Legal threat ‘makes councils cave in’ on risky developments
13 October 2014
Land use planning is the “problem child” of natural disaster management, according to Productivity Commissioner Karen Chester…
Regulatory & Government
Aggregator ‘no solution’ to north Queensland affordability
13 October 2014
Mandatory participation in an insurance comparison site will not solve the problem of high premiums in disaster-prone northern Queensland, according to Allianz GM Corporate Affairs Nicholas Scofield…
APRA passes parliamentary check-up
13 October 2014
Federal MPs have given the Australian Prudential Regulation Authority the nod of approval following its first parliamentary review since 2004…
SA adviser pleads guilty over false applications
13 October 2014
Banned financial services adviser Barry David Hassell has admitted dishonest conduct, including submitting false insurance applications…
APRA to review expectations on insurer boards
13 October 2014
The Australian Prudential Regulation Authority plans to review its requirements for the boards of insurance companies…
APRA tweaks risk management standard
13 October 2014
The Australian Prudential Regulation Authority says a new risk management standard should take effect in January following amendments to address potential problems flagged…
Councils warn of premium burden under disaster funding reforms
06 October 2014
Councils fear their insurance premiums will soar if the Productivity Commission’s interim report on natural disaster funding is implemented in full…
ASIC bans ‘dishonest’ NSW broker
06 October 2014
An insurance broker has been banned after an Australian Securities and Investments Commission investigation found he engaged in dishonest conduct…
ICNZ questions quarterly data collection plan
06 October 2014
Insurers are to raise concerns about quarterly data reporting requirements proposed by the Reserve Bank of New Zealand…
NSW raises cap on motor injury claims
06 October 2014
The NSW Government has raised the upper limits on damages for motor accident injuries or death under its compulsory third party scheme…
Medcraft wins new term as IOSCO chief
06 October 2014
Greg Medcraft has been re-elected as Chairman of the International Organisation of Securities Commissions…
Online quiz puts finance credentials to the test
06 October 2014
This is one for hardcore trivia buffs. The International Financial Reporting Standards Foundation has developed an online quiz to test people who fancy themselves as finance specialists…
Commission calls for more mitigation spending
29 September 2014
Natural disaster funding arrangements should be reversed, to place the emphasis on risk mitigation rather than nationally funded relief and recovery after events, the Productivity Commission says…
Insurers back call for natural disaster funding overhaul
29 September 2014
The insurance industry has welcomed the Productivity Commission’s draft report on natural disaster funding…
Harper to consult further on competition
29 September 2014
The Harper Competition Policy Review will hold public forums next month and has called for further submissions…
ARPC findings due in new year
29 September 2014
A report on the future of the Australian Reinsurance Pool Corporation (ARPC) will be delivered to Treasurer Joe Hockey by January 23…
Judge criticises ASIC as fraudulent broker is sentenced
29 September 2014
Adelaide broker Paul Meier has been given a suspended jail sentence of three years and seven months for making fake loan applications in clients’ names…
IAIS sets out capital standard principles
29 September 2014
The International Association of Insurance Supervisors has established 10 principles to guide development of its risk-based global capital standard…
IAIS targets harmonisation on insurers’ losses
29 September 2014
The International Association of Insurance Supervisors says treatment of losses among global systemically important insurers (GSIIs) should be comparable across all regions…
SA workers’ comp bill ‘paves way for improvement’
22 September 2014
The SA Government’s workers’ compensation reforms provide an opportunity for positive change, according to Employers Mutual…