Regulatory & Government
22 July 2019
The Insurance Council of New Zealand wants the Ardern Government to change its “zero carbon” bill to safeguard the independence and expert advice of the proposed climate change commission...
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...
15 July 2019
Victoria has moved to allow building surveyors to hold professional indemnity cover with a cladding exclusion...
15 July 2019
The State Insurance Regulatory Authority is consulting on its plans for insurers to comply with new rules around claims...
15 July 2019
The 11 lenders providing consumer credit insurance in Australia have been ordered to undertake a large-scale remediation program for more than 300,000 customers...
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...
15 July 2019
The duty-of-disclosure rule should stay for commercial clients, the Insurance Council of New Zealand says, while backing reforms to consumer contracts...
08 July 2019
Building certifiers and surveyors in Queensland and NSW have been granted temporary exemptions to practice with cladding exclusions on their professional indemnity cover...
08 July 2019
The corporate regulator has warned legitimate car insurance claims are being withdrawn due to hostile claims investigation practices...
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...
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...
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...
08 July 2019
Treasurer Josh Frydenberg has appointed Stephen Ridgeway as an Australian Competition and Consumer Commission Commissioner for a term of five years...
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...
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...
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...
01 July 2019
The Australian Prudential Regulation Authority has released updated guidance on managing cyber crime and other information security risks...
01 July 2019
The NSW Government has released a discussion paper seeking feedback on its proposals to reform the building industry...
24 June 2019
The insurance industry has been urged to play a leading role in capturing data to show how the costs of transitioning to a low-carbon economy will evolve...
24 June 2019
The Federal and Queensland governments have agreed on a $100 million fund to repair and build resilient roads and other public infrastructure in the cyclone-prone northern region...