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...
18 November 2019
The Australian Securities and Investments Commission’s planned deferred sales model should be amended to remove some of the “granular and rigid” sections, according to feedback...
18 November 2019
New Zealand’s Earthquake Commission says it is continuing to overhaul its operating model following failures identified after the devastating Canterbury earthquakes...
18 November 2019
A WA court ruling has highlighted the insurance obligations of owner-builders if they sell their property within seven years of receiving a permit, the state’s regulator says...
18 November 2019
WorkCover WA has appointed Chris White as CEO for five years. His term started last week...
11 November 2019
The Australian Financial Complaints Authority will update publicly released data twice a year that identifies individual insurers as it aims to boost performance through increased transparency...
11 November 2019
There have been 36 notifications of cyber breaches in the four months since the Australian Prudential Regulation Authority’s cyber-security information standard was implemented, the regulator says...
11 November 2019
New Zealand has passed legislation to drive the country towards zero net carbon emissions by 2050, with the exclusion of short-lived gases emitted by plant and animal sources...
11 November 2019
The Insurance Council of Australia has again urged the NSW Government to reform the Emergency Services Levy after an erroneous note was sent to insurers by Revenue NSW...
11 November 2019
The NSW Government has cited security concerns, such as arson and terrorism, as the reason for its decision not to release to the public the list of 444 buildings in the state with potentially dangerous cladding...
11 November 2019
The ongoing professional indemnity stalemate could drag on longer than expected, according to the Insurance Council of Australia..
11 November 2019
NSW state insurer icare has reappointed Allianz, EML and QBE and added GIO to provide claims management services for the Treasury Managed Fund workers’ compensation portfolio...