'Double dipping': SIRA prosecutes Sydney man over injury fraud
06 March 2023
The NSW State Insurance Regulatory Authority has successfully prosecuted an injured Sydney worker for obtaining a financial advantage by deception/dishonesty...
Regulatory & Government
Northern Rivers residents offered first buybacks
27 February 2023
Some flood-affected homeowners in NSW’s Northern Rivers region have received initial offers for home buybacks from the Northern Rivers Reconstruction Corporation as part of a joint federal and state government initiative...
RACQ Insurance says Queensland homeowners 'embracing' retrofitting initiative
27 February 2023
RACQ Insurance says many policyholders have turned to the joint Queensland and federal government Resilient Homes Fund for flood resilience upgrades as the first works begin...
WA moves to stamp out 'predatory' motor claim inducement
27 February 2023
Legislation aimed at putting a stop to “harvesting” of motor vehicle injury insurance claims is set to be introduced in WA...
ASIC begins Federal Court action against RACQ Insurance
27 February 2023
The Australian Securities and Investments Commission has commenced Federal Court action that alleges RACQ Insurance misled customers over pricing discount promises...
Submissions to Senate inquiry press for insurance solutions
27 February 2023
Submissions to a Senate inquiry on Australia’s disaster resilience say solutions to ongoing insurance challenges must be considered as part of the long-term answer...
Court imposes penalty over anti-hawking breach
27 February 2023
The Southport Magistrates Court in Queensland has imposed a $70,000 penalty over a breach of anti-hawking laws following an investigation by the Australian Securities and Investments Commission...
Queensland begins workers' compensation review
27 February 2023
An independent review of the Queensland workers’ compensation scheme will include an examination of its performance, how psychological injuries are managed and other emerging issues...
NZ Parliament passes Earthquake Commission overhaul bill
27 February 2023
New Zealand’s Parliament has passed the Natural Hazards Insurance Bill, which replaces and simplifies Earthquake Commission legislation and introduces a number of changes recommended by a public inquiry into the handling of Christchurch claims...
Federal Government announces flood protection programs for Northern NSW
27 February 2023
Emergency Services Minister Murray Watt has announced funding for the flood mitigation projects recommended by the CSIRO’s Northern Rivers Resilience Initiative...
Former ASIC chairman proposes 'stand-alone' insurance regulator
20 February 2023
The former chairman of the Australian Securities and Investments Commission James Shipton says a “stand-alone” insurance regulator “could be considered”, bringing prudential and conduct oversight together...
'Misleading pricing': ASIC puts industry on notice over failed promises
20 February 2023
The Australian Securities and Investments Commission says its Enforcement Priorities program for this year include “misleading insurance pricing promises” as the industry comes under pressure over failures to honour pricing discounts...
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...
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...