08 November 2010
The Australian Securities and Investments Commission is reviewing consumer credit insurance direct marketing operations following complaints about Citigroup products sold through telephone sales…
08 November 2010
The Australian Prudential Regulation Authority is looking closely at how general and life insurers are stress-testing their operations and the impact it will have on their capital reserves…
08 November 2010
The last of the jailed HIH trio of executives, Brad Cooper, has been released from jail after serving five years for dishonestly obtaining $6.7 million from the insurer just before its collapse…
01 November 2010
Doctors refusing to treat injured workers say an urgent review of Victoria’s WorkCover scheme is “desperately needed” to cut government bureaucracy…
01 November 2010
General insurers are being urged to comment on a discussion paper examining the issuing of product disclosure statements during telephone sales…
01 November 2010
The Federal Government has announced a $26 million boost to Queensland’s ability to cope with natural disasters…
25 October 2010
After a global search, the NZ Government has recruited an expert from Australia – who is a Kiwi – to head its new Financial Markets Authority…
25 October 2010
Insurance and financial services have bucked a business downturn to grow their numbers until the end of the 2009 financial year…
25 October 2010
Business leaders have united to condemn plans by the NSW Government not to honour the national agreement to harmonise occupational health and safety laws…
18 October 2010
Federal Treasury will consult with the life insurance industry before issuing a proposal on commissions next year…
18 October 2010
Premium funder Principal Finance says it has gained an exclusion from the new National Credit Code…
18 October 2010
A national theft reduction body says a NSW ban on re-registering written-off vehicles is “a step forward” in efforts to stop car re-birthing across the state…
11 October 2010
The Federal Government has agreed to spend $12.5 million on disaster resilience initiatives in Queensland, SA and WA…
11 October 2010
An ACT Government plan to cap compulsory third party and workers’ compensation pay-outs in a bid to open up the market will “unfairly disadvantage” accident victims…
11 October 2010
Insured Group has been hit with a $NZ7500 ($5,728) fine for failing to have two NZ directors on its board earlier this year…
11 October 2010
Outgoing Association of Financial Advisers President Jim Taggart has called on the Federal Government to act fairly on commissions…
04 October 2010
The Insurance Council of Australia will “monitor” the Federal Government’s proposed business roundtable on climate change…
04 October 2010
The Australian Prudential Regulation Authority has released a new technical paper reviewing its capital requirements for general insurers – one of a series outlining the regulator’s proposals to update general and life insurers’ capital standards…
04 October 2010
WorkCover Queensland has reported a loss of $259 million for the 2009/10 financial year, an improvement on the previous year’s $567 million loss…
04 October 2010
The NZ legal profession says powers delegated to ministers under the new Canterbury Earthquake Response and Recovery Act are potentially at odds with the rule of law…