Rental car insurance faces reform under new consumer laws
23 February 2009
Rental car insurance policies face reform under new consumer legislation designed to protect consumers...
Regulatory & Government
Government leans on insurers
16 February 2009
Prime Minister Kevin Rudd has pledged to monitor insurance companies’ performance in the wake of the Victorian bushfires...
Federal terrorism exposure cut by $2.3 billion retrocession deal
16 February 2009
The Federal Government has scored a $2.3 billion retrocession package for its terrorism insurance scheme that is expected to help attract private reinsurers back to the Australian market...
Government to open super coffers to bushfire victims
16 February 2009
People affected by the Victorian bushfires may be allowed early access to their superannuation funds and attached life insurance benefits, the Federal Government has announced...
APRA stats show industry bearing up well
09 February 2009
Latest figures from APRA show continued insurer profitability despite tough economic times...
APRA to minimise role this year
09 February 2009
The insurance industry is in good shape to withstand the financial crisis, so the prudential regulator says it’s loosening the reins...
Coalition joins attack on state insurance taxes
09 February 2009
The Federal Opposition believes keeping the insurance industry under state and federal administration will lead to increased compliance costs and says state taxes must go...
ASIC bans two over dodgy insurance dealings
09 February 2009
The Australian Securities and Investments Commission has imposed bans on two Sydney men for unauthorised insurance broking...
Corporations Act amended to include banned Kiwis
09 February 2009
Company directors banned from managing companies in NZ will also be disqualified in Australia under an amendment to the Corporations Act...
Dollar-for-dollar insurance taxes almost a reality in Victoria
02 February 2009
Rural commercial insurance-buyers in Victoria are being forced to pay nearly $1 in tax for every $1 in premium after another hike in the state’s fire services levy...
APRA’s thinking on niche insurers questioned
02 February 2009
Senior brokers have questioned the rationale behind the licensing of niche insurers in the Australian market, with the Australian Prudential Regulation Authority (APRA) saying...
NSW green slips rise
02 February 2009
NSW motorists face a hike of up to $70 a year for green slips so the NSW Government can cover an increase in insurance premiums...
Marsh identifies big stamp duty refund opportunity
15 December 2008
Marsh Australia says insurance customers may be eligible for a big stamp duty refund after the NSW Supreme Court held the impost is not payable by foreign insurers...
Insurance tax critics raise reviewers’ attention
15 December 2008
Opponents of insurance taxes have made their collective voice heard during the initial stages of the Federal Government’s wide-reaching review of taxation...
ASIC appoints three new commissioners
15 December 2008
The Australian Securities and Investments Commission has employed three new commissioners as the regulator doubles its top tier to cope with an extended workload...
15 months jail for insurance scam artist
15 December 2008
The Southport District Court has sentenced a Gold Coast man to a minimum 15-month jail term for fraudulent dealings including the use of false birth certificates to buy insurance…
APRA points finger at executive pay
15 December 2008
The Australian Prudential Regulation Authority will use a principles-based approach to encourage management behaviour that avoids risk-taking in financial institutions...
Insurance taxes in rural Victoria reach new high
08 December 2008
Commercial insurance buyers in rural Victoria will pay nearly $1 in tax for every $1 of insurance premium following another hike in the fire services levy...
APRA wants industry views on national database
08 December 2008
The Australian Prudential Regulation Authority has invited discussion over the future of the central database used to record information on professional indemnity and public…
General insurers ‘tax collectors’
08 December 2008
General insurers have become de facto tax collectors for both state and federal governments, according to Zurich Australia CEO David Smith...