07 November 2016
The National Insurance Brokers Association has criticised the NSW Government’s plan to phase out broker commissions under its overhaul of the loss-making builders’ warranty insurance scheme…
07 November 2016
The Victorian Managed Insurance Authority is to introduce a new builders’ warranty system next July, and will no longer use QBE as its agent…
07 November 2016
The NSW Government has released a discussion paper aimed at reining in “excessive insurer profits” in its compulsory third party scheme…
07 November 2016
The Australian Securities and Investments Commission warns it will keep an even closer eye on signs of excessive risk culture in the financial sector…
07 November 2016
A Senate inquiry into non-conforming building products will continue after being adopted by the 45th Parliament…
07 November 2016
New surveillance rules proposed by the ACT could hamper investigation of fraudulent claims and increase the cost of cover, the Insurance Council of Australia warns…
07 November 2016
The NSW return-to-work rate has improved over a three-year period, while the overall cost of premiums has fallen, according to an inaugural performance report from the workers’ compensation regulator…
07 November 2016
The Australian Prudential Regulation Authority has written to general insurers seeking feedback on the treatment of Australian Reinsurance Pool Corporation reinsurance recoverables…
07 November 2016
The Motor Accidents Compensation Regulation 2015 has been amended to cap legal costs for NSW compulsory third party claims…
07 November 2016
Reforms to New Zealand’s Earthquake Commission Act will be delayed until next year as the Government grapples with the potential changes…
31 October 2016
Australian insurers will have to replace legacy computer systems as a new global insurance contracts accounting standard takes effect in the next decade…
31 October 2016
The Australian Securities and Investments Commission has amended its record-keeping obligations to ensure advice licensees can adequately monitor and supervise authorised representatives…
31 October 2016
The Australian Prudential Regulation Authority has cautioned against complacency as it outlines risks facing the insurance industry…
31 October 2016
The Australian Securities and Investments Commission has banned former NAS authorised representative Linda Rae Whelan after she was sentenced for fraud and stealing…
31 October 2016
The Insurance Council of Australia has highlighted the need for socially and financially sustainable state workers’ compensation schemes…
31 October 2016
The New Zealand Fire Service Commission has proposed increasing the levy on insurance contracts by almost 40%…
31 October 2016
The Reserve Bank of New Zealand is surveying insurers on the way they assess catastrophe risk exposure, as it considers stepping up its information gathering…
24 October 2016
The Australian Reinsurance Pool Corporation has expressed concern over its financial sustainability, blaming fees and dividends demanded by the Federal Government…
24 October 2016
Reforms to the NSW compulsory third party scheme have been delayed after the legal profession stepped up its campaign against the proposals…
24 October 2016
IAG will pay nearly $7 million in refunds to customers and donations to emergency organisations over charging errors related to the NSW emergency services levy…