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Regulatory & Government

ICA joins fresh call for building reforms

15 July 2019

The Insurance Council of Australia and four other industry bodies have today issued a joint call on the Federal Government to take a lead on reforming the troubled building industry...

NSW regulator slugs uninsured businesses

15 July 2019

The NSW State Insurance Regulatory Authority has issued more than 50 fines to employers that don’t have the right workers’ compensation insurance...

RBNZ accepts findings of CBL review

08 July 2019

The Reserve Bank of New Zealand has acknowledged being overly lenient in its handling of failed insurer CBL and admits it should have acted more urgently in addressing concerns...

Inquiry targets building industry regulation

08 July 2019

A NSW parliamentary committee will examine insurance arrangements as part of an inquiry into the troubled building industry, with plans to produce a final report by February...

EQC inquiry hears from insurers, consumers

08 July 2019

New Zealand’s Earthquake Commission public inquiry is engaging with insurers to discuss the future of the private market and how insurers can scale up to meet natural disaster costs...

ASIC chief flags court action on ‘wrongdoers’

01 July 2019

Insurers that mis-sell products to vulnerable customers will face court after the Australian Securities and Investments Commission (ASIC) warned it will use litigation to crack down on concerning industry practices...

Choice weighs in on ASIC product powers

01 July 2019

Choice wants the Australian Securities and Investments Commission to use its new product intervention powers to curb sales of “outright rip-offs” such as consumer credit insurance, funeral insurance and “tricky” life insurance policies...

Industry rebukes Fels’ fresh ‘loyalty tax’ claims

01 July 2019

The Insurance Council of Australia has rejected NSW Emergency Services Levy Insurance Monitor Allan Fels’ latest claim that premium discounts are a “deceptive loyalty tax” insurers employ to attract new customers...