17 June 2019
Cracks in Sydney’s Mascot Towers block that led to its evacuation on Friday are “symptomatic” of the troubled building industry, Insurance Council of Australia GM Risk Karl Sullivan says...
17 June 2019
The Insurance Council of Australia has criticised the increase in supervisory levies applied to the sector by the prudential regulator, with the rise outstripping that levelled on the banks...
17 June 2019
Accelerating climate change could destroy the industry’s ability to predict catastrophes based on past events, making it impossible to price future risk, the prudential regulator warns...
17 June 2019
The State Insurance Regulatory Authority has extended its consultation on the compliance and performance review of NSW workers’ compensation nominal insurer icare...
17 June 2019
The Insurance Council of Australia (ICA) has again urged the SA Government to scrap stamp duty on insurance products sold in the state...
11 June 2019
Performance data shows a major deterioration in the NSW workers’ compensation scheme, a former principal actuarial adviser to the State Insurance Regulatory Authority says…
11 June 2019
Quarterly reports from NSW Emergency Services Levy Monitor Allan Fels have not been published since late last year, with delays blamed on the state election in March…
11 June 2019
The Australian Prudential Regulation Authority is seeking $30 million from general insurers via the annual supervisory funding levy, and invites industry to respond by Friday…
11 June 2019
Hundreds of buildings in the City of Sydney area are at risk due to flammable cladding, the NSW Greens say…
11 June 2019
A typical Adelaide household will save about $200 a year after QBE and Allianz cut their compulsory third party premiums, according to SA Treasurer Rob Lucas…
03 June 2019
Actuaries must “have the courage” to speak up when they see signs of non-financial risk, an area where the Australian Prudential Regulation Authority has increased its focus…
03 June 2019
NSW MP Stephen Jones has been named Shadow Assistant Treasurer and Shadow Minister for Financial Services in the federal ALP’s shadow cabinet under new Opposition Leader Anthony Albanese…
03 June 2019
The Victorian Government has provided no funding in its budget for owners to remove flammable cladding from private residential buildings…
03 June 2019
The Victorian Government will cut funding on bushfire mitigation by $30 million and instead fund a greater emergency firefighting response, budget papers reveal…
03 June 2019
The Reserve Bank of New Zealand is engaging with insurers and reinsurers to better understand premium changes in high-risk areas such as Wellington…
03 June 2019
New Zealand’s budget introduces new funding to tackle climate change, as the Government targets zero non-agricultural carbon emissions by 2050…
03 June 2019
The Canterbury Earthquake Insurance Tribunal is expected to be up and running this month after the enacting egislation passed a final vote in New Zealand’s Parliament last week…
27 May 2019
Victorian Senator Jane Hume has been named as the new Assistant Minister for Financial Services, Superannuation and Financial Technology, with oversight of the general insurance industry…
27 May 2019
The Australian Securities and Investments Commission has been informed of a flawed lineslip facility that left Australian policyholders potentially exposed…
27 May 2019
State insurer icare has opened a tender for claims management services for its NSW Treasury Managed Fund workers’ compensation portfolio…