23 September 2019
The Insurance Council of Australia says a proposed increase in the Warragamba Dam’s capacity would only be used for flood control, and opponents of a wall-raising project may be over-estimating upstream impacts...
23 September 2019
The flood risk for more than 500 properties in Roma has been downgraded after the completion of an $8.3 million mitigation project in the south-western Queensland town...
23 September 2019
Insurers need to remedy their recovery planning significantly before they are judged to have credible plans in place, the Australian Prudential Regulation Authority says...
23 September 2019
The Victorian Building Authority will not halt its bid to pursue a disciplinary process against engineer Bruce Thomas, who worked on a high-rise apartment building that caught fire in February...
23 September 2019
The Australian Reinsurance Pool Corporation has appointed Helen Williams as COO...
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...