18 October 2021
The Victorian government has accepted all 15 recommendations from the final phase of an independent inquiry into 2019/20 bushfires that devasted large parts of the state’s North East, Gippsland and Alpine regions...
11 October 2021
The Australian Financial Complaints Authority says it will work “constructively” with the insurance industry, following the start this month of new internal dispute resolution obligations as set out by the corporate regulator...
11 October 2021
Consumer Action Law Centre says the Hayne-backed reforms that commenced this month will help improve conduct in the financial services sector...
11 October 2021
New research from Deloitte Access Economics quantifies the cost of natural disasters and recommends national investment in disaster resilience and mitigation as the most effective way to protect people and communities...
11 October 2021
The NSW State Insurance Regulatory Authority is consulting on workers’ compensation reforms recommended by the McDougall review and on possible COVID-related changes as pandemic impacts continue...
11 October 2021
The Queensland government has launched a six-week Get Ready advertising campaign urging communities in the state to prepare for this year’s natural disaster season..
04 October 2021
The industry is ready for a raft of new regulations that are commencing this month, having made “sweeping” changes to their systems and processes in readiness for the Hayne-backed reforms...
04 October 2021
Class action funders and lawyers face further restrictions under draft legislation that the Federal Government has released following recommendations from a Parliamentary committee inquiry...
04 October 2021
The New Zealand Earthquake Commission cap for residential building cover will double to $NZ300,000 from October next year as the Government takes on a larger share of the risk...
04 October 2021
The Chairman of an NSW Parliamentary Inquiry into plans to raise the height of the Warragamba Dam wall says future hearings will examine an Environmental Impact Statement released for consultation last week...
04 October 2021
The NSW Government says the State Emergency Service will be bolstered by a $4.6 million investment in prototype rescue vehicles including six “unimogs” that can operate in flood waters up to 1.2 metres deep...
27 September 2021
Finalised anti-hawking regulatory guidance has removed a travel insurance example in favour of a home purchase scenario and has provided more information on how to determine if a consumer would “reasonably expect” to be offered a particular product...
27 September 2021
The NSW State Insurance Regulatory Authority is looking at options to improve legal support and assistance for people injured in motor accidents after a review found some claimants may need more help navigating the scheme following reforms...
27 September 2021
NSW state-owned insurer icare has appointed Kylie Willment and Virginia Malley as non-executive directors as a board renewal process continues...
27 September 2021
Credit card repayment insurance is a “poor value” product that is often sold with numerous exclusions and very prescriptive conditions, resulting in consumers not receiving the benefits they expected, according to New Zealand’s Financial Markets Authority...
27 September 2021
The prudential regulator says consultation on reforms to the insurance capital framework to reflect changes in new accounting standard AASB 17 is among its policy priorities in the fourth quarter...
20 September 2021
The Federal Government has finalised deferred sales model exemption regulations for the new regime aimed at preventing high pressure sales tactics...
20 September 2021
Commonwealth Bank of Australia says it will plead guilty to 30 criminal charges filed by the corporate regulator alleging the business mis-sold consumer credit insurance products between 2011 and 2015...
20 September 2021
The Victorian Building Authority is supporting research by RMIT University into fire safety and solar panels installed on multi-storey building facades to harvest energy without extensive roof space...
20 September 2021
Julie-Anne Schafer has been appointed to the board of the Australian Reinsurance Pool Corporation by the Federal Government for a three-year term...