Scammers offer fire services levy ‘refund’
16 December 2013
Victoria’s fire services levy has become the latest vehicle for a scam to obtain consumers’ bank account details…
Regulatory & Government
ICA calls for clarification on key facts sheets
09 December 2013
The Insurance Council of Australia says key facts sheets should not extend to landlord policies, which have their own particular characteristics…
PI premiums to rise as Victoria rights wrongs
09 December 2013
The Victorian Competition and Efficiency Commission has called for comments on proposed personal injury law reforms that could raise public liability and professional indemnity insurance premiums by up to 4%…
Comcare opened to more self-insurers
09 December 2013
The Federal Government has opened the Commonwealth workers’ compensation scheme Comcare to more companies that want to self-insure…
Medcraft defends IOSCO job
09 December 2013
Australian Securities and Investments Commission Chairman Greg Medcraft has defended his role with the international regulators’ body, arguing he gives Australia a voice at the negotiating table…
New Zealanders back CTP proposal
09 December 2013
Most New Zealanders support compulsory third-party car insurance for all drivers, according to a national survey…
Insurance adds to APRA strength: Laker
02 December 2013
The Australian Prudential Regulation Authority is stronger as a result of having insurance as part of its brief, according to Chairman John Laker…
Judge criticises Victorian WorkCover litigation record
02 December 2013
The Victorian WorkCover Authority should be more realistic about its prospects of success before proceeding with costly and time-consuming litigation, a senior judge says…
EQC class action moves step nearer
02 December 2013
About 200 people have expressed an interest in joining a group action against New Zealand’s Earthquake Commission, following a public meeting in Christchurch last week…
NZ accident scheme flags large levy cuts
02 December 2013
New Zealand’s Accident Compensation Corporation has recommended significant levy cuts for employers and workers next financial year, plus a 5% cut for all car owners…
Advisers keeping NZ regulator busy
02 December 2013
New Zealand financial advisers accounted for 26% of enforcement action taken by the Financial Markets Authority in the last financial year…
Industry wants financial inquiry to consider risk
25 November 2013
The insurance industry believes that while the focus of next year’s financial system inquiry is skewed towards banking, it provides an opportunity to examine risk management and financing…
NSW to hold car repairs inquiry
25 November 2013
The NSW Government has announced an inquiry into motor vehicle repair work in the state, covering insurer relationships and contracts with repairers…
Reinsurance pool names new CEO
25 November 2013
Chris Wallace will become Australian Reinsurance Pool Corporation CEO from December 9…
Property premiums to drop in Victoria: FSL Monitor
25 November 2013
Victoria’s Fire Services Levy Monitor expects policyholders renewing this quarter to see significant reductions on total premiums…
ICA wants greater powers for WA motor inspectors
25 November 2013
WA regulators should have greater inspection and enforcement powers over motor vehicle dealers and repairers, the Insurance Council of Australia has told an inquiry by the state’s Department of Commerce…
RBNZ puts conditions on four insurers
25 November 2013
The Reserve Bank of New Zealand has placed conditions on the capital or solvency requirements of four insurers due to risks associated with their Canterbury earthquake claims…
ICNZ backs emergency management change
25 November 2013
Disaster co-ordination and planning will be improved by transferring the Ministry of Civil Defence and Emergency Management to the Department of Prime Minister and Cabinet…
NSW to reform strata insurance laws
18 November 2013
The NSW Government will crack down on insurance commissions to strata agents by introducing legislation on disclosure and sanctions for breaches…
Minister defends ACT flood maps delay
18 November 2013
The ACT Government has been quizzed over delays to online flood maps that would enable residents to check the risk level of their homes…