24 May 2021
About $28.7 million in total levies is set to be recovered from the general insurance industry to support the prudential supervision of the sector, according to a discussion paper from Treasury...
24 May 2021
Financial services legislation and regulatory complexity is making it difficult for people to understand their legal obligations, the Australian Law Reform Commission has warned...
24 May 2021
The Victorian Government predicts revenue from insurance taxes will increase by 7.2% to $1.6 billion in the next financial year...
24 May 2021
New Zealand is designing a social unemployment insurance scheme to enable workers who lose their job to retain about 80% of their income for a period of time...
24 May 2021
ASIC has cancelled the Australian financial services licence of Robert Starky, a financial services provider based in Stanwell Tops, NSW, after he failed to pay as directed in a ruling by the Australian Financial Complaints Authority...
24 May 2021
The WA Government has advised property owners who may be affected by the closure of Pindan Group to immediately contact their home indemnity insurance provider, QBE Insurance...
24 May 2021
New Zealand’s Financial Markets Authority promoted Liam Mason to general counsel, responsible for advising the FMA executive and board and leading the enforcement, policy and governance, corporate legal and investigations teams...
17 May 2021
The Federal Budget has allocated funding to support development of a reinsurance pool for Northern Australia as part of measures to improve cover affordability in the region and has included increased mitigation spending to boost natural disaster resilience...
17 May 2021
The National Insurance Brokers Association has reiterated that commissions should remain, ahead of a review next year into the remuneration model as recommended by the Hayne royal commission in its final report...
17 May 2021
John Pollaers has been appointed the next independent chairman of the Australian Financial Complaints Authority, replacing Helen Coonan as she completes her term as the inaugural chair...
17 May 2021
The Reserve Bank of New Zealand says local insurers could be affected by court rulings on business interruption claims in other jurisdictions, despite similar issues not having been raised in the country...
17 May 2021
NSW will invite submissions on the performance of compulsory third party reforms introduced to streamline claims payments, reduce fraud and lower costs...
10 May 2021
The Federal Budget will tomorrow include a $600 million mitigation program, overseen by a new National Recovery and Resilience Agency, that will support community and household resilience projects...
10 May 2021
The National Insurance Brokers Association has pressed for changes to make it easier to provide personal advice to clients at an Australian Securities and Investments Commission roundtable...
10 May 2021
The Victorian state government has allocated a record $517 million funding package aimed at reducing bushfire risk for what it says are “longer, hotter fire seasons to come”...
10 May 2021
The insurance industry is working on a response to a natural disaster royal commission recommendation on consumer guidance for recognised retrofitting and mitigation works that will help with premium reductions...
10 May 2021
NSW has called for feedback on draft guidelines that aim to drive greater consideration of natural hazards in local council and state authority strategic planning...
03 May 2021
The NSW Government says 35 recommendations from the McDougall Review into state insurer icare will be immediately accepted while those requiring legislation will be responded to in due course...
03 May 2021
Fire and Emergency New Zealand should continue to be funded through an insurance-based levy as shifting to a property-based model would be costly, time-consuming and difficult to implement, the Department of Internal Affairs has said...
03 May 2021
NSW is consulting on potential personal injury arrangements for food delivery riders injured or killed at work as recent fatalities have highlighted risks created due to rising use of services such as Uber Eats, Menulog and Deliveroo...