06 December 2021
The Australian Prudential Regulation Authority has released a discussion paper in relation to a pair of new standards that are aimed at strengthening the preparedness of insurers, superannuation trustees and banks to respond to future financial crises...
06 December 2021
Insurers need to invest in better systems processes and internal controls, the Australian Securities and Investments Commission says following a review of Black Summer bushfire claims handling...
06 December 2021
The Australian Financial Complaints Authority says a tool developed by the Insurance Council of Australia to deal with COVID-related business interruption claims will help reduce disputes and speed clearance of a backlog of cases...
06 December 2021
The Australian Financial Complaints Authority has appointed Prue Monument as Code Compliance and Monitoring GM...
29 November 2021
The Australian Financial Complaints Authority and the Federal Government have supported recommendations from a Treasury review to improve the ombudsman’s performance...
29 November 2021
A Victorian Auditor General’s report has flagged concerns with the performance of the state’s workers’ compensation scheme...
29 November 2021
The Australian Prudential Regulation Authority has finalised its practice guide on climate change in response to requests from the financial services industry for greater clarity on regulatory expectations and examples of best industry practice...
29 November 2021
The Financial Regulator Assessment Authority will examine the corporate watchdog’s effectiveness and capability as part of a “targeted assessment”, with a report on its findings to be provided to the Federal Government by the end of July next year...
29 November 2021
A labourer who knowingly received workers’ compensation payments while working has been ordered to return $58,121 to WorkSafe Victoria and complete 250 hours of community service...
29 November 2021
The Australian Reinsurance Pool Corporation has started a research study with the University of Queensland Business School on the evolving experience and meaning of terrorism...
22 November 2021
The Australian Financial Complaints Authority expects claim handling disputes are likely to be one of the top general insurance issues for this financial year as COVID-related impacts add to potential challenges...
22 November 2021
Tasmania should move away from funding fire services through a levy on premiums and adopt a model similar to most mainland states, the Insurance Council of Australia says in a submission to a review...
22 November 2021
The corporate regulator is inviting feedback on draft guidance aimed at faster remediation of consumers in insurance and banking...
22 November 2021
A NSW Parliamentary committee will review a proposed workers’ compensation change that would repeal a presumption that employees in essential areas such as healthcare caught COVID-19 while at work...
22 November 2021
New Zealand’s Financial Markets Authority has outlined how it intends to enforce and monitor mandatory disclosures of climate-related risks...
15 November 2021
The NSW Government plans to repeal workers’ compensation changes made last year that provided essential workers with a presumed COVID-19 right amid concerns a flood of claims could cost hundreds of millions of dollars over the year ahead and drive premiums higher...
15 November 2021
The Australian Securities and Investments Commission has estimated it will collect about $24.702 million in levies from the general and life insurance sector for supervisory work carried out in the last financial year...
15 November 2021
The Victorian Government has set up an event interruption insurance scheme as part of efforts to revive the state’s pandemic-hit live music and festival scene...
15 November 2021
The Australian Securities and Investments Commission today released a consultation paper proposing to remake its class order relating to product disclosure statement requirements where a quote for a general insurance product is given...
15 November 2021
New Zealand’s Commerce Commission says the way add-on cover is sold alongside motor vehicles has created the “potential” for non-compliance and poor consumer outcomes...