18 July 2011
Regulatory recognition that will allow Australian and New Zealand brokers to practise on both sides of the Tasman may be as little as 12 months away, according to Financial Markets Authority…
18 July 2011
The parliamentary committee inquiring into the insurance industry’s response to natural disasters has extended the date for submissions and online survey responses to August 12…
18 July 2011
New Zealand employers could soon reap the benefits of the country’s reduction in accident compensation claims, improved rehabilitation services and increased investment returns, with the…
11 July 2011
The work of the three-member Natural Disaster Insurance Review panel is a “once in a generation” opportunity to address and solve the problems associated with flood insurance…
11 July 2011
The International Association of Insurance Supervisors is proposing more effective global supervision of insurers…
11 July 2011
Attorney-General Robert McClelland has highlighted the need for all Australians living in areas of high bushfire risk to have access to mitigation tools…
11 July 2011
WorkCover WA has opened the application process for insurers to renew their approvals to issue workers’ compensation policies…
11 July 2011
The University of NSW will host a new $41 million Centre for International Finance and Regulation to link academics, regulators and government with the financial services industry…
04 July 2011
Assistant Treasurer Bill Shorten has hit out at the “unacceptably and substantially higher” rate of insurance disputes for claims over the Queensland floods when compared to other natural disasters…
04 July 2011
The Victorian Government is still undecided on how to implement a property-based fire services levy…
04 July 2011
Australian-regulated financial services companies will still be allowed to provide advice to New Zealand clients without having to be registered with the new Financial Markets Authority…
04 July 2011
Assistant Treasurer Bill Shorten shows little sign of backing down on the key sticking points in Treasury’s proposed Future of Financial Advice financial services reforms…
04 July 2011
The Senate report into state government insurance arrangements and the flood levy has again been delayed, due to a further hold-up by the Queensland Government…
27 June 2011
New Zealand insurance brokers’ peak body is going to court to test allegations that some insurance policies are “cheating” in the way they apply the fire services levy…
27 June 2011
The International Accounting Standard Board and the Financial Accounting Standards Board have agreed the residual margin in insurance contracts should not be locked in at inception…
27 June 2011
The Insurance Brokers Association of New Zealand has attacked the NZ Government’s plan to charge the insurance industry to cover the cost of regulating it…
27 June 2011
WorkCover NSW has announced a target collection rate of 1.68% of wages in 2011/12…
27 June 2011
New Zealand’s Accident Compensation Corporation expects a surplus of $NZ2.5 billion ($1.9 billion) for the 2010/11 financial year, which will enable it to reduce its deficit and reduce levies…
27 June 2011
New Zealand has revised its accounting treatment of insurance and reinsurance claims resulting from 2010 and 2011’s Christchurch earthquakes to better reflect the country’s economic position…
20 June 2011
The federal parliamentary inquiry into the insurance industry’s response to natural disasters is seeking submissions by July 15 and will visit affected regions later this year…