23 March 2020
The Insurance Council of Australia is concerned plans by the prudential regulator to increase the transparency of published data could lead to a "weakening of competition and greater concentration" in certain product classes...
23 March 2020
A ceremonial hearing for the bushfire royal commission will be held in Canberra on Friday next week ahead of formal hearings in April...
23 March 2020
The Insurance Council of Australia is concerned over Treasury’s proposed measures to enhance existing unfair contract terms protections for small businesses...
23 March 2020
The Insurance Council of Australia has suggested the regulator should avoid a “hard-line” enforcement approach to new product design and distribution obligations when they first come into effect...
16 March 2020
The Australian Financial Complaints Authority received 7114 complaints against general insurers in the second half of last year, while $23.9 million in compensation was paid to complainants...
16 March 2020
NSW-based property specialist Kerin Benson Lawyers says it is investigating a potential class action against the trustees of the ACT’s Master Builders Fidelity Fund Scheme...
16 March 2020
Underpayments of statutory benefit entitlements to workers by NSW state insurer icare are estimated to have totalled as much as $40 million...
16 March 2020
The Australian Prudential Regulation Authority has appointed Renee Roberts as Executive Director of its Policy and Advice Division...
16 March 2020
The Australian Securities and Investments Commission is seeking feedback on proposed reforms related to advice fee consents and independence disclosures...
09 March 2020
The industry has urged Treasury to consider amending its draft legislation for a number of general insurance-related reform measures made by the Hayne royal commission…
09 March 2020
NSW state insurer icare has pledged to make good legacy underpayment of statutory benefit entitlements and says it won’t attempt to recover overpayments…
09 March 2020
The National Insurance Brokers Association has again called on the NSW Government to scrap the Emergency Services Levy, warning the “unfair” tax is worsening the state’s under-insurance problem…
09 March 2020
The Australian Prudential Regulation Authority has redirected “significant resources” towards understanding and responding to the impact of COVID-19 on the financial system…
09 March 2020
The Bushfire and Natural Hazards Co-operative Research Centre is hopeful efforts to secure a new round of finance will be successful and ensure its future when the terms of its current funding end in June 2021…
09 March 2020
Twelve motorists have been prosecuted in WA for providing false and misleading information in relation to motor-injury insurance claims…
09 March 2020
Attorney-General Christian Porter will refer the litigation funding of class actions and their regulation to a Federal Parliamentary committee inquiry…
09 March 2020
The South Australian Council of Social Service is calling on the state government to give consumers relief from tax on premiums to help households take up insurance…
09 March 2020
NSW state insurer icare says it is taking action to provide earlier premium notices and to prevent inaccuracies as it pursues performance improvements following recommendations from the State Insurance Regulatory Authority and a customer advocate report…
02 March 2020
Data breaches increased 19% to 537 in the second half of last year, compared to the first six months, with malicious or criminal attacks accounting for almost two-thirds of incidents, a regulatory report shows...
02 March 2020
The Australian Securities and Investments Commission has pledged to use its regulatory powers to provide interim protection for Australians affected by the recent bushfires as it waits for claims-handling reforms that are due in 13 months...