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Regulatory & Government

Cyclone pool claims top $1.6b

12 October 2026

The cyclone pool has received 133,078 claims to date with a total net incurred value of about $1.65 billion, the latest statistics report says...

Data protection agency probes smart glasses app maker

12 October 2026

The Office of the Australian Information Commissioner has launched an inquiry into a Chinese smart glasses app maker after it failed to respond to questions about its safeguarding of personal data...

NZ add-on insurers ‘operate with integrity’

12 October 2026

New Zealand Labour’s plans for targeting add-on insurance need evidence and careful consideration, with regulations already covering the sector, the Financial Services Federation says...

Fraudsters sentenced in SIRA crackdown

06 October 2026

A woman has been jailed and thousands of dollars recovered through court action as the State Insurance Regulatory Authority cracks down on fraud...

Albanese orders cyber review after OpenAI breach

05 October 2026

Prime Minister Anthony Albanese has launched a “rapid review” to assess government cyber crisis response arrangements after an OpenAI agent gained unauthorised access to a Medicare statistics portal...

NZ Labour targets ‘junk’ add-on car insurance

05 October 2026

New Zealand’s Labour Party plans to ban "junk" add-on car insurance including paint and mechanical breakdown cover “that excludes almost everything that could break down”, if it wins the November election...

SIRA fines Woolworths for workers' comp breaches

05 October 2026

Woolworths has been issued a $50,000 civil penalty – the maximum possible – by the NSW State Insurance Regulatory Authority for breaches of its obligations as a self-insurer under the workers' compensation scheme...

Cyclone pool premium changes proposed

02 October 2026

Cyclone pool premium annual collections from insurers would increase to $770 million under draft rates proposed as part of the most comprehensive reassessment undertaken in four years...