17 February 2014
The “one-size-fits-all” regulatory approach is inappropriate for brokers and incurs unnecessary costs, the National Insurance Brokers Association will tell the financial services inquiry…
17 February 2014
Federal government investigations into professional indemnity (PI) insurance for financial advisers should consider the industry’s regulatory complexity, Aon Hewitt Wealth Management…
17 February 2014
The forthcoming financial system inquiry will examine competition in the insurance sector and cyber risk…
17 February 2014
Insurers are still failing to give policyholders clear information that enables them to compare base premiums, according to Victoria’s Fire Services Levy Monitor Allan Fels…
17 February 2014
Reforms to SA’s compulsory third party scheme have been vigorously defended by the State Government following criticism from a legal group…
17 February 2014
Treasury predicts the financial services inquiry will cost $3.6 million this financial year, which it is looking to cover in this year’s budget…
10 February 2014
Federal Treasury is investigating whether insurers should establish an aggregator site comparing prices for home and contents cover and strata insurance in north Queensland…
10 February 2014
The Federal Government says it has no plans to review the Financial Ombudsman Service’s activities, contrary to reports…
10 February 2014
Insurers have questioned new board-level risk requirements from the Australian Prudential Regulation Authority that involve the use of catastrophe modelling…
10 February 2014
Insurance Brokers Association of New Zealand CEO Gary Young has joined the board of dispute resolution scheme Financial Service Complaints Limited…
10 February 2014
Insurers are supporting moves to streamline WorkCover WA claims settlement and give injured workers quick access to injury management, the Insurance Council of Australia says…
10 February 2014
The Law Society of SA has criticised the State Government over changes to compulsory third party motor insurance…
10 February 2014
The NT Government has extended a public comment period for its workers’ compensation scheme review until February 28…
03 February 2014
The Australian Prudential Regulation Authority has rejected industry calls for the role of chief risk officer to be undertaken by insurers’ chief actuaries…
03 February 2014
General insurance brokers will be required to satisfy only basic best-interests obligations, under a bill amending the Future of Financial Advice legislation…
03 February 2014
IAG has told New Zealand’s Commerce Commission that its takeover of Lumley New Zealand’s operations will not substantially reduce competition…
03 February 2014
The Productivity Commission is to hold an inquiry into national disaster funding arrangements…
03 February 2014
South Australians will be able to sue their employers at common law under a major redesign of the state’s workers’ compensation scheme…
03 February 2014
The Australian Reinsurance Pool Corporation has named Fran Raymond as its new CFO…
03 February 2014
The Australian Securities and Investments Commission has permanently banned broker and convicted fraudster Bruce Wickett from providing financial services…