18 November 2024
A disjointed regulatory approach to the use of artificial intelligence and automated decision-making could create conflicting requirements, increased compliance burdens and further uncertainty, the Insurance Council of Australia has warned...
18 November 2024
Victoria is cracking down on illicit tobacco sales and organised crime, launching a strict business licensing scheme and “massive consequences” for breaking the law...
18 November 2024
More than 90% of general insurers and reinsurers expect climate change to affect their underwriting, according to an Australian Prudential Regulation Authority survey...
18 November 2024
The Reserve Bank of New Zealand has warned Quest Insurance over failures to comply with prudential rules including maintaining a minimum solvency margin for non-life business...
18 November 2024
New Zealand has passed laws designed to provide better consumer protections, such as requiring insurers to ask the “right questions” and write policies in plain English...
11 November 2024
The Australian Prudential Regulation Authority is canvassing the industry over changes to its reinsurance framework, as it looks for ways to improve premium affordability...
11 November 2024
NSW Fair Trading will introduce an information standard for lithium-ion battery-powered “e-micromobility” products such as e-scooters, e-bikes, e-skateboards, self-balancing hoverboards and associated chargers...
11 November 2024
NSW’s State Insurance Regulatory Authority is evaluating workplace rehabilitation providers used under the workers’ compensation scheme...
11 November 2024
Two remote south Queensland towns hit by bushfires last week have been offered disaster assistance...
04 November 2024
The Australian Securities and Investments Commission will examine the way year-earlier comparison premiums are disclosed in renewal notices...
04 November 2024
The prudential watchdog has increased Pacific International Insurance’s capital requirement by $10 million because of “deficiencies” in its binder holder arrangements...
04 November 2024
Australian Lawyers Alliance NSW president Genevieve Henderson has urged the state government to require private e-scooter owners and councils to have appropriate insurance measures in place...
04 November 2024
The general insurance industry had the second-highest proportion of self-reported breaches to the Australian Securities and Investments Commission last financial year, accounting for 25% of the total...
04 November 2024
More than 1600 apartment blocks in Victoria had been identified for consideration under the state’s cladding rectification program by June 30, according to the agency overseeing the scheme...
28 October 2024
The Housing Industry Association says Victorian regulatory reform is welcome but action is still needed on rising builders’ warranty premiums...
28 October 2024
The Insurance Council of Australia has called on new Queensland Premier David Crisafulli to act instantly on premium affordability in the state most exposed to extreme weather...
28 October 2024
A $40 million resilient homes program for Central West NSW residents hit by devastating floods two years ago opens for applications today...
28 October 2024
The WA government has warned motorists about accident management groups fraudulently posing as insurers and holding cars “hostage” until substantial fees are paid...
28 October 2024
Cyclone reinsurance pool premium income fell below expectations last year as fewer properties took out insurance than assumed in modelling, and the projection for this year has been revised down by 27%, reports released last week show...
28 October 2024
The NSW government will test new technology to improve early warnings of floods and bushfires...