ICA supports Green Building Council homes project
20 July 2020
The Insurance Council of Australia has signed on as a supporting partner of the Green Building Council Australia’s Future Homes project, which aims to lift construction standards...
Regulatory & Government
WA’s injured workers to get treatment funds in a day
20 July 2020
WA’s Insurance Commission has cut payment terms from 20 days to just 24 hours for pre-approved injury treatment from next month...
Industry ramps up case for ESL removal at Senate inquiry
13 July 2020
The insurance industry made another united push for tax reforms at a Senate inquiry on Friday, saying the NSW Emergency Services Levy and other insurance duties will worsen the under-insurance problem as the virus-hit economy weakens further...
Time for a hazard protection code on new builds: ICA
13 July 2020
Australia’s National Construction Code is “failing the community” by not stipulating a performance outcome for protecting the property beyond the saving of lives, the Insurance Council of Australia has told a royal commission hearing...
SIRA sets out guiding principles as pandemic continues
13 July 2020
The NSW State Insurance Regulatory Authority has adopted 10 regulatory principles to inform its work as it adapts to changes including the COVID-19 pandemic...
Mental health a 'small but growing claims area'
13 July 2020
The rate of psychological injury claims among workers is increasing, with almost a third of all COVID-19 related claims lodged with icare related to mental health, the NSW state insurer says...
Authority appoints fire safety engineer
13 July 2020
The Victorian Building Authority has appointed Weng Poh as its Principal Fire Safety Engineer in a bid to raise the issue of fire safety among the state’s 24,000 builders, building surveyors and other practitioners...
ICA welcomes NSW report urging abolition of ESL, insurance taxes
06 July 2020
The Insurance Council of Australia "strongly supports" the findings of the draft NSW Review of Federal Financial Relations report, which recommends the abolition of all state insurance taxes...
NZ fire levy reform delayed by COVID focus
06 July 2020
Fire and Emergency New Zealand funding reform progress will be delayed until after this year’s general election due to the Government’s focus on the COVID-19 pandemic...
VMIA snares Lloyd’s Singapore CEO for Melbourne role
06 July 2020
Angela Kelly, Lloyd’s Singapore CEO since November 2016, will relocate to Melbourne to take on the role of Chief Insurance Officer at The Victorian Managed Insurance Authority in September...
Code committee issues breach guidance
06 July 2020
The General Insurance Code Governance Committee has published a guidance note to assist subscribers with the reporting of significant breaches...
NZ regulator to provide update on insurance contract law reform
06 July 2020
New Zealand’s Financial Markets Authority has committed to reporting on the progress of key pieces of law reform such as its present insurance contract law review, including implementation dates and milestones...
WorkCover WA unveils new insurer standards
06 July 2020
WorkCover WA has published a set of standards outlining new service expectations for insurers...
Motor group proposes excess waiver for crash repairs
29 June 2020
The Motor Trades Association of Australia has proposed insurers waive consumer excess payments for authorised crash repairs as part of an SME assistance package that has received draft approval from the Australian Competition and Consumer Commission...
Councils flag insurance fears at bushfire royal commission
29 June 2020
Council chiefs have told the Royal Commission into National Natural Disaster Arrangements about their communities’ concerns about the cost and availability of insurance...
Canberra steps in with $50 million aid for insurance-hit production sector
29 June 2020
The Federal Government will provide $50 million in financial aid to kick-start the local film and television production industry, where new projects have stalled since the virus outbreak in March because insurers are declining cover for COVID-19 and other pandemic-related risks...
No profit: Vic builders may fix their cladding errors
29 June 2020
A new Victorian Government scheme to fix buildings with flammable cladding will see the original builders of affected properties rectifying their projects for cost...
WA follows NSW with virus cover change
29 June 2020
The WA Government has introduced a parliamentary Bill removing barriers for healthcare workers who contract COVID-19 on the job in accessing workers' compensation entitlements...
Law breaches not required for product intervention: ASIC
22 June 2020
The Australian Securities and Investments Commission says it is ready to use its new product intervention powers even when there have not been breaches of the law...
Insurers cheer ESL Monitor’s comments on levy’s impact
22 June 2020
The Insurance Council of Australia has welcomed concerns raised by the NSW Emergency Services Levy Monitor over the tax on insurance and its impact on the community...