EML videos explain workers’ compensation claims process
25 March 2024
EML Group has produced a series of videos to help employers understand the claims process...
Regulatory & Government
New WA workers’ compensation laws start in July
25 March 2024
The revamped WA workers’ compensation regime will start on July 1 after the state’s parliament passed the reforms last year...
Standardised definitions ‘won’t solve everything’
18 March 2024
Standardised definitions of natural hazard terms could reduce confusion, but won’t solve all coverage and claims issues, Treasury has warned a Federal Government Inquiry into insurers’ responses to the 2022 floods...
‘Take ownership of challenges’: APRA urges industry to step up
18 March 2024
The Australian Prudential Regulation Authority has urged insurers to “take ownership” of the raft of challenges facing the industry, saying the actions they take are key to the future of their sector...
Hazards partnership plans for year of progress
18 March 2024
The Hazards Insurance Partnership of government and industry representatives has set out its focus areas for this year...
New Zealand to consult insurers on climate adaptation
18 March 2024
New Zealand’s government is working on a Climate Adaptation Framework and plans to invite input from insurers and banks later this year, Small Business and Manufacturing Minister Andrew Bayly says...
Regulators seek submissions on Financial Accountability Regime
18 March 2024
The prudential and corporate regulators have released a consultation paper on proposed Financial Accountability Regime rules and draft key descriptions for insurance and superannuation entities...
Canberra seeks input on climate change response
18 March 2024
The Federal Government has released a National Climate Risk Assessment and is seeking feedback as it prepares to develop an adaptation blueprint...
AFCA to make rule changes from July
18 March 2024
The Australian Financial Complaints Authority will implement updated rules and operational guidelines in July to give it more clarity and capacity to manage disputes...
Watchdog places order on steel maker’s self-insurance
18 March 2024
The NSW State Insurance Regulatory Authority has imposed special licence conditions on steel manufacturer Liberty Holdings Australia’s workers’ compensation self-insurance licence, amid concerns about its practices...
Treasury flags revised standard cover regime
11 March 2024
Federal Treasury has proposed restricting the standard cover regime to home building insurance only and mandating that insurers offer a baseline level of policyholder protection...
Swiss Re, Treasury, Lloyd’s to appear at floods inquiry
11 March 2024
The Federal Parliamentary inquiry into insurers’ responses to the 2022 floods has scheduled a full-day hearing for this Friday, with industry and government executives set to appear...
ICA joins key levy reform advisory group
11 March 2024
Insurance Council of Australia CEO Andrew Hall has been selected to join a special advisory group helping the NSW Government shape critical Emergency Services Levy reforms...
Accountability regime rules finalised
11 March 2024
The Federal Government has finalised rules for the Financial Accountability Regime, which starts on Friday for the banking sector and from March next year for insurance and superannuation...
Victoria widens scheme for victims of collapsed builders
11 March 2024
The Victorian Government is extending its scheme to help people stranded by insolvent home builders that failed to take out insurance on their behalf, as required by law...
ACCC rules out appeal over Suncorp Bank sale
11 March 2024
The Australian Competition and Consumer Commission will not appeal against the decision to approve the $4.9 billion sale of Suncorp Bank to ANZ...
Reform deal puts freeze on Victorian WorkCover premiums
11 March 2024
Victorian businesses’ WorkCover premiums will be frozen for a year under a political deal to get a modernisation bill for the scheme passed...
Dutton fills frontbench finance position
11 March 2024
The Federal Coalition has appointed Luke Howarth as Shadow Assistant Treasurer and Shadow Minister for Financial Services, replacing Stuart Robert, who resigned last May...
Victoria announces latest risk mitigation grants
11 March 2024
Victorian communities will receive more than $9 million in funding for risk mitigation projects under joint state and federal grants...
ICA questions ‘prohibitive’ education level in advice reforms
04 March 2024
The Insurance Council of Australia warns a proposed qualification level for a new class of advisers could be counterproductive in some scenarios...