Queensland gets $26 million resilience boost
01 November 2010
The Federal Government has announced a $26 million boost to Queensland’s ability to cope with natural disasters…
Regulatory & Government
NZ super regulator chief named
25 October 2010
After a global search, the NZ Government has recruited an expert from Australia – who is a Kiwi – to head its new Financial Markets Authority…
Insurance business numbers hold firm
25 October 2010
Insurance and financial services have bucked a business downturn to grow their numbers until the end of the 2009 financial year…
Business leaders ‘appalled’ by NSW backflip
25 October 2010
Business leaders have united to condemn plans by the NSW Government not to honour the national agreement to harmonise occupational health and safety laws…
Treasury relooks at life insurance commission ban
18 October 2010
Federal Treasury will consult with the life insurance industry before issuing a proposal on commissions next year…
Principal first funder to gain credit code exemption
18 October 2010
Premium funder Principal Finance says it has gained an exclusion from the new National Credit Code…
Vehicle write-off plan wins approval
18 October 2010
A national theft reduction body says a NSW ban on re-registering written-off vehicles is “a step forward” in efforts to stop car re-birthing across the state…
Plans for dealing with disasters welcomed
11 October 2010
The Federal Government has agreed to spend $12.5 million on disaster resilience initiatives in Queensland, SA and WA…
ACT lawyers attack CTP, workcover proposals
11 October 2010
An ACT Government plan to cap compulsory third party and workers’ compensation pay-outs in a bid to open up the market will “unfairly disadvantage” accident victims…
Insured Group cops listing fine, loses CFO
11 October 2010
Insured Group has been hit with a $NZ7500 ($5,728) fine for failing to have two NZ directors on its board earlier this year…
Advisers want fair deal on commissions
11 October 2010
Outgoing Association of Financial Advisers President Jim Taggart has called on the Federal Government to act fairly on commissions…
ICA keeps on eye on government climate change moves
04 October 2010
The Insurance Council of Australia will “monitor” the Federal Government’s proposed business roundtable on climate change…
APRA proposes prudential update
04 October 2010
The Australian Prudential Regulation Authority has released a new technical paper reviewing its capital requirements for general insurers – one of a series outlining the regulator’s proposals to update general and life insurers’ capital standards…
Losses continue at Queensland WorkCover
04 October 2010
WorkCover Queensland has reported a loss of $259 million for the 2009/10 financial year, an improvement on the previous year’s $567 million loss…
Lawyers round on NZ quake law
04 October 2010
The NZ legal profession says powers delegated to ministers under the new Canterbury Earthquake Response and Recovery Act are potentially at odds with the rule of law…
Tasmania keeps CTP premium down
04 October 2010
Tasmanians will be spared an annual increase in their compulsory third party insurance premiums for the sixth year in a row, according to Premier David Bartlett…
New capital regime may impact insurers
27 September 2010
The Australian Prudential Regulation Authority is examining the definition of “eligible capital” for general insurers in a broader review of general and life insurance capital standards…
WA body seeks national profile
27 September 2010
Workcover WA wants to strengthen its profile across Australia to ensure its views on a possible national scheme are heeded…
Pakistan’s economy harmed, says EFIC
27 September 2010
The economic costs of the recent floods in Pakistan are expected to be 25% of the country’s GDP, according to the latest Export Finance and Insurance Corporation World Risk Developments report…
Inquiry backs insurance tax cuts
20 September 2010
The abolition of cascading taxes on insurance has been recommended by a long-awaited cross-bench inquiry into the Victorian Government’s tax regime…