NSW insurance regulator CEO departs
15 April 2024
The NSW State Insurance Regulatory Authority says CEO Adam Dent has resigned...
Regulatory & Government
ASIC prepares for CEO search
15 April 2024
The Australian Securities and Investments Commission will undertake a global CEO search from early next year...
NZ fire service seeks feedback on levy rise
15 April 2024
Fire and Emergency New Zealand is consulting on plans to increase levy revenues by 5.2% while changing the way the charge is applied to different insurance policies...
Flood probe hits road to Caboolture, Logan and Lismore
08 April 2024
The federal inquiry into insurers’ responses to the 2022 floods is this week travelling to regions hit hard by the catastrophes, holding hearings in Caboolture and Logan in Queensland and Lismore in northern NSW...
Lawyers demand gig workers’ comp reform
08 April 2024
Queensland must take urgent action to extend workplace injury rights to gig workers, the Australian Lawyers Alliance says...
NSW boosts funding for silicosis studies, treatment
08 April 2024
The NSW Government will deliver a $5 million grant to aid silicosis research and support for people affected by the disease...
Last resort payout scheme launches after long wait
08 April 2024
The Compensation Scheme of Last Resort has begun operations, ending a near-seven-year process to launch the body...
NSW funds insurer’s young driver safety study
08 April 2024
The NSW Government has helped fund Suncorp and the University of Melbourne’s research into young driver behaviour and road accident risk...
Pet insurer warned over broken discount promises
08 April 2024
New Zealand’s Financial Markets Authority has issued a warning to Southern Cross Pet Insurance for breaking discount promises to thousands of customers...
Regulator checks up on climate risk management
08 April 2024
The Australian Prudential Regulation Authority will hold a voluntary climate risk self-assessment survey as part of its supervision of the ways businesses are managing the threat...
Court dismisses unfair contract term proceedings against insurer
25 March 2024
Auto & General has prevailed in proceedings launched by the corporate watchdog over a contract term requiring home and contents policyholders to inform the insurer of any changes to insured properties...
Operational risk management reform looming: Xceedance
25 March 2024
Consulting firm Xceedance says insurers should be planning now for the introduction of key regulatory reforms including a new operational risk management standard...
NSW panel holds first meeting on ESL reform
25 March 2024
The NSW Government has held initial meetings with a newly formed expert panel to discuss models to replace the Emergency Services Levy...
IAIS seeks feedback on third climate risk consultation
25 March 2024
The International Association of Insurance Supervisors has launched a third consultation as part of work to promote a globally consistent approach to climate-related risks...
EML videos explain workers’ compensation claims process
25 March 2024
EML Group has produced a series of videos to help employers understand the claims process...
New WA workers’ compensation laws start in July
25 March 2024
The revamped WA workers’ compensation regime will start on July 1 after the state’s parliament passed the reforms last year...
Standardised definitions ‘won’t solve everything’
18 March 2024
Standardised definitions of natural hazard terms could reduce confusion, but won’t solve all coverage and claims issues, Treasury has warned a Federal Government Inquiry into insurers’ responses to the 2022 floods...
‘Take ownership of challenges’: APRA urges industry to step up
18 March 2024
The Australian Prudential Regulation Authority has urged insurers to “take ownership” of the raft of challenges facing the industry, saying the actions they take are key to the future of their sector...
Hazards partnership plans for year of progress
18 March 2024
The Hazards Insurance Partnership of government and industry representatives has set out its focus areas for this year...
New Zealand to consult insurers on climate adaptation
18 March 2024
New Zealand’s government is working on a Climate Adaptation Framework and plans to invite input from insurers and banks later this year, Small Business and Manufacturing Minister Andrew Bayly says...