Regulatory & Government
28 October 2013
The Australian Securities and Investments Commission has forced Insure 247 – which is an authorised representative of Ausure Insurance Brokers – to change misleading or deceptive advertising on its websites…
28 October 2013
Bernie Ripoll has been appointed Opposition spokesman for Financial Services and Superannuation, bringing experience in the sector to the position…
28 October 2013
The Insurance Council of Australia has called on the Tasmanian Government to scrap its 10% stamp duty on insurance and property and its fire services levies on insurance…
28 October 2013
Carelessness may be to blame for brokers charging Victoria’s fire services levy on policies after its July 1 removal…
28 October 2013
WorkCover Queensland incurred net claims of $1.14 billion last financial year, down 7% due to a lower outstanding claims liability…
28 October 2013
The Reserve Bank of New Zealand wants to treat financial reinsurance as a loan when calculating an insurer’s minimum solvency capital…
21 October 2013
The Queensland Government has given the Insurance Council of Australia full access to its flood data, in a bid to address affordability issues…
21 October 2013
The International Association of Insurance Supervisors has proposed standards for insurance company boards, policyholder protection schemes and risk management policies that cover…
21 October 2013
The Australian Reinsurance Pool Corporation is close to announcing a new CEO after David Matcham left on October 4, concluding his three-year contract…
21 October 2013
The Queensland Government will exclude minor injuries from common law claims under amendments to its WorkCover legislation…
21 October 2013
Victoria is to tighten its rules on compensation payments for long-term, serious mental injury following traffic accidents…
14 October 2013
Insurers are concerned about plans to develop a risk-based global insurance capital standard, the Insurance Council of Australia says…
14 October 2013
Employers in SA can now nominate which agent will manage their WorkCover claims next year…
14 October 2013
The Insurance Council of Australia has opposed plans for more stringent adviser education requirements, arguing they will create a barrier to careers in the industry and will increase costs…
14 October 2013
A small group of Victorian brokers face fines of up to $10 million after Victoria’s Fire Services Levy Monitor said it is investigating complaints from people who say they were charged the levy after it was dropped…
14 October 2013
Christchurch City Council has no power to impose stricter building-strengthening rules, according to a court ruling that could save insurers millions of dollars…
14 October 2013
New Zealand’s Earthquake Commission was complacent and poorly prepared for the Canterbury disasters, according to a report…
07 October 2013
The WA Government plans to overhaul the state’s Workers’ Compensation and Injury Management Act after a series of “piecemeal” changes over the past 30 years…
07 October 2013
New Zealand’s Accident Compensation Corporation made a $NZ4.93 billion ($4.34 billion) surplus last financial year and could be fully funded by 2019…
07 October 2013
The Australian Securities and Investments Commission has cancelled a Perth planning company’s financial services licence after it failed to obtain professional indemnity insurance and entered…