08 March 2021
The Australasian Institute of Chartered Loss Adjusters is developing guidelines for members on licensing requirements under new claims handling and settlement legislation passed late last year...
08 March 2021
NSW state-owned insurer icare has reduced the size of its Home Building Compensation Fund panel to nine distributors after completing a tender process...
08 March 2021
The Association of Litigation Funders of Australia has described as “legislative assault” the plans by the Federal Government to permanently ease the disclosure rules for listed companies...
08 March 2021
An independent review into icare has submitted its final report to the state insurer’s board, tabling 76 proposals to strengthen the organisation...
08 March 2021
The Reserve Bank of New Zealand has released revised principles for its Insurance Solvency Standards review that it says are more “fit for purpose” following feedback from the industry and other groups...
01 March 2021
The Australian Securities and Investments Commission will offer immunity to people who inform the regulator about misconduct they have engaged in with others and are prepared to co-operate on investigations and court action...
01 March 2021
The corporate regulator has pressed ahead with criminal proceedings against Allianz and its subsidiary AWP for allegedly making false or misleading statements to customers who were sold travel insurance products between 2016 and 2018...
01 March 2021
The Wivenhoe and Somerset class action has been partially settled for $440 million after a compensation agreement was reached with the Queensland Government and its statutory body, SunWater, law firm Maurice Blackburn announced last week...
01 March 2021
The NSW Personal Injury Commission has officially started operation, creating a new tribunal and “one-stop shop” for disputes related to the workers’ compensation and compulsory third party insurance schemes...
01 March 2021
A detailed study of the ten years since the Canterbury earthquake sequence that devasted New Zealand a decade ago has revealed insurers struggle to accurately estimate claim costs and to quantify uncertainty...
22 February 2021
NSW state-owned icare is introducing a risk and governance executive position as part of a leadership revamp announced by CEO Richard Harding, who took up the top role last month...
22 February 2021
The proposed merger of Aon and Willis Towers Watson could lead to adverse outcomes including higher charges for businesses that need specialised risk service from brokers, according to the competition watchdog...
22 February 2021
Treasury has started a review of the Australian Financial Complaints Authority after the scheduled process was delayed last year due to the coronavirus pandemic...
22 February 2021
The Australian Reinsurance Pool Corporation says it has finalised a $3.475 billion retrocession program for this year, with the latest arrangements including a change to improve the organisation’s capital strength...
22 February 2021
Treasury is considering requests for a number of areas to be exempt from a new add-on insurance deferred sales model, while consumer groups are pushing for minimal carve-outs...
22 February 2021
Proposed changes to permanently ease continuous disclosure requirements for listed companies will not water down the government’s ability to prosecute criminal breaches, or the regulator’s right to issue infringement notices and administrative penalties without proving fault, Treasury says...
15 February 2021
The $6.9 million professional indemnity insurance coverage secured by the Victorian Government is a “market first” for the construction sector, according to Lockton Companies Australia, the broker that arranged the exclusion-free program...
15 February 2021
Apartment owners whose properties require cladding remediation will get financial support from the NSW Government in the form of interest-free, 10-year loans...
15 February 2021
The State Insurance Regulatory Authority has given surgeons and medical groups until the end of next month to respond to plans to reduce fees charged in the NSW workers’ compensation scheme...
15 February 2021
The Financial Markets Authority has called on the High Court to impose a $NZ280,000 financial penalty against ANZ New Zealand for making false and misleading representations about credit card insurance...