15 June 2020
The general and life insurance industries will likely pay about $16.44 million in levies for this financial year to fund the regulatory work of the Australian Securities and Investments Commission...
15 June 2020
A new Australian Securities and Investments Commission working group will monitor what it says is an increased risk of consumers being “exploited through misleading or fear-based advertising” in insurance...
15 June 2020
Firefighting experts are urging that state borders be “dissolved” during bushfires and that common training, communication systems and equipment be introduced and shared across regions to promote the most effective containment...
15 June 2020
Insurers could be hit with new claims from NSW apartment owners following the passage of a law this month to reform the troubled building sector, Wotton + Kearney has warned...
15 June 2020
Private insurers may again participate in the NSW Home Building Compensation Fund if they are allowed to limit insurance to high-risk builders, the National Insurance Brokers Association says...
15 June 2020
The General Insurance Code Governance Committee is concerned that making some parts of the code of practice legally enforceable will create a two-tier approach to the document...
15 June 2020
The NSW Government has introduced a bill in Parliament to set up a new one-stop tribunal – the Personal Injury Commission – to handle compensation claim disputes by workers and motorists...
15 June 2020
The Reserve Bank of New Zealand is introducing regular one-on-one meetings with actuaries which will not be attended by the management or board members of the designated insurer...
01 June 2020
The House of Representatives Standing Committee on Economics will this week scrutinise the insurance industry over a surge in code of practice breaches, as well as the sector’s COVID-19 response...
01 June 2020
An increase of more than 20% in the NSW Emergency Services Levy will have a dramatic effect on premiums this coming financial year, an insurer has warned...
01 June 2020
Aerial firefighting will be examined when the Royal Commission into National Natural Disaster Arrangements resumes hearings tomorrow...
01 June 2020
Insurers and brokers are urging insurance taxes be overhauled and governments ramp up disaster mitigation efforts in the wake of last summer’s devastating and costly bushfires...
01 June 2020
NSW state insurer icare has been instructed to keep its premium rates unchanged from June 30, saving businesses more than $325 million in an effort to boost confidence and stimulate the economy...
01 June 2020
Insurance companies should be getting ready for the extension of unfair contract terms obligations, the Australian Securities and Investments Commission says...
01 June 2020
New federal laws that will benefit insurtechs by reducing red tape and are aimed at promoting innovation by making it easier for fintech businesses to trial new products are set to take effect on September 1...
25 May 2020
Climate change and drier weather conditions are "loading the dice" as Australia’s bushfire risk increases, a Bureau of Meteorology scientist told the Royal Commission into National Natural Disaster Arrangements today...
25 May 2020
Australian Prudential Regulation Authority Chairman Wayne Byres says much of the planned policy and supervisory agenda for this year is likely to be pushed into 2021 as the COVID-19 response requires "all hands on deck"...
25 May 2020
Class action litigation funders will come under increased regulatory scrutiny following a Federal Government decision requiring that they hold an Australian Financial Services Licence...
25 May 2020
The National Insurance Brokers Association plans to step up its preparations for the new unfair contract terms regime that will commence next April...
25 May 2020
A Queensland cyclone resilience program that has strengthened more than 1700 homes and reduced premiums will receive an extra $21.25 million in a funding extension supported by insurers and brokers...