Earthquake Commission proposes pricing for risk, dropping contents cover
06 February 2012
New Zealand’s Earthquake Commission wants to introduce differential pricing to reflect risk…
Regulatory & Government
NIBA continues fight for ending stamp duty on policies
06 February 2012
The National Insurance Brokers Association has again called on federal and state governments to abolish taxes on policies…
WA OHS change to fix ‘legal uncertainty’
06 February 2012
The WA Parliament will again amend workers’ compensation laws after recent changes caused confusion among employers and in legal circles…
Government proposes director liability changes
30 January 2012
The Federal Government plans to repeal the section of the Insurance Contracts Act that applies liability to directors, employees or agents if they authorise a breach of the regulations…
Dam revelations extend inquiry
30 January 2012
Further hearings of the Queensland Floods Commission of Inquiry have been scheduled for this week and next week after revelations the Wivenhoe Dam’s operators were too slow in releasing water…
Unfair terms laws may include in insurance contracts
30 January 2012
The Federal Government is considering extending the unfair contract terms law to include insurance policies…
Motor theft body welcomes property register
30 January 2012
The National Motor Vehicle Theft Reduction Council has welcomed the inauguration of the Federal Government’s new Personal Property Securities Register…
Extension for group purchasing class order
30 January 2012
The Australian Securities and Investments Commission has extended the deadline for group purchasing bodies to meet with breach reporting conditions…
APRA still interested in mutual fund returns
30 January 2012
The Australian Prudential Regulation Authority wants discretionary mutual funds to continue submitting financial data, including insurance costs, for the 2011 financial year…
APRA revamps GI reporting bulletins
30 January 2012
The Australian Prudential Regulation Authority is scrapping its half-year report on the general insurance industry…
Shorten promoted, but keeps financial services
12 December 2011
Bill Shorten will retain his oversight of the insurance sector following his appointment today as Federal Employment and Workplace Relations Minister in a Federal ministry reshuffle…
Keelty to lead WA fire inquiry
12 December 2011
Former Australian Federal Police commissioner Mick Keelty will head an inquiry into the Margaret River bushfires that destroyed 41 homes and burned out more than 3400 hectares of land…
Victorian emergency services to be overhauled
12 December 2011
A report into last summer’s $1.3 billion flood disaster in Victoria has recommended sweeping changes to the way emergency services work together. It has also called for changes to the methods of collecting…
Draft prudential standards issued for general and life insurers
12 December 2011
The Australian Prudential Regulation Authority has issued a response paper and 14 draft prudential standards as part of its review of capital standards for general and life insurers…
APRA releases new forms for Level 2 insurers
12 December 2011
The Australian Prudential Regulation Authority has released nine new reporting forms for Level 2 insurance groups…
APRA appoints new divisional chiefs
12 December 2011
The Australian Prudential Regulation Authority has appointed two new EGMs, one to its diversified institutions division and another to its supervisory support division…
FMA completes team with two further appointments
12 December 2011
The New Zealand Financial Markets Authority has finalised its strategic leadership team with two further appointments in its Auckland office…
Reinsurance levels up 50% after floods, APRA says
05 December 2011
The most significant impact of the year’s natural disasters on the industry has come from reinsurance, reinstatements and renewals, Australian Prudential Regulation Authority Executive Member…
Government puts flood cover into law
05 December 2011
As is becoming the norm for financial services bills, the Federal Government has quietly introduced the flood cover amendments to the Insurance Contracts Act…
Flood report in hands of Victorian Government
05 December 2011
The Victorian Government has received the Comrie review into last summer’s floods but as yet has no plans to release it publicly…