in July…
ARPC hosts terror risk seminar
01 May 2017
Security experts will discuss current and emerging threats at the Terrorism Risk Insurance Seminar on October 5…
NZ insurers ‘prepared for catastrophe’
01 May 2017
Most New Zealand insurers assess and manage catastrophe risk appropriately, according to a report from the nation’s central bank…
Queensland CTP ‘in good health’
01 May 2017
An independent review has concluded Queensland’s compulsory third party insurance scheme is strong and does not require major reform…