Regulatory & Government
14 October 2024
The WA government has reached an agreement with Nicheliving that provides a “pathway” for the builder’s customers to access home indemnity insurance for their unfinished properties...
07 October 2024
QBE executives championed the Hazards Insurance Partnership as key to limiting price increases at last week’s session of the Senate inquiry into the impact of climate risk on premiums...
07 October 2024
Cyclone pool premium pricing will include strata mitigation discounts from next April following feedback obtained during a consultation...
07 October 2024
Australia and 38 countries including the US and Britain have agreed new guidance to support organisations hit by ransomware attacks and strengthen cyber resilience...
07 October 2024
The Insurance Council of New Zealand says a new national direction to councils should stipulate that they avoid building in locations at high risk of natural hazards...
30 September 2024
Proposed structural changes at icare are expected to get underway on October 8, a spokesperson for the NSW insurer tells insuranceNEWS.com.au...
30 September 2024
Shadow Minister for Financial Services Luke Howarth has hit out at the Albanese government over its advice reform agenda...
30 September 2024
NSW residents have been urged to reduce their property’s fire risk as the state prepares for its bushfire season...
30 September 2024
The WA government has released a revised bushfire policy that will remove more than 4500 urban properties from a list of bushfire-prone areas...
23 September 2024
The NSW government says there is “more to come” on strata reforms after last week passing legislation to improve disclosure and toughen penalties...
23 September 2024
Fire and Emergency New Zealand will raise its insurance levy rate by 2.2% from July 2026, instead of 5.2% as proposed in a public consultation...
23 September 2024
Hollard and reinsurers Swiss Re and Munich Re have joined the Hazards Insurance Partnership of government and industry organisations...
23 September 2024
The federal government will ban the importation of engineered stone products from next year...
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...
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...
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...
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...
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...
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...
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...