19 November 2012
The Victorian Government is proposing fines of up to $500,000 for individuals and $10 million for companies that take advantage of consumers during the transition from the fire services levy…
19 November 2012
South Australia is the latest state to take out terrorism insurance after a drop in the cost of cover…
19 November 2012
General insurers must ensure comparison advertisements feature products with sufficiently similar attributes, according to new regulatory guidelines…
19 November 2012
Opening Queensland’s workers’ compensation scheme to the private sector will benefit injured workers and create more competitive premiums, according to Suncorp…
12 November 2012
Earthquake Commission Chairman Michael Wintringham has suggested that private insurers are trying to shift earthquake costs to the state-owned organisation…
12 November 2012
General insurers face the strategic challenge of maintaining profitability in a climate of lower interest rates, higher reinsurance costs and new forms of competition, Australian Prudential Regulation Authority…
12 November 2012
The Australian Prudential and Regulation Authority took 36 enforcement actions related to general insurance in 2011/12, compared with only two the year before…
12 November 2012
The insurance cost of the Canterbury earthquakes has topped the previous estimate of $NZ30 billion ($23.8 billion) as the cost of claims continues to rise…
12 November 2012
The growth in financial services, their increasing complexity and the need for proactive regulation are the three key challenges facing the Australian Securities and Investments Commission, says ASIC…
12 November 2012
The Reserve Bank of New Zealand is about to begin a consultation on financial reinsurance agreements…
05 November 2012
The Australian Prudential Regulation Authority has acted on industry concerns about general insurance capital standards reporting…
05 November 2012
Rising insurance premiums have flowed through to the Australian Reinsurance Pool Corporation, which made an operating profit of $83.49 million for the 12 months to June 30, up 36% on the previous…
05 November 2012
Consultation on changes to the funding of NSW’s emergency services has now closed, after it was extended from October 8 to October 31…
05 November 2012
The Federal Government hopes to save $22.9 million over the next four years by cutting its subsidy for doctors’ medical indemnity insurance…
05 November 2012
Corporate behaviour appears to be improving, with reports of alleged misconduct falling to their lowest level in four years, according to the Australian Securities and Investments Commission…
05 November 2012
The International Association of Insurance Supervisors says setting standards to meet members’ needs is one of its key challenges…
05 November 2012
Paul Barker will stay on as Chairman of Victoria’s Transport Accident Commission despite resigning as deputy chairman of WorkSafe Victoria in protest at the appointment of CEO Denise Cosgrove…
29 October 2012
The National Insurance Brokers Association will not register its recently released code of practice under the new Australian Securities and Investments Commission regulations…
29 October 2012
The Federal Government is working on disaster mitigation overseas and at home, Attorney-General Nicola Roxon told the Asian Ministerial Conference on Disaster Reduction in Indonesia last week…
29 October 2012
New Zealand’s Accident Compensation Corporation expects to reduce levy rates for workers and earners next financial year…