26 March 2012
Treasury has given its strongest signal yet that the Federal Government is unlikely to offer subsidies to help make insurance premiums for properties in high flood risk areas more affordable…
26 March 2012
The Australian Competition and Consumer Commission will be asked to investigate the use of intermediaries in negotiating strata property cover…
26 March 2012
The parliamentary committee investigating strata insurance in Far North Queensland has called for a state government moratorium on stamp duty in 2012/13…
26 March 2012
WorkSafe Victoria almost doubled its insurance profit for the six months to December 31, but poor investment returns ran it into a net loss…
26 March 2012
New Zealand’s state-owned Accident Compensation Corporation has launched an independent inquiry into a privacy breach after a claimant was mistakenly sent details of more than 6700 cases…
19 March 2012
The Federal Government has dropped the requirement for insurers to send clients details of flood cover on renewals…
19 March 2012
The Federal Opposition has criticised the Government for not including a flood definition in the Insurance Contracts Amendment Bill…
19 March 2012
The Australian Prudential Regulation Authority has delayed the start of the “horizontal requirements” of the Insurance Concentration Risk Charge until January 1 2014…
19 March 2012
A senate committee looking at the Future of Financial Advice reforms has called on Treasury to provide guidance on conflicted remuneration for consumer credit insurance…
19 March 2012
The Victorian Government is considering merging the two state-owned accident schemes, WorkSafe and the Transport Accident Commission…
19 March 2012
NSW MP Deb O’Neill has been appointed as the new Chairman of the Parliamentary Joint Committee on Corporations and Financial Services…
12 March 2012
A Federal Government review of the states’ disaster insurance says some of them are using the Commonwealth’s disaster arrangements as their insurer or reinsurer, rather than buying adequate cover for their assets…
12 March 2012
The Australian Securities and Investments Commission has banned a Sydney financial adviser who falsified more than 60 life insurance policies to collect commissions…
12 March 2012
The New Zealand Government has appointed board members to Southern Response Earthquake Services – the government-owned body set up to handle the residual parts of AMI Insurance following its sale to IAG NZ…
12 March 2012
The NSW Government has appointed international law specialist Ros Grady as CEO of the new Centre for International Finance and Regulation…
12 March 2012
The financial accounting standards boards have agreed to issue guidance on how insurers should treat infrequent insured events in insurance contracts…
05 March 2012
The House of Representatives Social Policy and Legal Affairs Committee’s report into the insurance response to natural disasters has recommended that the Government give the…
05 March 2012
The industry has until March 23 to comment on the proposed key facts sheet that insurers will be required to give to consumers seeking home building and contents cover…
05 March 2012
Consumers will have to pay for the Future of Financial Advice changes, because the industry doesn’t have the margins to absorb those costs…
05 March 2012
If life insurance commission are not banned within superannuation, advisers could exploit fund members to earn more income, according to an industry superannuation body…