15 October 2012
The Insurance Council of Australia has outlined three transition frameworks for the NSW Government to consider in abolishing its emergency services levy on insurance in favour of a property-based tax…
15 October 2012
The Actuaries Institute says there is “no clear relationship” between insurance premiums and the cost of providing emergency services in NSW, and funding should instead come from multiple sources…
15 October 2012
A Melbourne insurance broker has appeared in court charged with stealing more than $675,000 of clients’ premiums…
15 October 2012
WorkSafe Victoria says employers’ average premiums are at a record low 1.298% of wages for the current financial year after claims fell to 10.17 per 1000 workers in 2011/12…
15 October 2012
The Insurance Council of Australia has asked the NSW Government to clarify proposed changes to regulations on property, stock and business agents’ professional indemnity insurance…
08 October 2012
Registrable super entities must lodge insurance strategies for MySuper products six months before the Australian Prudential Regulation Authority’s new standard takes effect…
08 October 2012
The International Accounting Standards Board wants more industry feedback on its proposals for insurance contracts…
08 October 2012
Complaints and enquiries to New Zealand’s Insurance and Savings Ombudsman rose 74% in the year to June 30 as consumers and insurers disputed Christchurch earthquake claims…
08 October 2012
The NSW Government has appointed a WorkCover independent review officer, following the introduction of an external complaints resolution process for its workers’ compensation scheme…
08 October 2012
WorkCover WA’s new conciliation and arbitration scheme is improving dispute management and enabling more timely outcomes, according to Chairman Greg Joyce…
01 October 2012
The Australian Prudential Regulation Authority has issued a draft guide on capital standards for general and life insurers…
01 October 2012
Advisers and brokers selling life insurance outside superannuation funds will be exempt from the Australian Securities and Investments Commission’s proposed rules on conflicted remuneration…
01 October 2012
Insurers’ boards are dealing better with risk management, but much work still needs to be done, according to Australian Prudential Regulation Authority Executive Member Ian Laughlin…
01 October 2012
The Australian Securities and Investments Commission has banned a Melbourne financial adviser for not having professional indemnity insurance…
01 October 2012
Life insurance payments from a dead member of a MySuper product can be held in an investment option until distribution to beneficiaries, the Australian Prudential Regulation Authority says…
01 October 2012
A joint meeting of global regulators has issued new principles for supervising financial conglomerates…
01 October 2012
Tasmania’s Motor Accidents Insurance Board will hold off raising compulsory third party premiums next year after a fall in claims…
01 October 2012
WorkCover Queensland says it maintained a “fully funded position” in 2011/12, posting an operating profit of $199.64 million – up from a $41.71 million loss the previous year…
01 October 2012
International Organisation of Securities Commission Chairman Masamichi Kono says the benchmarks for financial contracts must be market-driven…
24 September 2012
The Federal Government has criticised the insurance arrangements of the NT, Tasmanian, Queensland and NSW governments…