03 April 2023
The Federal Government may need to consider further incentives to boost insurance competition in Northern Australia, a Parliamentary Committee inquiry into the Cyclone Reinsurance Pool says...
03 April 2023
Properties that are holiday let on a short-term basis in strata buildings will be eligible for the Federal Government’s cyclone reinsurance pool...
03 April 2023
The sudden collapse of Victorian home builder Porter Davis may leave domestic building insurance providers on the hook as appointed liquidator Grant Thornton says it is working to find a solution to support customers...
03 April 2023
The Australian Prudential Regulation Authority has finalised changes proposed for several prudential standards as a result of new accounting rules that take effect this year...
03 April 2023
The Reserve Bank of New Zealand - Te Pūtea Matua says it is seeking input from financial sector members as it looks to set up new guidance to help address evolving climate-related risks...
27 March 2023
The Insurance Council of Australia has urged the newly elected NSW Labor Government to remove the Emergency Services Levy from premiums and to take other action to improve resilience...
27 March 2023
The Australian Federal Police are investigating a malicious cyber attack on Latitude Financial that has led to the theft of documentation details provided by millions of people...
27 March 2023
A broker charged with criminal offences relating to the misuse of about $35 million of client funds is scheduled to return to the courts mid-year after an initial appearance before the Mansfield Magistrates’ Court last week...
27 March 2023
Policies that discourage private adaptation decisions and distort premium pricing like the cyclone reinsurance pool should be avoided, the Productivity Commission says in a new report, warning such actions will result in “adverse” effects because of growing climate risks...
27 March 2023
A Reserve Bank of New Zealand report on residential mortgage lenders exposure to flood risks has highlighted implications from potential insurance availability changes...
27 March 2023
The Financial Accountability Regime is probably going to apply to the insurance industry in the second-half of next year, after legislation for the Hayne royal commission-backed measure was introduced in the Senate last week...
20 March 2023
The Federal Government should move to a rolling 10-year resilience funding program, given climate change and natural disaster impacts, the Insurance Council of Australia says in a pre-Budget submission...
20 March 2023
The SA government has opened applications to provide building owners with financial support for the removal of combustible panel cladding in private buildings...
20 March 2023
The first round of applications under the Federal Government’s $200 million a year Disaster Ready Fund are being reviewed ahead of an expected mid-year announcement, the National Emergency Management Agency says...
20 March 2023
New Zealand’s Financial Markets Authority has named Daniel Trinder its new Executive Director for Strategy and Design...
20 March 2023
The Insurance Council of Australia has called for reforms to remove legislative inconsistencies that act as a barrier to electronic communications...
13 March 2023
Legislation for the proposed compensation scheme of last resort and the Financial Accountability Regime was introduced in the House of Representatives last week, bringing the commencement of the last tranche of Hayne royal commission-backed measures a step closer to fruition...
13 March 2023
RACQ is pushing for increased mitigation funding spending in the Federal Budget and for Queensland to receive its “fair share” given its catastrophe exposure...
13 March 2023
The Victorian Government is planning an overhaul of the state workers’ compensation scheme, which it says was designed decades ago and is no longer fit for purpose...
13 March 2023
Strata Community Association NSW has urged the winner of this month’s state election to review the Emergency Services Levy and to commit to reforms aimed at weeding out building defect issues plaguing the construction industry...