04 June 2012
The International Association of Insurance Supervisors has released its proposed assessment methods for identifying “global systemically important insurers” – companies so large that their failure…
28 May 2012
NSW WorkCover will be improved by an earlier reduction in benefits and centralised independent medical assessment, the Insurance Council of Australia has told the parliamentary joint…
28 May 2012
SA’s compulsory third party insurance scheme is under review, with the State Government saying it’s not cost-effective and most of its resources are spent on minor claims…
28 May 2012
The Australian Prudential Regulation Authority says it wants to see significant improvement in the group life insurance market, where competition is putting pressure on pricing, underwriting…
28 May 2012
The Christchurch earthquakes caused more than $NZ20 billion ($15.4 billion) damage, and business disruption, insurance and other costs will add another $NZ10 billion ($7.7 billion) according to…
28 May 2012
The Australian Securities and Investments Commission has taken out an injunction to prevent a Sydney financial adviser from carrying on a financial services business…
21 May 2012
Regulations accompanying the Insurance Contracts Amendment Act are expected to take effect in the next few weeks…
21 May 2012
The Tasmanian Government has increased insurance taxes in its 2012/13 Budget as the state looks for other sources to compensate for falling revenue…
21 May 2012
WorkCover WA will no longer supply workers’ compensation claims histories to employers and prospective employers…
21 May 2012
Australian Securities and Investments Commission Chairman Greg Medcraft is to become chairman of the International Organisation of Securities Commissions next March…
21 May 2012
The Insurance Commission of WA will deliver a $30.4 million return to the state this year, a 45% increase, due to improved profitability and investment returns…
21 May 2012
The various parties involved in NSW WorkCover are squaring up over proposed reforms…
21 May 2012
Motor insurers’ profits and costs are to be looked at as the part of a NSW Government review of compulsory third party pricing…
21 May 2012
The WA Government has established an Office of Bushfire Risk Management to independently assess the risks of prescribed burns…
14 May 2012
The Federal Government will take $175 million from the Australian Reinsurance Pool Corporation in 2012/13 in a $100 million special dividend and a $75 million annual dividend…
14 May 2012
The Federal Government will be increasing broker and adviser licensing fees to cover the cost of the Future of Financial Advice reforms…
14 May 2012
The Federal Government has cut operational funding for the Australian Securities and Investments Commission in the coming year, but has provided extra funding for the regulator to monitor the…
14 May 2012
Lawyer Richard St John’s report into compensation for consumers has rejected a last resort scheme as “inappropriate and possibly counter-productive”…
14 May 2012
A review by the Federal Treasury office and targeted stakeholders into Australia’s terrorism insurance scheme has recommended that it should continue…
07 May 2012
The Australian Securities and Investments Commission has warned insurance brokers and financial planners about their use of the term “independent” after it found 21 cases of its misleading use…