05 August 2019
Dan O’Brien, once chief of staff to former Victorian premier John Brumby, has been appointed CEO of Cladding Safety Victoria as the state undertakes a $600 million program of rectification works on hundreds of buildings...
05 August 2019
The Australian Financial Complaints Authority has promoted Dr June Smith to deputy Chief Ombudsman. She was previously Lead Ombudsman Superannuation, Advice, Investments and Life Insurance...
05 August 2019
Industry confidence in the Australian Prudential Regulatory Authority remains high, according to its most recent stakeholder survey...
29 July 2019
The National Insurance Brokers Association says a meeting with Treasury last week has opened the way for developing an approach to new product design and distribution rules that will work for the insurance sector...
29 July 2019
A parliamentary committee that questions the CEOs of Australia’s big four banks annually is expected to have its mandate extended to include insurance industry executives...
29 July 2019
The Australian Prudential Regulation Authority plans to limit the focus on financial performance benchmarks in corporate incentive packages as it seeks to elevate the importance of culture and customer outcomes...
29 July 2019
Insurers involved with Queensland’s compulsory third party scheme have again pushed for deeper reforms to fix the widespread problem of “claim farming” plaguing the system...
29 July 2019
The icare Foundation has established a $3 million pool to fund ideas to prevent injuries in the construction industry...
29 July 2019
New Zealand’s Financial Markets Authority has set out seven areas of concern it wants to address in the life sector over the next financial year...
22 July 2019
The Australian Securities and Investments Commission is seeking feedback on whether its proposed ban on unsolicited phone sales for consumer credit insurance and life insurance should apply more widely...
22 July 2019
NSW Emergency Services Levy Insurance Monitor Allan Fels says recent research shows that, on average, customers renewing their insurance policy pay 34% more than new customers...
22 July 2019
The Australian Prudential Regulation Authority has been told to end its “culture of conformity” and tackle risks including cultural issues and cyber threats, and to restructure to create insurance, banking and superannuation divisions...
22 July 2019
The SA Parliament has launched an inquiry into the state motor insurance and car repair industry...
22 July 2019
The Insurance Council of New Zealand wants the Ardern Government to change its “zero carbon” bill to safeguard the independence and expert advice of the proposed climate change commission...
15 July 2019
The Insurance Council of Australia and four other industry bodies have today issued a joint call on the Federal Government to take a lead on reforming the troubled building industry...
15 July 2019
Victoria has moved to allow building surveyors to hold professional indemnity cover with a cladding exclusion...
15 July 2019
The State Insurance Regulatory Authority is consulting on its plans for insurers to comply with new rules around claims...
15 July 2019
The 11 lenders providing consumer credit insurance in Australia have been ordered to undertake a large-scale remediation program for more than 300,000 customers...
15 July 2019
The NSW State Insurance Regulatory Authority has issued more than 50 fines to employers that don’t have the right workers’ compensation insurance...
15 July 2019
The duty-of-disclosure rule should stay for commercial clients, the Insurance Council of New Zealand says, while backing reforms to consumer contracts...