Hollard, reinsurers join hazards partnership
23 September 2024
Hollard and reinsurers Swiss Re and Munich Re have joined the Hazards Insurance Partnership of government and industry organisations...
Regulatory & Government
Import ban steps up engineered stone crackdown
23 September 2024
The federal government will ban the importation of engineered stone products from next year...
Watchdog examines ‘human impact’ in building cover probe
16 September 2024
The Victorian Ombudsman says it will examine systemic issues as part of an investigation into the state insurer’s handling of domestic building insurance claims...
ASIC warns industry on distribution failings
16 September 2024
The Australian Securities and Investments Commission says insurance and other financial product issuers need to improve their distribution practices or risk breaching compliance duties...
Privacy reforms introduced in parliament
16 September 2024
Draft privacy laws were tabled in federal parliament last week to implement the first tranche of reforms recommended by the Attorney-General’s Department...
More funding for Queensland flood program
16 September 2024
The Queensland and federal governments have announced an $18 million increase to the state’s Flood Risk Management Program via the Disaster Recovery Funding Arrangements...
Cyclone pool extension could add $35 million to losses
09 September 2024
Cyclone reinsurance pool average annual losses would increase by $20-$35 million if the cover period was extended to seven days after an event, research requested by the Assistant Treasurer shows...
Fine for car cleaner who defrauded workers’ comp scheme
09 September 2024
A Victorian man who ran a car detailing business while receiving injury support payments has been fined for defrauding the state workers’ compensation scheme...
WA to begin strata law review consultation
09 September 2024
WA will next month begin public consultations on a review of state strata legislation after major reforms were introduced four years ago...
ICNZ joins call for faster climate adaptation
09 September 2024
The Insurance Council of New Zealand has backed calls to speed up adaptation to climate change, after a report found action so far lacks the scale or pace required...
'On the front foot': mitigation efforts ramp up with latest DRF round
02 September 2024
The second round of Disaster Ready Fund allocations will back 164 projects aimed at improving resilience and preparedness for natural catastrophes...
Tasmania seeks home building warranty providers
02 September 2024
The Tasmanian government has opened a tender for insurers to provide home warranty cover under a new scheme that it expects will take effect next year...
APRA restructures for ‘swift’ reaction to evolving threats
02 September 2024
The Australian Prudential Regulation Authority has made structural changes in a bid to ensure it can handle emerging and future challenges...
WA builder fined over uninsured work
02 September 2024
A WA builder has admitted breaching home building contract laws after he started three jobs without mandatory insurance, leaving a property owner with more than $132,000 in costs...
ARPC outlines plan for ‘evolving’ cyclone, terror pools
02 September 2024
The Australian Reinsurance Pool Corporation has released its annual corporate plan outlining priorities for the cyclone and terrorism pools through to 2027-28...
Insurance focus sends ‘clear message’ to industry: ASIC commissioner
26 August 2024
The Australian Securities and Investments Commission says the industry has been “put on notice” after it listed the handling of weather-related claims as one of several focus areas...
CBL’s Harris hit with $1.3 million penalty for ‘serious breaches’
26 August 2024
New Zealand’s High Court has ordered former CBL Corporation MD Peter Harris to pay a $NZ1.4 million ($1.3 million) penalty for continuous disclosure and misleading conduct breaches...
NSW eyes emissions cuts as climate modelling paints bleak picture
26 August 2024
The NSW government has called for more action on greenhouse gas emissions amid warnings the state will face more fire risk days as climate change advances...
Queensland focuses on resilience after record disaster season
26 August 2024
The Queensland Reconstruction Authority has released a report targeting improved disaster responses after a record 13 events in the 2023-24 season...
Suncorp pushes case for Queensland CTP shake-up
19 August 2024
Suncorp says data on Queensland’s compulsory third party arrangements “points to a scheme in need of reform”, with the company’s market share to grow following last year’s withdrawal of RACQ Insurance...