Brought to you by:

Regulatory & Government

APRA plans insurance data revamp

25 February 2013

The Australian Prudential Regulation Authority is proposing an overhaul of its general and life insurance data publications and says it wants all statistics submitted by general insurers to be non-confidential…

ASIC wants flood option on all policies

25 February 2013

About 80% of people are able to access flood cover in their insurance policies, but the figure should be 100%, according to the Australian Securities and Investments Commission…

Regulator seeks CTP overhaul in NSW

25 February 2013

The Motor Accidents Authority has called for an overhaul of the NSW compulsory third party insurance scheme, to make it more efficient and affordable…

ACCC considers NRMA Insurance complaints

25 February 2013

The Australian Competition and Consumer Commission says it is investigating allegations of bullying and harassment against NRMA Insurance…

WorkCover Queensland review extended

25 February 2013

The Queensland parliamentary committee reviewing the state’s workers’ compensation scheme has had its reporting date extended to May 23…

MP calls for pool to fix flood cover issue

18 February 2013

Warren Entsch, the federal MP for the north Queensland seat of Leichhardt, has called on the Federal Government to launch a catastrophe insurance pool similar to the terrorism reinsurance pool to make…

Mortgage insurance needs regulatory revamp

18 February 2013

A group of international financial regulators known as the Joint Forum is recommending a code of practice to keep the lenders’ mortgage insurance sector healthy and functional…

Craig Horsell to be sentenced next month

18 February 2013

Former SA broker Craig Horsell will be sentenced next month on dishonesty charges after the Adelaide District Court last week adjourned his case for further submissions…

Insurers want disaster mitigation, state tax reform

11 February 2013

Disaster mitigation, reform of state taxes and steps to tackle insurance affordability should all be considered in the next Federal Budget, the Insurance Council of Australia says in its submission…

Bushfire research funding to finish mid-year

11 February 2013

Federal Government funds towards the support of the Bushfire Co-operative Research Centre will dry up from July this year, leaving questions about future funding for research…

Insurers want tax overhaul in SA

11 February 2013

Abolishing transactional taxes, including stamp duty on insurance, in favour of increases to payroll and land taxes would provide the South Australian Government with a much needed financial boost…