26 November 2012
Australia’s “sound, resilient and well-managed” financial system remains at risk from global uncertainty, regulatory gaps and insufficient funding for the corporate watchdog, according to the…
26 November 2012
Sentencing of Rural & General Insurance Brokers founder Charles Pratten was again postponed last week, following two earlier delays…
26 November 2012
The proposed global insurance contracts accounting standard could have significant implications for insurers, but they may not achieve the level of transparency required, Swiss Re says…
26 November 2012
The National Injury Insurance Scheme Advisory Group has produced a series of principles covering the design and introduction of the program, which follows reforms recommended by a…
19 November 2012
Work to expand and centralise flood data for future studies is well under way, according to the Federal Government’s response to the Queensland floods inquiry…
19 November 2012
The Federal Government this morning launched the National Flood Risk Information Portal online…
19 November 2012
Former insurance broker Craig John Horsell will be sentenced in December after admitting three charges of dishonestly using his position to authorise payments into his personal bank account…
19 November 2012
The Victorian Government is proposing fines of up to $500,000 for individuals and $10 million for companies that take advantage of consumers during the transition from the fire services levy…
19 November 2012
South Australia is the latest state to take out terrorism insurance after a drop in the cost of cover…
19 November 2012
General insurers must ensure comparison advertisements feature products with sufficiently similar attributes, according to new regulatory guidelines…
19 November 2012
Opening Queensland’s workers’ compensation scheme to the private sector will benefit injured workers and create more competitive premiums, according to Suncorp…
12 November 2012
Earthquake Commission Chairman Michael Wintringham has suggested that private insurers are trying to shift earthquake costs to the state-owned organisation…
12 November 2012
General insurers face the strategic challenge of maintaining profitability in a climate of lower interest rates, higher reinsurance costs and new forms of competition, Australian Prudential Regulation Authority…
12 November 2012
The Australian Prudential and Regulation Authority took 36 enforcement actions related to general insurance in 2011/12, compared with only two the year before…
12 November 2012
The insurance cost of the Canterbury earthquakes has topped the previous estimate of $NZ30 billion ($23.8 billion) as the cost of claims continues to rise…
12 November 2012
The growth in financial services, their increasing complexity and the need for proactive regulation are the three key challenges facing the Australian Securities and Investments Commission, says ASIC…
12 November 2012
The Reserve Bank of New Zealand is about to begin a consultation on financial reinsurance agreements…
05 November 2012
The Australian Prudential Regulation Authority has acted on industry concerns about general insurance capital standards reporting…
05 November 2012
Rising insurance premiums have flowed through to the Australian Reinsurance Pool Corporation, which made an operating profit of $83.49 million for the 12 months to June 30, up 36% on the previous…
05 November 2012
Consultation on changes to the funding of NSW’s emergency services has now closed, after it was extended from October 8 to October 31…