Regulatory & Government
23 April 2018
Penalties for corporate misconduct will be strengthened and the Australian Securities and Investments Commission given enhanced powers to investigate and punish white-collar crime, the Government says…
23 April 2018
Lenders’ mortgage insurance enhances competition for high loan-to-value ratio customers, which includes many first-time home buyers, QBE says…
23 April 2018
WA will allocate $80 million to its new Rural Fire Division – funded through a rise in the emergency services levy on council rates – and take further steps to reduce risks as it continues to respond to deadly bushfires two years ago…
23 April 2018
The Australian Securities and Investments Commission (ASIC) and Department of Jobs and Small Business have signed a memorandum of understanding to foster closer co-operation…
23 April 2018
The Australian Reinsurance Pool Corporation has made changes that will see two members of its senior executive team leave…
23 April 2018
The Australian Competition and Consumer Commission has appointed Mick Keogh as Deputy Chairman for a five-year term, starting from the end of next month…
23 April 2018
The Insurance Commission of WA will hold a forum with service providers to discuss ways to improve the Motor Vehicle Catastrophic Injuries Support scheme, which started in 2016…
16 April 2018
A “subsidy arrangement” to fund a government-backed insurance pool is the long-term solution to addressing the north’s premium woes, Allianz says…
16 April 2018
Insurers’ refusal to provide more clarity on how premiums are calculated makes it difficult for consumers to take the right risk decisions, according to the Financial Rights Legal Centre…
16 April 2018
A wave of companies have reported data breaches since the introduction of mandatory reporting…
16 April 2018
Controversial plans to change the way the New Zealand fire service levy is calculated have been delayed…
16 April 2018
The Australian Securities and Investments Commission is calling for comments on revised bills and regulations to introduce its fees-for-service funding model…
09 April 2018
Displaying previous-year premiums on renewal notices without context may encourage customers to make price-based decisions rather than considering if they have the right cover, Suncorp warns…
09 April 2018
The Australian Securities and Investments Commission has welcomed a Productivity Commission proposal that may extend a deferred sales model to all add-on insurance…
09 April 2018
The Insurance Council of Australia has rejected suggestions lenders’ mortgage insurance is unnecessary and could be replaced with increased interest rates on loans that require the cover…
09 April 2018
NSW will trial telematics to improve young drivers’ safety and reduce the state’s compulsory third party insurance costs…
09 April 2018
The Australian Securities and Investments Commission says companies must access an online portal between July and September to submit or validate their business activity metrics, as part of its new cost-recovery program…
09 April 2018
RAA Insurance has been fined $43,200 by the Australian Securities and Investments Commission over misleading representations about car insurance in TV advertising…
26 March 2018
Commonwealth Bank mis-sold consumer credit insurance to about 64,000 customers who did not meet employment eligibility criteria for claims, the royal commission into financial services misconduct heard last week…
26 March 2018
The Insurance Council of New Zealand will continue to seek improvements to the Earthquake Commission Act after welcoming changes announced by the Government last week…