06 November 2023
RAC Insurance has been ordered to put up an additional $20 million capital requirement and the measure will stay in place until the Australian Prudential Regulation Authority is satisfied existing governance issues have been addressed...
06 November 2023
The NSW Government has announced a $50 million commitment for Central West communities to help rebuilding efforts and improve flood mitigation...
06 November 2023
The Financial Markets Authority has again urged financial services providers to prioritise cyber resilience, reminding them it’s mandatory to notify the regulator of any material breaches...
30 October 2023
The NSW Government says it has taken action to prevent the construction of new housing developments in some areas at high risk of flooding in the Hawkesbury-Nepean Valley west of Sydney...
30 October 2023
General insurance complaints jumped 50% to 27,924 in the year to June, with claim handling delays again the top issue complained about at 28% of the total, the Australian Financial Complaints Authority says...
30 October 2023
Safe Work Australia has called on governments to ban the use of all engineered stone products “irrespective of crystalline silica content” on advice to help protect workers from dust-related diseases such as silicosis...
30 October 2023
New Zealand’s Serious Fraud Office says a leave to appeal application has been filed after the High Court last month found former CBL Insurance CEO Peter Harris and CFO Carden Mulholland not guilty on criminal charges...
30 October 2023
New Zealand’s Toka Tū Ake EQC is seeking feedback for the agency’s draft Code of Insured Persons’ Rights initiative, which aims to set expectations for fair and timely management and settlement of claims under the country’s natural hazard insurance scheme...
23 October 2023
The State Insurance Regulatory Authority says NSW workers’ compensation scheme return-to-work rates have stabilised and should improve as icare’s new claims management model gains traction...
23 October 2023
The Australian Securities and Investments Commission has made modifications to the reportable situations regime, which require licensees to submit notifications about breaches as defined in the Corporations Act and National Consumer Credit Protection Act 2009...
23 October 2023
The Resilient Building Council has released its “world-first” bushfire preparation mobile app to help homeowners assess and implement mitigation tactics against risks...
23 October 2023
The Australian Securities and Investments Commission has detailed its continuing effort to tackle insurer pricing misconduct in its annual report...
23 October 2023
The Australian Prudential Regulation Authority has launched discussion papers in collaboration with the Australian Securities and Investments Commission seeking feedback on proposals to enhance data collections for life and general insurance...
23 October 2023
WA is consulting on new workers’ compensation regulations after Parliament this month passed legislation to modernise laws previously described as “archaic”...
23 October 2023
The ACT Government has introduced new mental health protections to its work health and safety laws to help counter psychosocial hazards...
16 October 2023
The Australian Prudential Regulation Authority has started a general insurance climate vulnerability assessment that is examining long-term implications for the affordability of household cover...
16 October 2023
The Federal Government cyclone pool has started delivering strong savings in high-risk areas and is encouraging some insurers to write more business in the north, an Australian Reinsurance Pool Corporation executive says...
16 October 2023
The NSW Government has introduced greater fines and maximum prison time for manufacturers found breaching Work Health and Safety regulations relating to silica and asbestos protection...
16 October 2023
The NSW Parliament has passed legislation that sets out icare’s obligations and provides Treasury with powers to support improved transparency...
16 October 2023
The Auckland High Court has penalised Vero New Zealand $NZ3.9 million over broken discount promises made to thousands of customers, in proceedings lodged by the Financial Markets Authority...