13 March 2017
Compulsory third party reforms aimed at streamlining the claims process, cutting fraud and reducing premiums were introduced to the NSW Parliament last week after the measures were delayed last year…
13 March 2017
The move to a property-based emergency services funding regime on July 1 will end an “unfair and illogical” system that has penalised NSW property insurance policyholders, the Insurance Council of Australia says…
13 March 2017
The NSW Government has been urged to establish a “one stop shop” to resolve workers’ compensation disputes…
13 March 2017
Cairns MP Rob Pyne has joined calls to resurrect Queensland’s State Government Insurance Office (SGIO) to tackle allegedly unaffordable home insurance premiums in northern Australia…
13 March 2017
“Conduct risk” and the integrity of financial market benchmarks remains a high enforcement priority for the Australian Securities and Investments Commission, according to its report for the last half of 2017…
13 March 2017
The International Association of Insurance Supervisors is to undertake a major global consultation on its proposed revisions to a number of Insurance Core Principles…
06 March 2017
QBE has joined the chorus against a mandatory independent comparison service for general insurance, but has flagged potential options for increasing transparency…
06 March 2017
Revenue and Financial Services Minister Kelly O’Dwyer has urged insurers to reconsider the blanket mental health exclusions in travel insurance policies…
06 March 2017
The NSW workers’ compensation scheme operator started directly providing quotes and selling cover to new businesses last week, as part of a wider overhaul to the system…
06 March 2017
CGU decided to withdraw from the NSW workers’ compensation scheme because reforms to the scheme mean the risks and returns will “fall short of the company’s requirements”…
06 March 2017
Mixed-used and high-value residential buildings will be covered under the Terrorism Insurance Act from July 1, the Australian Reinsurance Pool Corporation says…
06 March 2017
New Zealand’s Insurance & Financial Services Ombudsman wants a review of insurance regulations regarding unintentional non-disclosure…
06 March 2017
Recreational drone users may face greater third-party liability risk under regulations introduced last September, the Insurance Council of Australia says…
27 February 2017
The Australian Securities and Investments Commission will review insurers’ surveillance and investigation techniques, according to Chairman Greg Medcraft…
27 February 2017
The insurance industry has slammed the idea of a government-run comparison website for home and motor cover…
27 February 2017
The National Insurance Brokers Association says draft legislation for industry funding of the Australian Securities and Investments Commission fails to allay fears over a planned levy…
27 February 2017
Progress on reforming inefficient insurance taxes has stalled, according to Shadow Minister for Small Business and Financial Services Katy Gallagher…
27 February 2017
The Insurance Council of New Zealand has asked Internal Affairs Minister Peter Dunne to explain how he intends to fund a proposed new national emergency service provided by Fire and Emergency New Zealand…
27 February 2017
The Australian Competition and Consumer Commission will increase its focus this year on misleading and deceptive practices, anti-competitive conduct and unfair contract terms affecting small businesses…
27 February 2017
Brokers will decide whether it is feasible to continue providing services in the NSW builders’ warranty scheme when the commission-based remuneration system is phased out from April 3, the National Insurance Brokers Association says…