ASIC tries to explain scaled advice for all
01 August 2011
Brokers will be included in the Australian Securities and Investments Commission’s new proposed regulations on scaled advice…
Regulatory & Government
Further delays hit report on state government insurance
01 August 2011
The Senate report into state government insurance arrangements and the flood levy has been delayed for the third time, due to a further hold-up by the Queensland Government…
Parliamentary insurance inquiry goes to WA
01 August 2011
The federal parliamentary inquiry into the insurance response to natural disasters will hold its first public hearings this week when it convenes in WA…
Christchurch earthquakes: Royal Commission gets 62 expressions of interest
01 August 2011
The inquiry into the Christchurch earthquakes has received 62 expressions of interest from people wanting to participate…
Work together on resilience, says minister
01 August 2011
Federal Attorney-General Rob McClelland says creating a resilience strategy for natural disasters is not just the Government’s responsibility…
Insurance contracts stay on IASB’s agenda
01 August 2011
Accounting standards for insurance contracts will remain a priority as the International Accounting Standards Board looks at its future strategic direction…
APRA scores well in satisfaction survey
01 August 2011
The Australian Prudential Regulation Authority has recorded some favourable scores in satisfaction ratings from the organisations it oversees…
ICA and Suncorp call for advising reforms
25 July 2011
The Insurance Council of Australia and Suncorp have urged the Federal Government to consider changing the advice regime under the Corporations Act to enable insurers to provide more flood…
Disaster insurance discussed as regulators meet
25 July 2011
Australia’s top financial regulators discussed the insurance industry’s response to natural disasters during a meeting in Sydney last week…
No more time for opinions
25 July 2011
The Natural Disaster Insurance Review panel is now officially closed to all submissions following a last minute call for public comment…
Trans-Tasman broking is closer, says regulator
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…
Insurance disaster inquiry extends submissions deadline
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…
ACC surplus supports price drop
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…
It’s now or never, says disaster insurance review chief
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…
Global supervision creeps closer
11 July 2011
The International Association of Insurance Supervisors is proposing more effective global supervision of insurers…
Bushfire risk tools vital
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…
Insurers line up for WA workcover renewals process
11 July 2011
WorkCover WA has opened the application process for insurers to renew their approvals to issue workers’ compensation policies…
NSW gets new Centre for International Finance and Regulation
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…
Shorten attacks flood claim dispute figures
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…
Victoria floats options for FSL levy
04 July 2011
The Victorian Government is still undecided on how to implement a property-based fire services levy…