Choice demands abolition of lenders’ mortgage cover
26 March 2018
Consumer group Choice has called for lenders’ mortgage insurance to be abolished in response to the Productivity Commission’s draft report on competition in the financial system…
Regulatory & Government
ICA backs advice overhaul to assist consumers
26 March 2018
The Insurance Council of Australia has strongly supported “comprehensive reforms” to improve the quality of advice given to retail consumers…
PetSure rejects brand transparency proposal
26 March 2018
Hollard-owned PetSure has defended its underwriting dominance in pet insurance and says Productivity Commission draft recommendations to improve competition could have the opposite effect and disadvantage consumers…
ACT chooses new CTP scheme
26 March 2018
A citizens’ jury tasked with picking a new compulsory third party scheme for the ACT has chosen a model that covers all regardless of who is negligent…
ASIC and UK regulator step up fintech co-operation
26 March 2018
The Australian Securities and Investments Commission and its UK counterpart the Financial Conduct Authority have agreed to extend their co-operation on fintech innovation…
icare backs ‘non-medical’ recovery trial
26 March 2018
The Insurance & Care NSW Foundation will give $1.4 million to a recovery program that helps injured workers by addressing their social and mental needs…
WA raises workers’ comp premium rate
26 March 2018
WorkCover WA has announced an overall 3.9% rise in premium rates for compulsory workers’ compensation insurance next financial year…
ASIC to gain competition mandate, second deputy
19 March 2018
The Australian Securities and Investments Commission will have a competition mandate added to its role and appoint a second deputy chairman, Revenue and Financial Services Minister Kelly O’Dwyer said today…
ASIC zeroes in on cyber resilience
19 March 2018
Companies are still not spending enough to protect their assets from cyber threats, according to the Australian Securities and Investments Commission…
NSW a step closer to raising dam wall
19 March 2018
WaterNSW has awarded a $14.5 million contract to engineering consultant GHD and joint venture partner Stantec to create a design for raising the Warragamba Dam…
ICA targets new SA Government on stamp duties
19 March 2018
The Insurance Council of Australia has called on the newly elected SA Government to axe state insurance taxes, calling them “inefficient, unfair and inequitable”…
Asbestos removers back incentives to act
19 March 2018
Asbestos remediation companies favour a government incentive to encourage short-term methods of dealing with the material before it is removed, according to a report…
FMA investigation draws guilty plea
19 March 2018
New Zealand’s Financial Markets Authority says Garry James Patterson has pleaded guilty to two charges related to providing insurance policies…
ARPC works on risk mitigation guidebook
19 March 2018
The Australian Reinsurance Pool Corporation plans to produce an anti-terrorism guide for businesses…
APRA demands focus on cyber security
12 March 2018
The Australian Prudential Regulation Authority says insurers and other financial institutions need to lift their cyber-security efforts to comply with a new standard…
ASIC calls for action on CCI products
12 March 2018
Insurers should improve the value of consumer credit products and ensure they are offered only when there are clear benefits, Australian Securities and Investments Commission Deputy Chairman Peter Kell says…
NZ reviews ‘antiquated’ insurance contract law
12 March 2018
New Zealand’s insurance contract law is to be reviewed, with the Government describing current arrangements as “antiquated and fragmented”…
Victoria bans flammable cladding
12 March 2018
The Victorian Government will ban the most dangerous types of combustible cladding from being used on high-rise buildings…
ICA urges NT to ditch ‘regressive’ stamp duty
12 March 2018
The Insurance Council of Australia wants The NT Government to scrap insurance levies as it looks to improve its revenue base…
Inquiry probes Southern Response ‘spying’
12 March 2018
New Zealand’s State Services Commission says it will investigate whether Southern Response breached standards of integrity and conduct following allegations of spying from earthquake claimants…