19 April 2021
The Australian Financial Complaints Authority has supported consideration of a UK-style legal test case model for issues with wide-ranging impacts, amid scrutiny over the insurance industry’s approach to business interruption matters...
19 April 2021
The corporate regulator says nine cases of enforcement litigation regarding misconduct in insurance were underway at the start of the year as part of its push to pursue more court action...
19 April 2021
The Australian Law Reform Commission will host two webinars next month related to its work around simplifying corporate and financial services regulation...
19 April 2021
The third in a series of Building Stronger Homes roundtables will be held in Sydney tomorrow, exploring the role of construction standards in national natural disaster resilience...
19 April 2021
Four-wheel-drive vehicle hire business Smart Corporation, which previously traded as Australian 4WD Hire and is now in liquidation, has been fined $1.2 million after making false and misleading representations to consumers about insurance cover...
19 April 2021
The NSW State Insurance Regulatory Authority has extended the role of psychologists and physiotherapists in certifying an injured person’s fitness for work after the change was introduced last year due to the COVID-19 pandemic...
19 April 2021
Plans by the owner of Compare the Market to raise its stake in iSelect look set to go ahead after the competition watchdog says it “will not oppose” the move...
19 April 2021
Rates for compulsory workers’ compensation insurance in WA are set for an overall increase of 4% for the next financial year...
12 April 2021
The Australian Securities and Investments Commission has warned “time is running out” for insurance claims handling firms to apply for licences, which are mandatory by January 1 next year under new laws that were passed last December...
12 April 2021
The Australian Securities and Investments Commission has taken Federal Court action against Westpac over the sale of consumer credit insurance, alleging it debited premiums for cover that was never requested and through its actions has undermined confidence in the financial system...
12 April 2021
The State Insurance Regulatory Authority says an additional $1.3 million in workers’ compensation premium has been raised following non-insurance investigations...
12 April 2021
The Victorian Government is seeking feedback on ways to improve existing insurance arrangements as part of a wide-ranging review of the state’s troubled building sector...
12 April 2021
Applications of exclusion zones in areas affected by a terrorism incident or other major disruptive event could result in up to 10 times the insured loss expected from physical damage due to business interruption, new research from the Australian Reinsurance Pool Corporation has found...
12 April 2021
Australia and New Zealand Banking Group has been approved as a self-insurer in the Commonwealth workers’ compensation scheme Comcare...
29 March 2021
Insurers have been working closely with the Australian Securities and Investments Commission to prepare for next week’s application of unfair contract terms to insurance contracts, the Insurance Council of Australia says...
29 March 2021
NSW workers’ compensation premiums may rise 2.9% for the next two financial years under annual increases sought by state-owned insurer icare in response to increasing costs...
29 March 2021
The NSW State Insurance Regulatory Authority will advertise for a new CEO to take over from Carmel Donnelly, who is set to become chairman of the state’s Independent Pricing and Regulatory Tribunal by July...
29 March 2021
The Australian Prudential Regulation Authority is testing the cyber security chops of selected regulated entities as it cracks down on vulnerability in Australia’s financial system...
29 March 2021
A new Insurance Checkup website is allowing Tasmanians to assess their insurance and receive a personalised, step-by-step checklist of things to consider...
22 March 2021
Australian Prudential Regulation Authority Deputy Chairman Helen Rowell will take over responsibility for insurance after leading a period of extensive change in the regulation of superannuation during the past seven years...