26 July 2021
Treasury has released add-on reform draft regulations for feedback after the Federal Government this month announced a number of insurance product classes that would not fall under the regime...
26 July 2021
Insurers are “strongly encouraged” to engage with the Reserve Bank of New Zealand (RBNZ) as it invites views on an interim Solvency Standard designed to determine minimum amounts of capital cover providers must hold...
19 July 2021
The Australian Prudential Regulation Authority will require a number of insurers to review their risk management frameworks following “deficiencies” that led to the use of outdated business interruption policy wordings...
19 July 2021
The Federal Government plans to introduce wider ranging conduct laws for financial firm executives into the spring session of Parliament, along with legislation to set up a last resort disputes settlement compensation scheme...
19 July 2021
The Department of Home Affairs has released a cyber security paper for consultation, seeking feedback on a range of proposed options to strengthen the economy’s defence against ransomware and other digital threats...
19 July 2021
New Zealand’s Commerce Commission is assessing whether undertakings by Aon and Willis Towers Watson resolve its preliminary competition concerns over a planned merger of the brokerages...
19 July 2021
The Australian Securities and Investments Commission has reissued a media release on urgent interim orders obtained in the Federal Court against Alliance Insurance Broking Services and its sole director Renato De Maria...
19 July 2021
Victoria and Queensland have agreed to share a large air tanker to bolster aerial firefighting capacity, extracting optimum value and ensuring the aircraft is available where it is needed most...
12 July 2021
The granting of exemptions to several classes of insurance products from a new deferred sales model for add-on insurance has been criticised by consumer groups as not in the spirit of recommended industry reform...
12 July 2021
Feedback to a financial services law reform inquiry has backed simplification of the legal framework and drawn attention to specific problems such as the failure of distinctions between general and personal advice...
12 July 2021
The NSW Government’s plan to develop a risk-rating tool for new residential buildings has been welcomed by the insurance industry...
12 July 2021
The Australian Reinsurance Pool Corporation’s first customer survey has found insurers believe it is an effective provider of terrorism cover and easy to deal with...
12 July 2021
The NSW State Insurance Regulatory Authority is seeking feedback from injured people, organisations and the public on its planned review of the state’s compulsory third party scheme...
12 July 2021
The NSW Government has set up an online hub that includes information from more than 17 state and federal agencies to help communities recovering from bushfires, floods and other natural disasters...
05 July 2021
The Australian Competition and Consumer Commission’s recommendation for a national home insurance comparison website won’t do anything to assist the affordability issue in northern Australia...
05 July 2021
The Federal Government will re-examine whether terrorism cover provided by the Australian Reinsurance Pool Corporation should include property damage from cyber attacks after a previous review determined it is not required...
05 July 2021
Complaints relating to travel insurance fell 22% in the year to June as international and state border rules limited movement and Australians stayed at home instead of holidaying or conducting business trips...
05 July 2021
Consumer group Choice wants the Federal Government to get on and pass laws to establish a compensation scheme of last resort...
05 July 2021
NSW state insurer icare has written to more than 70,000 workers and plans to send a further 210,000 letters as part of action to correct past workers’ compensation underpayments...
28 June 2021
Queensland-based RACQ says the scope of the proposed cyclone reinsurance pool announced by the Federal Government should be extended to all major natural perils across the country...