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1. Revised code ‘will help with Hayne transformation’
   The General Insurance Code of Practice will be a crucial tool in helping the industry embed Hayne royal commission reforms, the Insurance Council of Australia says...
   Local | 19 Aug 2019 02:50pm
2. PI turmoil set to persist, says Aon
   Securing professional indemnity cover will remain tough for building certifiers and other high-risk professionals as insurers look to cut their losses, according to an Aon report...
   Local | 19 Aug 2019 02:50pm
3. ICA pushes for flood data access
   Access to local government flood data for Moreton Bay Regional Council and the City of Gold Coast would allow for more accurate pricing of premiums in the two Queensland precincts, the Insurance Council of Australia says...
   Local | 19 Aug 2019 02:49pm
4. Local company paves way as Australia-based Lloyd’s broker
   Lloyd’s has welcomed Wickshire as the market’s first Australian-based registered broker as rising technological uptake makes it easier to transact business from global locations...
   Local | 19 Aug 2019 02:48pm
5. Townsville property insurance losses estimate now $1.22 billion
   Industry losses on property insurance from Townsville’s summer flood, which began on Australia Day, have reached $1.22 billion, according to Swiss modeller Perils estimates...
   Local | 19 Aug 2019 02:47pm
6. Radio Rentals class action affirms disclosure trend: Allens
   A recent Federal Court of Australia order in the Radio Rentals class action indicates insurers are increasingly going to have to disclose details of their clients’ insurance policies, law firm Allens says...
   Local | 19 Aug 2019 02:47pm
7. Insurers seek building faults transparency
   Calculating potential underwriting losses from poor construction remains impossible as governments prove reluctant to share information on building issues, Insurance Council of Australia Head of Risk and Operations Karl Sullivan has told a NSW parliamentary inquiry...
   Local | 19 Aug 2019 02:47pm
8. Cost of fixing nation’s apartment crisis ‘in the billions’
   New research estimates that fixing defects in apartment buildings constructed in the last decade will cost $6.2 billion...
   Local | 19 Aug 2019 02:47pm
9. Bank wins appeal over indemnity claim
   The Bank of Queensland has won in its legal appeal to make an indemnity claim from its civil liability policy...
   Local | 19 Aug 2019 02:43pm
10. QC says insurers cutting defamation insurance capacity
    Anecdotal evidence suggests that insurers are reducing their capacity and availability for defamation cover amid an “explosion” in lawsuit damages, Victorian barrister David Gilbertson QC says...
    Local | 19 Aug 2019 02:42pm
11. Canterbury claims agency misled couple: NZ court
    The New Zealand High Court has ruled that Southern Response engaged in misleading and deceptive conduct in its handling of a Canterbury quake claim...
    Local | 19 Aug 2019 02:41pm
12. Treasurer puts industry ‘on notice’ as reforms roll out
    Insurance is squarely in the Federal Government’s sights, with Treasurer Josh Frydenberg setting out a schedule to rapidly introduce Hayne royal commission reforms...
    Regulatory & Government | 19 Aug 2019 02:32pm
13. Treasury to review timing of documentation for levies
    The Australian Prudential Regulation Authority may be open to changing the release date of the Cost Recovery Impact Statement that accompanies the annual supervisory funding levy consultations...
    Regulatory & Government | 19 Aug 2019 02:31pm
14. Insurance a priority in ASIC’s new corporate plan
    “Addressing harms in insurance” is one of seven top strategic priorities listed in the Australian Securities and Investments Commission’s (ASIC’s) new Corporate Plan, to be published at the end of the month...
    Regulatory & Government | 19 Aug 2019 02:30pm
15. APRA uses funds to recruit 150
    The Australian Prudential Regulation Authority is trying to boost its staff numbers by up to 150 people with additional funding provided by the Federal Government...
    Regulatory & Government | 19 Aug 2019 02:29pm
16. Home checks still needed in quake-hit region, ICNZ says
    The Insurance Council of New Zealand has warned property buyers in earthquake-affected Christchurch and surrounding areas to check carefully before buying homes...
    Regulatory & Government | 19 Aug 2019 02:27pm
17. Transport ministers seek CTP cover for automated vehicles
    Compulsory third party insurance schemes across Australia should be amended to cover automated vehicles, Australia’s transport ministers agreed at a meeting in Adelaide earlier this month...
    Regulatory & Government | 19 Aug 2019 02:26pm
18. ASIC updates climate change guidance
    The Australian Securities and Investments Commission has updated its guidance for climate change-related disclosure...
    Regulatory & Government | 19 Aug 2019 02:26pm
19. ARPC creates general counsel role
    The Australian Reinsurance Pool Corporation has promoted Janice Nand to a new position of General Counsel on its senior executive team...
    Regulatory & Government | 19 Aug 2019 02:25pm
20. New approach for NZ financial regulators
    The New Zealand Council of Financial Regulators is establishing a new vision to better coordinate financial system regulation and more effectively recognise the specific responsibilities of its member agencies...
    Regulatory & Government | 19 Aug 2019 02:24pm

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