27 June 2022
Queensland has banned the “farming” of personal injury claims, with new laws prohibiting anyone soliciting another person to make a claim, paying for details of potential claimants, or receiving payment for a claim referral...
27 June 2022
The NSW Parliament Select Committee inquiry into this year’s floods has invited community feedback through an online questionnaire that closes on Thursday...
20 June 2022
Liabilities for the icare NSW workers’ compensation scheme increased in the second half of last calendar year compared to six months earlier as the insurer continues work on a performance improvement program amid headwinds...
20 June 2022
The NSW parliament has passed changes to existing motor accident and worker compensation laws to increase coverage for victims, and has strengthened the State Insurance Regulatory Authority’s jurisdiction...
20 June 2022
The Australian Law Reform Commission has received input from international experts at a webinar as it works on a second interim report for a three-year review into the simplification and rationalisation of financial services regulation...
20 June 2022
The SA Government will lift the “seriously injured” threshold for workers’ compensation as part of a compromise on reforms required to prevent the state scheme falling into a financial black hole due to a landmark Supreme Court decision...
20 June 2022
A submission by the National Insurance Brokers Association to the Tasmanian Government’s Home Warranty Insurance consultation supports reintroduction of the scheme, alongside complementary reforms to reduce risk and ensure its long-term viability...
20 June 2022
The Australian Prudential Regulation Authority has released six draft general insurer reporting standards that incorporate a change due to the introduction of the Federal Government-backed cyclone reinsurance pool...
20 June 2022
The NSW Government will commit $315.2 million over the next four years to help fortify communities against bushfires...
20 June 2022
The Insurance Council of New Zealand Te Kahui Inihua o Aotearoa says vigorous enforcement of laws and regulations is needed to protect consumers from purchasing unsuitable insurance products...
06 June 2022
The Australian Securities and Investments Commission has today released its draft Cost Recovery Implementation Statement for submissions...
06 June 2022
Prime Minister Anthony Albanese’s new ministry has been sworn into office, with Stephen Jones becoming Assistant Treasurer and Financial Services Minister...
06 June 2022
The State Insurance Regulatory Authority is looking at icare processes in relation to home building compensation cover and construction company Metricon...
06 June 2022
The Australian Financial Complaints Authority’s new “user pays” fee structure kicks in on July 1...
06 June 2022
A coalition of consumer groups has written to the Australian Securities and Investments Commission urging it to hold Youpla directors and other office holders accountable for financial harm caused to First Nations people who purchased worthless funeral plans...
06 June 2022
The Reserve Bank of New Zealand has published a review version of an insurance interim solvency standard and says it expects the finalised document will be released by the end of September...
30 May 2022
Submissions on a consultation paper released by the Quality of Advice review, which is looking at issues including broker commissions, are due by Friday...
30 May 2022
The Insurance Council of Australia has encouraged the NSW Government to look at a retreat of homes and businesses from areas such as North and South Lismore, as highlighted in the city council’s discussion paper, and says it’s important decisions aren’t delayed...
30 May 2022
An independent NSW flood inquiry and a separate parliamentary select committee inquiry into the catastrophe response are both holding community meetings in affected areas over the next few weeks...
30 May 2022
Governments should offer subsidies to homeowners so they can afford to pay for flood mitigation measures, Swiss Re says...