insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2021 AFCA backs exploration of UK test case model https://www.insurancenews.com.au/regulatory-government/afca-backs-exploration-of-uk-test-case-model https://www.insurancenews.com.au/regulatory-government/afca-backs-exploration-of-uk-test-case-model The Australian Financial Complaints Authority has supported consideration of a UK-style legal test case model for issues with wide-ranging impacts, amid scrutiny over the insurance industry’s approach to business interruption matters...

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Mon, 19 Apr 2021 14:57:00 +1000
ASIC says nine insurance litigation cases underway https://www.insurancenews.com.au/regulatory-government/asic-says-nine-insurance-litigation-cases-underway https://www.insurancenews.com.au/regulatory-government/asic-says-nine-insurance-litigation-cases-underway The corporate regulator says nine cases of enforcement litigation regarding misconduct in insurance were underway at the start of the year as part of its push to pursue more court action...

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Mon, 19 Apr 2021 13:01:00 +1000
ALRC webinars focus on simpler regulation https://www.insurancenews.com.au/regulatory-government/alrc-webinars-focus-on-simpler-regulation https://www.insurancenews.com.au/regulatory-government/alrc-webinars-focus-on-simpler-regulation The Australian Law Reform Commission will host two webinars next month related to its work around simplifying corporate and financial services regulation...

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Mon, 19 Apr 2021 13:00:00 +1000
ICA to host stronger homes forum in Sydney tomorrow https://www.insurancenews.com.au/regulatory-government/ica-to-host-stronger-homes-forum-in-sydney-tomorrow https://www.insurancenews.com.au/regulatory-government/ica-to-host-stronger-homes-forum-in-sydney-tomorrow The third in a series of Building Stronger Homes roundtables will be held in Sydney tomorrow, exploring the role of construction standards in national natural disaster resilience...

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Mon, 19 Apr 2021 12:59:00 +1000
4WD Hire fined $1.2 million after falsely promising off-road cover https://www.insurancenews.com.au/regulatory-government/4wd-hire-fined-1-2-million-after-falsely-promising-off-road-cover https://www.insurancenews.com.au/regulatory-government/4wd-hire-fined-1-2-million-after-falsely-promising-off-road-cover Four-wheel-drive vehicle hire business Smart Corporation, which previously traded as Australian 4WD Hire and is now in liquidation, has been fined $1.2 million after making false and misleading representations to consumers about insurance cover...

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Mon, 19 Apr 2021 12:59:00 +1000
SIRA extends COVID-sparked role for psychologists https://www.insurancenews.com.au/regulatory-government/sira-extends-covid-sparked-role-for-psychologists https://www.insurancenews.com.au/regulatory-government/sira-extends-covid-sparked-role-for-psychologists The NSW State Insurance Regulatory Authority has extended the role of psychologists and physiotherapists in certifying an injured person’s fitness for work after the change was introduced last year due to the COVID-19 pandemic...

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Mon, 19 Apr 2021 12:58:00 +1000
Rival gets clearance to up stake in iSelect https://www.insurancenews.com.au/regulatory-government/rival-gets-clearance-to-up-stake-in-iselect https://www.insurancenews.com.au/regulatory-government/rival-gets-clearance-to-up-stake-in-iselect Plans by the owner of Compare the Market to raise its stake in iSelect look set to go ahead after the competition watchdog says it “will not oppose” the move...

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Mon, 19 Apr 2021 12:57:00 +1000
WorkCover WA raises premiums https://www.insurancenews.com.au/regulatory-government/workcover-wa-raises-premiums https://www.insurancenews.com.au/regulatory-government/workcover-wa-raises-premiums Rates for compulsory workers’ compensation insurance in WA are set for an overall increase of 4% for the next financial year...

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Mon, 19 Apr 2021 12:55:00 +1000