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Regulatory & Government

SIRA investigates CTP for taxis, ride-sharing

16 December 2019

The NSW State Insurance Regulatory Authority is consulting on compulsory third party arrangements for taxis and ridesharing services such as Uber after transitional requirements expire next December...

Hospitals embrace study on early intervention

16 December 2019

An early intervention program backed by claims manager EML has proved so successful at reducing costs and lost workdays for injured staff that it has been adopted by all NSW public hospitals...

Victoria to put workers’ comp outsourcing under review

09 December 2019

The Victorian Government will review the outsourcing of workers’ compensation complex claims to agents that include insurers after an Ombudsman report said the current system is delivering some results that are unjust and “downright immoral”...

NZ seeks more input on unfair contract terms

09 December 2019

New Zealand will consult further on plans to remove unfair contract terms insurance exemptions as it considers aligning the rules with proposed changes in Australia...

Insurer applauds new “claim farmer” laws

09 December 2019

RACQ Insurance has welcomed new laws stopping uninvited phone calls from “claim farmers” relating to car crashes, but says the new legislation does not go far enough...

Treasury opens claims bill consultation

02 December 2019

Claims handling will become a financial service overseen by the Australian Securities and Investments Commission from July under draft legislation released on Friday...

Controversial UCT reforms enter Parliament

02 December 2019

Unfair contract terms reforms that insurers say create too much legal uncertainty and may be detrimental to consumers have been introduced to Federal Parliament...

icare unveils extra claims management agents

02 December 2019

Insurance and Care NSW will give larger clients the option of working with three additional workers’ compensation claims management agents, to enhance “choice and flexibility”...

IAG urges NSW to ditch insurance taxes

02 December 2019

NSW should scrap all taxes and duties on general insurance products, IAG says, calling the adoption of such a move “an important first step” that would help address the state’s under-insurance problem...

NSW to ban insurance for work safety fines

02 December 2019

Using insurance to cover workplace safety breach penalties will be illegal under a NSW Parliamentary bill introduced ahead of possible national reforms...

ICA seeks faster APRA action on accounting changes

02 December 2019

The Australian Prudential Regulation Authority should consider picking up the pace on its integration of new accounting standards into capital reporting requirements, the Insurance Council of Australia says...

Remuneration reforms causing angst: APRA

02 December 2019

Australian Prudential Regulation Authority Chairman Wayne Byres says its proposals to overhaul remuneration standards to improve financial sector culture have caused “a fair amount of angst”...