01 March 2021
The Wivenhoe and Somerset class action has been partially settled for $440 million after a compensation agreement was reached with the Queensland Government and its statutory body, SunWater, law firm Maurice Blackburn announced last week...
01 March 2021
The NSW Personal Injury Commission has officially started operation, creating a new tribunal and “one-stop shop” for disputes related to the workers’ compensation and compulsory third party insurance schemes...
01 March 2021
A detailed study of the ten years since the Canterbury earthquake sequence that devasted New Zealand a decade ago has revealed insurers struggle to accurately estimate claim costs and to quantify uncertainty...
22 February 2021
NSW state-owned icare is introducing a risk and governance executive position as part of a leadership revamp announced by CEO Richard Harding, who took up the top role last month...
22 February 2021
The proposed merger of Aon and Willis Towers Watson could lead to adverse outcomes including higher charges for businesses that need specialised risk service from brokers, according to the competition watchdog...
22 February 2021
Treasury has started a review of the Australian Financial Complaints Authority after the scheduled process was delayed last year due to the coronavirus pandemic...
22 February 2021
The Australian Reinsurance Pool Corporation says it has finalised a $3.475 billion retrocession program for this year, with the latest arrangements including a change to improve the organisation’s capital strength...
22 February 2021
Treasury is considering requests for a number of areas to be exempt from a new add-on insurance deferred sales model, while consumer groups are pushing for minimal carve-outs...
22 February 2021
Proposed changes to permanently ease continuous disclosure requirements for listed companies will not water down the government’s ability to prosecute criminal breaches, or the regulator’s right to issue infringement notices and administrative penalties without proving fault, Treasury says...
15 February 2021
The $6.9 million professional indemnity insurance coverage secured by the Victorian Government is a “market first” for the construction sector, according to Lockton Companies Australia, the broker that arranged the exclusion-free program...
15 February 2021
Apartment owners whose properties require cladding remediation will get financial support from the NSW Government in the form of interest-free, 10-year loans...
15 February 2021
The State Insurance Regulatory Authority has given surgeons and medical groups until the end of next month to respond to plans to reduce fees charged in the NSW workers’ compensation scheme...
15 February 2021
The Financial Markets Authority has called on the High Court to impose a $NZ280,000 financial penalty against ANZ New Zealand for making false and misleading representations about credit card insurance...
15 February 2021
The corporate regulator has disqualified Adrian Christopher Coronno and Domenico Luvera of Queensland-based Pacific Pines from managing corporations for five years after they failed to properly carry out their duties as directors in four failed businesses that provided a range of services including insurance...
08 February 2021
The Australian Prudential Regulation Authority has listed business interruption insurance as one of its key focus areas in an information paper outlining its Supervision Priorities for the next 12-18 months...
08 February 2021
A High Court ruling that found two Westpac subsidiaries breached financial services laws when they went beyond their licence and provided personal advice is being examined by the National Insurance Brokers Association...
08 February 2021
A man caught driving taxis while receiving weekly payments from Victoria's workers’ compensation scheme after he injured his arm while working as a mechanic will repay more than two years of benefits...
08 February 2021
The Actuaries Institute has urged the government to fund mitigation works and the strengthening of building codes in a pre-Budget submission to Federal Treasury in which it addresses climate change and the need for measures to help Australians develop greater resilience to extreme weather...
08 February 2021
Queensland’s Commissioner for Body Corporate and Community Management has introduced strata insurance regulation changes that will come into effect next month...
08 February 2021
The Tasmanian Association of Tourist Railways is to be supported by the state government via contributions to the cost of insurance...