Dangerous cladding taskforce sounds premium alarm
22 October 2018
The Victoria Cladding Taskforce has warned buildings with combustible cladding will cost more to insure…
Regulatory & Government
ARPC delivers improved surplus
22 October 2018
The Australian Reinsurance Pool Corporation had about $13.4 billion in funding capacity for terrorism-related claims last financial year…
APRA ‘needs to reflect’ on performance
15 October 2018
The Australian Prudential Regulation Authority has bowed to criticism of its approach to poor conduct following the Hayne royal commission and will review its processes…
NZ opens Christchurch claims resolution service
15 October 2018
A free one-stop facility has been established to fast-track outstanding Christchurch quake-related insurance claims…
ICNZ renews attack on ‘unfair’ fire levy
15 October 2018
The Insurance Council of New Zealand has again pushed for abolition of the fire and emergency services levy imposed on insurance policies…
NZ injury insurer to refund $90 million
15 October 2018
New Zealand’s Accident Compensation Corporation has started to refund about $NZ100 million in overpayments collected from more than 300,000 businesses dating back to 2002…
icare names workers’ comp award finalists
15 October 2018
Insurance & Care NSW has announced the finalists for its Care and Service Excellence Awards…
WA commission goes the distance to settle claims
15 October 2018
Insurance Commission of WA claims officers and legal representatives hit the road last week to settle motor injury claims in the remote Pilbara and Kimberley regions…
Claims handling exemption talks on hold
08 October 2018
A Treasury consultation on removing a claims handling exclusion from the financial services definition in the Corporations Act has been overtaken by the Hayne royal commission…
‘Forceful’ ASIC starts trust rebuilding mission
08 October 2018
The Australian Securities and Investments Commission has vowed to be a “forceful regulator” as it seeks to restore trust in the scandal-tainted financial services sector…
Government moves to manage automated vehicles
08 October 2018
The Commonwealth Government has spent has spent $9.7 million to establish an Office of Future Transport Technologies to manage the impending influx of automated vehicles…
Greenslip premiums plunge after NSW reforms
08 October 2018
The average premium for compulsory third party greenslip insurance has dropped by more than $130 in NSW, following reforms to the scheme…
WA cracks down on cladding
08 October 2018
Authorities in WA have introduced building regulations restricting the use of combustible material on high-risk property facades…
NSW unveils cyber security plan
08 October 2018
The NSW Government has detailed its plans to counter and respond to cyber attacks…
ASIC signs fintech deals with US, Luxembourg
08 October 2018
The Australian Securities and Investments Commission has added the US and Luxembourg to its growing network of fintech partners…
Automated cars raise data privacy issues
01 October 2018
Government access to personal and sensitive information generated by automated vehicles may create privacy worries that hinder uptake of the new technologies, the National Transport Commission has warned…
Treasury consults on corporate penalties reform bill
01 October 2018
Treasury is seeking feedback on draft legislation to introduce a stiffer penalty regime for corporate and financial sector misconduct…
APRA stability focus won’t offer competition protection
01 October 2018
Australian Prudential Regulation Authority Chairman Wayne Byrnes says competition in the financial services sector will intensify due to new technologies and shifting consumer attitudes, and the regulator will not stand in the way of change…
Insurers make up 20% of product breaches
01 October 2018
General insurance and life insurance caused 20% of financial services product breaches, according to an Australian Securities and Investments Commission report on breach reporting obligations…
WA holds second bushfire mitigation summit
01 October 2018
The WA Government will hold a bushfire mitigation summit this month, and will include input from volunteer firefighting brigades…