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Regulatory & Government

ICNZ hails budget’s resilience spending 

03 June 2024

The Insurance Council of New Zealand has welcomed the budget’s resilience funding for communities hit by the Auckland flooding and Cyclone Gabrielle, while urging a continued focus on reducing risks...

AI threatens public utility of cover, MP warns 

27 May 2024

Artificial intelligence’s ability to “drill down” to an individual customer’s risk profile and set one-on-one insurance premiums “undermines the whole market model”, Greens MP David Shoebridge says...

Industry braces for another inquiry

20 May 2024

Senators have launched an inquiry into insurance challenges, specifically around the impact of climate risk on premiums and coverage...

Queensland marks milestone in buyback scheme 

20 May 2024

Demolition has begun on the first community title scheme purchased under voluntary property buybacks offered by the Queensland and federal governments’ Resilient Homes Fund...

Netstrata regulatory review under way 

06 May 2024

Strata management agency Netstrata says a regulatory review of its operations following media scrutiny begins today and will take five to six weeks...