Insurance supervisors publish diversity scorecard
20 February 2023
A new survey has revealed what insurance supervisors are doing globally to promote diversity, equity and inclusion within the industry...
Regulatory & Government
ASIC framework aims to support positive Indigenous outcomes
20 February 2023
The Australian Securities and Investments Commission has published a framework aimed at supporting positive outcomes for First Nations people...
APRA chair highlights insurance affordability 'urgency'
20 February 2023
The Australia Prudential Regulation Authority has reiterated it remains focused on addressing insurance affordability and other related challenges at a Senate hearing...
NSW Reconstruction Authority names inaugural CEO
20 February 2023
The NSW Reconstruction Authority has appointed Infrastructure NSW CEO Simon Draper as its permanent CEO...
Federal Government commits funding to NSW risk mitigation projects
20 February 2023
The Federal Government has announced a $29 million Disaster Risk Reduction Fund for NSW communities to improve mitigation against future severe weather events and disasters...
Find a fairer way: ICA launches ESL election campaign
13 February 2023
The Insurance Council of Australia has made NSW’s controversial Emergency Services Levy an election issue by demanding that whoever wins the state vote on March 25 finds “a fairer way”...
ASIC permanently bans Sweeney Insurance director
13 February 2023
The Australian Securities and Investments Commission has permanently banned Sydney-based Sean Sweeney from providing any financial services after he was convicted of fraud offences in November...
Claimant wins dispute over 'undetectable' truck defects
13 February 2023
A truck driver who crashed after the vehicle’s front tyre blew out will be covered for losses after a dispute ruling determined its unroadworthy condition could not have been reasonably detected...
NSW building panel explores options for Mascot Tower owners
13 February 2023
NSW Building Commissioner David Chandler will lead an expert panel to explore all options including remediation for owners of Mascot Towers, which remains too dangerous to be occupied because of structural problems...
Tasmanian Government extends flood grants
13 February 2023
The Tasmanian state government has opened grants for private homeowners and not-for-profit sport and recreational organisations damaged by floods last October...
Victoria starts Night Aviation Patrol bushfire program
13 February 2023
Victoria has activated its Night Aviation Program as part of the state’s preparations for the highest fire risk period of summer...
APRA targets insurance affordability challenge
06 February 2023
The Australian Prudential Regulation Authority will keep up with its ongoing work on addressing insurance affordability and availability issues as part of its supervision priorities for the year...
Hazards Insurance Partnership targets affordability action
06 February 2023
The Hazards Insurance Partnership, announced in the October Budget, has held its first meeting, as the Federal Government steps up mitigation funding and increases its focus on affordability concerns...
NIBA makes case for household mitigation funding
06 February 2023
Expanding the Federal Government’s $1 billion Disaster Ready Fund to include funding for household-level mitigation works in areas prone to catastrophes would lead to “positive effects” on insurance premiums, the National Insurance Brokers Association says in a pre-budget submission...
Andrew Colvin appointed to head disaster funding review
06 February 2023
The Federal Government has appointed Andrew Colvin, who helmed national recovery efforts after the Black Summer bushfires, to lead an independent review into Australia’s disaster funding arrangements...
NSW Government backs emerging technology program
06 February 2023
The NSW Government has announced it will invest $5.2 million towards a Bushfire and Natural Hazards Technology Network to help with flood and fire preparation...
FMA announces new executive
06 February 2023
New Zealand’s Financial Markets Authority has named Sharon Thompson its new Executive Director for Transformation and Operational Delivery...
Federal Court penalises firms for non-cooperation with AFCA
30 January 2023
The Federal Court has handed down financial penalties totalling $150,000 after two firms failed to co-operate with the Australian Financial Complaints Authority...
SIRA claws back record $178 million in excess profit from CTP insurers
30 January 2023
NSW State Insurance Regulatory Authority says it will recover a record $178.7 million in excess profit from compulsory third party insurers in 2018 and 2019...
Tasmania releases home warranty scheme draft legislation
30 January 2023
The Tasmanian state government has released draft legislation to reintroduce a home warranty insurance scheme to cover consumers if their builder dies, disappears or becomes insolvent...