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Regulatory & Government

Cyclone pool extension could add $35 million to losses

09 September 2024

Cyclone reinsurance pool average annual losses would increase by $20-$35 million if the cover period was extended to seven days after an event, research requested by the Assistant Treasurer shows...

ICNZ joins call for faster climate adaptation

09 September 2024

The Insurance Council of New Zealand has backed calls to speed up adaptation to climate change, after a report found action so far lacks the scale or pace required...

WA builder fined over uninsured work

02 September 2024

A WA builder has admitted breaching home building contract laws after he started three jobs without mandatory insurance, leaving a property owner with more than $132,000 in costs...

Suncorp pushes case for Queensland CTP shake-up

19 August 2024

Suncorp says data on Queensland’s compulsory third party arrangements “points to a scheme in need of reform”, with the company’s market share to grow following last year’s withdrawal of RACQ Insurance...

Watchdog warns on cyber control gaps

19 August 2024

The prudential regulator has urged insurers to check for gaps in their cyber controls amid an “evolving and escalating” threat landscape...