VMIA updates list of builders' warranty insurance distributors
21 June 2021
The state-run Victorian Managed Insurance Authority has changed its panel of distributors for compulsory domestic building insurance following a tender process...
Regulatory & Government
SIRA invites submissions as NSW CTP scheme is reviewed
21 June 2021
NSW’s State Insurance Regulatory Authority is inviting public submissions relating to a statutory review of the state’s Compulsory Third Party scheme, which was introduced in 2017...
Queensland Budget 'fails to meet' mitigation, resilience challenges
21 June 2021
The insurance industry has responded with disappointment to the Queensland Government’s 2021/22 Budget, saying it falls short of what is needed to protect the state from extreme weather events...
SIRA appoints motor accidents insurance leader
21 June 2021
The NSW State Insurance Regulatory Authority has appointed Petrina Casey as Executive Director of Motor Accidents Insurance Regulation...
Treasury Taskforce hosts pool details meeting
07 June 2021
Representatives from major insurers and the Insurance Council of Australia have attended a roundtable with a Treasury-led taskforce as part of preliminary consultations on the Federal Government’s cyclone reinsurance pool...
icare cuts jobs, refines roles in latest shake-up
07 June 2021
NSW state-owned insurer icare is completing consultations over a reduction in headcount and is refining workplace roles as it seeks to streamline the organisation and improve efficiency and performance...
SIRA report reveals CTP insurers' claims performance
07 June 2021
The NSW State Insurance Regulatory Authority has released its compulsory third party claims experience and customer feedback comparison report...
NSW study flags insurance options to protect farmers
07 June 2021
A $2 million NSW government-funded farm risk management study has flagged some insurance-related tools for the agricultural sector to consider while dismissing the viability of using public finances to set up a farm income protection insurance market...
NSW floodplain reforms an important step: IAG
07 June 2021
IAG has welcomed NSW Government reforms to land use planning for flood-prone areas, which the insurer says will help to protect lives, property and infrastructure...
RBNZ says Accellion cyber attack cost $3.3 million
07 June 2021
The Reserve Bank of New Zealand calculates the final cost of its response to a cyber attack in December will be around $NZ3.5 million and says it was “over reliant” on file transfer system provider Accellion to alert it to vulnerabilities...
'Scrapping' schedule can help underinsured property investors
07 June 2021
A tax depreciation schedule can help property investors claw back thousands of dollars after natural disasters and provide some relief for many who are currently underinsured, according to BMT Tax Depreciation...
AFCA names new insurance lead ombudsman
31 May 2021
Emma Curtis is to take the role of Lead Ombudsman, Insurance at the Australian Financial Complaints Authority, effective August 9...
Federal Government to finalise class action response
31 May 2021
The Federal Government will finalise a response on litigation funding and class action reform proposals after completing further consultations this year...
NZ delays decision on Aon, WTW merger to July
31 May 2021
New Zealand’s Commerce Commission has extended a deadline for a decision on Aon’s merger with Willis Towers Watson until July 2...
NSW issues new flood-prone land planning rules
31 May 2021
The NSW Government will host two webinar sessions next month outlining new flood-prone land planning rules and guidelines which it says will promote “safety and certainty”...
Principles approach weighed in Corporations Act review
31 May 2021
The Australian Law Reform Commission is considering whether a more principles-based approach should be applied to financial services regulation in a bid to remove confusing complexity...
WorkSafe Victoria recovers $18,000 from worker who hid delivery income
31 May 2021
A Victorian man has been convicted of fraudulently receiving more than $18,000 in injury compensation payments and ordered to pay back the full amount to WorkSafe Victoria...
SIRA appoints new CEO
31 May 2021
The NSW State Insurance Regulatory Authority has appointed Adam Dent as its new CEO, starting July 5...
Government backing of locally-led recovery 'vital' for disaster resilience
31 May 2021
A virtual panel urges that disaster management for resilience be a core concern for leaders and says locally-led recovery from natural disasters, supported by state and federal governments, is key to improving hazard resilience within Australian communities...
Reinsurance pool feedback due mid-June
24 May 2021
A Federal Treasury-led taskforce examining the design of a northern Australia reinsurance pool has called for feedback by June 18 as it works toward having the program in place by the middle of next year...