09 December 2019
The NSW State Insurance Regulatory Authority is seeking injury management consultants in the workers’ compensation system and authorised health practitioners for the compulsory third party scheme...
09 December 2019
WA is preparing residents for a high-risk bushfire season with a media blitz to raise awareness, while Victoria has gone on the attack with the formation of a fleet of 50 firefighting aircraft...
02 December 2019
Claims handling will become a financial service overseen by the Australian Securities and Investments Commission from July under draft legislation released on Friday...
02 December 2019
Unfair contract terms reforms that insurers say create too much legal uncertainty and may be detrimental to consumers have been introduced to Federal Parliament...
02 December 2019
Insurance and Care NSW will give larger clients the option of working with three additional workers’ compensation claims management agents, to enhance “choice and flexibility”...
02 December 2019
State and territory governments have collected a combined $54.7 billion from insurance taxes over the past 12 financial years, according to an Insurance Council of Australia submission...
02 December 2019
NSW should scrap all taxes and duties on general insurance products, IAG says, calling the adoption of such a move “an important first step” that would help address the state’s under-insurance problem...
02 December 2019
Customers affected by this month’s bushfires in NSW and Queensland are being offered assistance with various company-related fees they may owe...
02 December 2019
Using insurance to cover workplace safety breach penalties will be illegal under a NSW Parliamentary bill introduced ahead of possible national reforms...
02 December 2019
The NSW State Insurance Regulatory Authority says rising services use is driving surging healthcare costs in the workers’ compensation scheme...
02 December 2019
Australia’s financial regulators have agreed to a new mutual accord aimed at improving cooperation and information sharing between the pair...
02 December 2019
The Australian Prudential Regulation Authority should consider picking up the pace on its integration of new accounting standards into capital reporting requirements, the Insurance Council of Australia says...
02 December 2019
Australian Prudential Regulation Authority Chairman Wayne Byres says its proposals to overhaul remuneration standards to improve financial sector culture have caused “a fair amount of angst”...
25 November 2019
Consumers could ultimately be forced to pay higher premiums if the Government pushes ahead with its draft bill to extend unfair contract terms to insurance contracts...
25 November 2019
NSW state-owned icare has warned of another testing year after its main workers’ compensation scheme swung to a $876 million net loss amid falling bond yields and rising medical costs...
25 November 2019
The Australian Prudential Regulation Authority has put financial services firms on notice with its plans for scaling up a tougher approach towards governance, culture, remuneration and accountability...
25 November 2019
The NSW State Insurance Regulatory Authority is launching new customer service conduct standards for insurers who engage with people making a compulsory third party or workers’ compensation claim...
25 November 2019
Australia’s financial regulator is actively pursuing cases which will allow it to utilise new powers and penalties granted by Parliament...
25 November 2019
The Australian Financial Complains Authority has appointed Anna Campbell to a new position of General Counsel...
18 November 2019
The NSW Government has been urged to put on hold plans requiring building practitioners to hold full professional indemnity cover until it has engaged with the insurance industry...