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Regulatory & Government

Broker jailed for taking customers’ cash

15 April 2019

Former Phoenix Insurance broker Sergio Amaranti has been jailed for two years and nine months after diverting client refunds totalling about $200,000 to his own accounts…

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ICA warns of repairer exodus under claims reform

15 April 2019

Builders, smash repairers and other suppliers may withdraw their services if claims handling regulatory reforms are applied too broadly, the Insurance Council of Australia warns…

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Fels maintains push for premium details disclosure

15 April 2019

Providing details of the components that determine premiums will improve transparency and enable consumers to understand what policies cover, NSW Emergency Services Levy Insurance Monitor Allan Fels says…

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AFCA consults on naming and shaming

15 April 2019

The Australian Financial Complaints Authority will “run a limited consultation” with stakeholders on its plan to reveal the names of businesses involved in consumer disputes…

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Queensland unveils floodplain management plan

15 April 2019

Queensland has introduced a long-term flood resilience plan, building on work undertaken since the 2011 Brisbane floods…

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EQC inquiry calls for submissions

15 April 2019

Earthquake Commission public inquiry chairman Silvia Cartwright has called for submissions on ways to improve the state-owned insurer’s response to natural disasters…

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APRA calls for industry leadership on compliance

15 April 2019

The Australian Prudential Regulation Authority has called on the general insurance industry to show “greater leadership” in responding to consumer concerns…

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ASIC lays fewer charges

15 April 2019

The number of charges laid in criminal cases brought by the Australian Securities and Investments Commissions plunged in the second half of last year…

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Comcare names new CEO

15 April 2019

The Federal Government has appointed Sue Weston as Comcare CEO for a five-year term…

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WA workers’ comp rates increase 3.7%

15 April 2019

WA workers’ compensation premiums are set to increase 3.7% on average next financial year…

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