10 August 2020
Australian Prudential Regulation Authority Chairman Wayne Byres has warned the worst from the pandemic is not over, revealing it remains on the alert for potential “severe stress” on the insurance and broader financial services sector...
10 August 2020
Stakeholders have been invited to provide feedback on proposed product intervention measures relating to add-on insurance sold with motor vehicles by August 19...
10 August 2020
Dispute resolution for the NSW workers’ compensation and compulsory third party schemes will be handled by a single tribunal in a change to simplify the system...
10 August 2020
The Australian Financial Complaints Authority has appointed Campbell Daff to the newly created position of Head of Membership Services...
03 August 2020
State Insurance Regulatory Authority CEO Carmel Donnelly has condemned the performance of icare in an appearance before a NSW Parliamentary inquiry and says she is concerned over the lack of progress on an action plan set out last year to improve performance...
03 August 2020
The Insurance Council of Australia says tax reform will help consumers as the nation’s economy adjusts to the impact of COVID-19...
03 August 2020
The Australian Securities and Investments Commission will require faster handling of consumer complaints under new rules that also demand proactive responses to issues raised on companies’ social media sites...
03 August 2020
The insurance industry has made its case before a parliamentary inquiry into the class action system, pushing for reforms to arrest the sharp escalation in directors’ and officers’ premiums...
03 August 2020
The Australian Prudential Regulation Authority has written to insurers to update its capital management guidance, easing restrictions around paying dividends...
03 August 2020
The Federal Government has extended the deadline for submissions from individuals, businesses and community groups on priorities for the 2020-21 Budget...
03 August 2020
The NSW State Insurance Regulatory Authority is seeking customer feedback on the state’s workers’ compensation, compulsory third party and home building compensation insurance schemes...
03 August 2020
New Zealand’s Financial Markets Authority has outlined six priorities for the next three to six months as it continues to respond to COVID-19 issues...
27 July 2020
NSW state insurer icare aims to improve its support of vulnerable customers through an upcoming review...
27 July 2020
The Royal Commission into National Natural Disaster Arrangements will deliver its findings on October 28 after being granted a two-month extension...
27 July 2020
The Australian Prudential Regulation Authority will this week update its capital management guidance for insurers, extending special COVID guidelines it issued in April to the end of the year, though making the rules more “flexible.”..
27 July 2020
Lawyers and unions have kicked off a “Save our CTP” campaign in Queensland and are seeking support from politicians to prevent changes to the state’s compulsory third party insurance scheme after the next election...
27 July 2020
A new team of government building certifiers in the ACT will break the link between building firms and inspectors in a further crackdown on “dodgy” property developers...
20 July 2020
Greater access to bushfire attack level ratings could help tackle the underinsurance problem in at-risk areas, industry representatives have told a Senate inquiry...
20 July 2020
The Insurance Council of Australia has called for action to overcome Privacy Act concerns that are limiting the sharing of state government data on natural disaster impacts...
20 July 2020
NSW state insurer icare says Customer Advocate Darrin Wright will lead a review of its Treasury Managed Fund personal injury business, which provides workers’ compensation cover for government agencies...