30 August 2021
The NSW Government says it will introduce legislation covering a further eight recommendations from the McDougall review into state-owned insurer icare and workers’ compensation regulation...
30 August 2021
The Australian Prudential Regulation Authority intends to focus on insurance affordability challenges and climate risks facing the industry in the next few years...
30 August 2021
The Australian Prudential Regulation Authority has released its response paper confirming the finalisation of CPS 511, a prudential standard that is designed to strengthen remuneration practices across the insurance, banking, and superannuation industries...
30 August 2021
New Zealand health authorities say licensed insurers and broking services can carry on operating in the current lockdown, subject to the conditions as set out in a government gazette...
23 August 2021
The Underwriting Agencies Council says it has raised concerns about the proposed compensation scheme of last resort in a submission to Treasury...
23 August 2021
The Australian Prudential Regulation Authority will implement its proposal to determine general insurance class of business data submitted from the industry as non-confidential...
23 August 2021
A self-certification of autonomous vehicles process backed by the National Transport Commission is not rigorous enough to prevent serious safety breaches and, if introduced, must be compensated for in subsequent regulatory stages, IAG warns...
23 August 2021
The WA Government is inviting submissions to an independent review into February’s devastating Wooroloo bushfire which destroyed 86 homes and burned more than 10,000 hectares...
23 August 2021
The Insurance Council of Australia (ICA) is concerned about “key aspects” of the proposed Financial Accountability Regime (FAR) that will impact on the successful implementation of the reforms, the peak body says in a submission to Treasury...
16 August 2021
The Australian Securities and Investments Commission says it will take account of compliance “best efforts” when enforcing a suite of reforms including design and distribution obligations that take effect in October amid ongoing COVID-19 disruptions...
16 August 2021
Federal Parliament has passed legislation that will make temporary changes to stock exchange continuous disclosure rules permanent, reducing the risk of opportunistic class actions...
16 August 2021
The Federal Government will make some last-minute amendments to design and distribution obligations, due to come into effect in October, after potential unintended consequences and issues were pointed out as financial services firms prepared for the new laws...
16 August 2021
National Insurance Brokers Association CEO Dallas Booth has been appointed to an expert panel advising a Treasury taskforce on the planned northern Australia cyclone reinsurance pool...
16 August 2021
The WA Government has released a draft bill to replace “archaic” state worker’s compensation laws that date back 40 years...
09 August 2021
Some of Australia’s largest insurers are keen to set up workplace vaccine programs as the nation races to get jabs in arms to reduce reliance on lockdowns to control the spread of COVID-19...
09 August 2021
The prudential regulator has called on the general insurance industry to improve its internal stress testing capabilities, following an assessment last year to identify ways insurers can enhance their capital management practices and improve adversity resilience...
09 August 2021
The government-backed terrorism insurance scheme is “best placed” to provide property damage cover from cyber attacks launched by extremists, according to the National Insurance Brokers Association...
09 August 2021
NSW state insurer icare says the key 26-week return-to-work rate has held steady while its net promoter score has continued a rise that began last year...
09 August 2021
Building firm Hansen Yuncken has been appointed as managing contractor of NSW’s flammable cladding Project Remediate program, which is removing cladding from affected residential buildings in the state...
02 August 2021
Insurers and financial institutions that discriminate against industries such as coal mining are not supporting the national economy, business representative organisation Townsville Enterprise has told a Parliamentary Committee inquiry hearing...