16 September 2019
A Government-backed reinsurance pool or insurance mutual would provide only marginal premium relief – if any – for the north of Australia, the Insurance Council of Australia says in a submission...
16 September 2019
The Insurance Council of Australia has urged greater competition in icare’s claims management, as an independent review into the NSW workers’ compensation scheme continues...
16 September 2019
Insurers will need to give close consideration to the policy terms they include in standard form contracts when unfair contract terms laws are extended to the sector, law firm Clyde & Co says...
16 September 2019
An enforced four-day pause in the sale of add-on insurance would allow time for a purchasing “halo-effect” to fade, Treasury says in a consultation paper on proposed new rules...
16 September 2019
Draft regulations for financial product design and distribution obligations have not addressed Insurance Council of Australia concerns over how the rules will apply when policies are renewed...
16 September 2019
Treasury is seeking feedback on its draft legislation that would expand the supervisory powers of the Australian Securities and Investments Commission...
16 September 2019
The Australian Financial Complaints Authority is kicking off a six-month roadshow aimed at addressing Australians’ lack of awareness on how to resolve a dispute with insurers and other financial firms...
09 September 2019
Creating a government-backed cyclone insurance pool for northern Queensland could worsen problems at the expense of taxpayers, Suncorp says in a submission to the Australian Competition and Consumer Commission..
09 September 2019
NSW Better Regulation Minister Kevin Anderson says 553 NSW buildings still require detailed assessment over flammable cladding concerns...
09 September 2019
A ban on “uncontrolled” dry-cutting of material containing crystalline silica is now in effect in Victoria as the state government ramps up efforts to protect workers from deadly exposure...
09 September 2019
The proposed mandatory comprehensive credit reporting regime will help lenders’ mortgage insurers improve risk pricing, the Insurance Council of Australia says in a submission to Treasury...
09 September 2019
Insurance & Care NSW has contracted UK communications provider BT to protect its customer data and business operations from cyber threats...
02 September 2019
A coalition of consumer advocates wants the Government to take further its unfair contract terms (UCT) reform agenda for the insurance industry...
02 September 2019
The Insurance Council of Australia says a two-year transition will be needed to prepare for the extension of unfair contract term laws to the sector...
02 September 2019
The Australian Financial Complaints Authority has offered to assist in the use of a tough new product intervention power that aims to prevent consumer harm...
02 September 2019
Two consumer law firms have wholeheartedly backed plans by the corporate regulator to ban unsolicited telephone sales of direct life insurance and consumer credit insurance...
02 September 2019
Allianz Australia will regularly review its products and processes after agreeing to refund more than $8 million to purchasers of consumer credit insurance products that offered little value...
02 September 2019
Malicious or criminal attacks were the largest source of data breaches last quarter and the health and finance sectors were the most targeted, latest national figures show...
02 September 2019
Australian Securities and Investments Commission Chairman James Shipton says an over-reliance on disclosure has not served consumers well and the regulator will use expanded powers to take more forceful action where necessary...
02 September 2019
The corporate regulator has approved changes to allow the Australian Financial Complaints Authority to name the financial companies involved in consumer disputes...