19 October 2020
The International Association of Insurance Supervisors is consulting on a paper that will provide guidance on managing the challenges and opportunities arising from climate-related risks...
19 October 2020
The Australian Prudential Regulation Authority says QBE will come under a supervisory framework for internationally active insurance groups under reforms introduced to enhance global co-ordination...
12 October 2020
The Insurance Council of Australia has welcomed last week’s Federal Budget, saying it is a strong step towards Australia’s recovery from both the COVID-19 pandemic and devastating summer bushfires...
12 October 2020
The Australian Competition and Consumer Commission should monitor the natural perils component of insurance premiums, while mitigation efforts are also a priority, an interim report from a Senate committee inquiring into last summer’s bushfires has recommended...
12 October 2020
The Australian Prudential Regulation Authority is switching to a more sophisticated system for assessing risks faced by insurers, banks and other licensees as its focus widens and new issues emerge...
12 October 2020
Submissions and survey responses on the performance of NSW state insurer icare are due by the end of the month as part of an independent review announced by the Government...
12 October 2020
The State Insurance Regulatory Authority is consulting on a new standard of practice for managing psychological injury claims...
05 October 2020
The Australian Competition and Consumer Commission is looking at how the proposed merger of Aon and Willis Towers Watson would impact the provision of commercial insurance and reinsurance offerings in this country...
05 October 2020
The Australian Securities and Investments Commission has started civil penalty proceedings in the Federal Court against Allianz Australia and AWP Australia, alleging a misleading sale of travel insurance through three websites run by Expedia...
05 October 2020
A builder has been fined $10,000 for arranging building work without having the proper insurance in place...
05 October 2020
The Reserve Bank of New Zealand has relaunched its planned review of the Insurance Act, months after putting it on hold because of the coronavirus pandemic...
05 October 2020
South Australia has allocated nearly $100 million ahead of the upcoming bushfire season including a plan for a 50% increase in prescribed burns...
28 September 2020
The National Insurance Brokers Association has criticised a NSW Independent Pricing and Regulatory Tribunal proposal to end the mandatory use of brokers in the state’s building defects compensation scheme...
28 September 2020
NSW state insurer icare has started the process of recruiting a new CEO and MD following the departure of John Nagle...
28 September 2020
Temporary rule changes to prevent opportunistic class actions over stock exchange disclosures during the coronavirus pandemic have been extended by six months...
28 September 2020
The SA Parliamentary Economic and Finance Committee has made 11 proposals aimed at improving the state’s motor vehicle insurance and repair sector...
28 September 2020
The WA Government plans to introduce new legislation that will close a loophole allowing so-called phoenix builders to declare bankruptcy and start in the industry again under a new business name...
28 September 2020
NSW state insurer icare says the adverse impact of the coronavirus outbreak on return-to-work rates is likely to continue over the coming months...
28 September 2020
The latest update from the Australian Securities and Investments Commission reveals progress in enforcement action in the first half, including significant civil penalties imposed against large financial institutions such as AMP...
21 September 2020
The Federal Court has again struck down an application by class action plaintiffs to access confidential insurance documents held by a respondent...