insuranceNEWS.com.au - Regulatory & Government

State’s workers’ comp underwriting loss deepens

Mon, 01 Dec 2025 04:21:54 GMT

The NSW workers’ compensation scheme has reported a $3.2 billion underwriting loss as the number of psychological injuries rose 20%, state insurer icare’s annual report says...

Psychological injury reform suffers hold-up

Mon, 01 Dec 2025 04:21:43 GMT

A workers’ compensation bill that would change psychological impairment thresholds failed to pass NSW parliament in the final week of sittings for the year...

ICA urges regulators to rethink add-on, advice rules

Mon, 01 Dec 2025 04:05:19 GMT

Reporting requirements should be reviewed to remove duplication and regulations should be proportionate to risk, the Insurance Council of Australia has told the Council of Financial Regulators...

Queensland appoints building regulator board members

Mon, 01 Dec 2025 04:05:01 GMT

The Queensland government has named five new board members for the state building regulator, adding to appointments made earlier this year...

Builder suspended amid insurance fraud probe

Mon, 01 Dec 2025 04:04:43 GMT

A builder has been suspended after being accused of using false or misleading insurance certificates for renovations in Victoria...

NSW names new reconstruction chief

Mon, 01 Dec 2025 04:04:32 GMT

The NSW Reconstruction Authority has appointed experienced emergency management executive Kate Fitzgerald as CEO...

Workers’ comp shake-up ‘heightens scrutiny’ on mental injury claims

Mon, 24 Nov 2025 04:12:35 GMT

Workers’ compensation reforms passed by the NSW parliament last week include updated definitions for psychological injuries and streamlined impairment assessments...

Industry hails state’s CTP claims farming ban

Mon, 24 Nov 2025 04:12:29 GMT

The Insurance Council of Australia has welcomed legislation introduced to the NSW parliament last week outlawing the farming of compulsory third party claims...

Broker directors fined after failing to lodge reports

Mon, 24 Nov 2025 04:12:12 GMT

Two directors of Sheffield Insurance have been fined $15,000 over their roles in the WA brokerage failing to lodge financial statements and auditors’ reports with the corporate regulator for five years...

Trowbridge details expected strata broker fees

Mon, 24 Nov 2025 04:11:47 GMT

NSW Fair Trading has released a report by consultant John Trowbridge that sets out benchmarks for strata manager and broker charges, assisting consumers in assessing insurance proposals...

NSW ‘listens and acts’ on Black Summer inquiry findings

Mon, 24 Nov 2025 04:11:34 GMT

The NSW government says it has acted on all 76 recommendations made by a state-commissioned inquiry into bushfire resilience...

State insurer elevates deputy chair

Mon, 24 Nov 2025 04:11:22 GMT

The Victorian Managed Insurance Authority says deputy chair Helen Silver will succeed Elana Rubin as chair...

Relief as NZ freezes natural hazards levy

Mon, 24 Nov 2025 04:11:13 GMT

The Insurance Council of New Zealand has welcomed the government’s decision not to increase the Natural Hazards Commission levy on homeowners...

Climate, generational change pose systemic threats: APRA

Mon, 24 Nov 2025 04:11:06 GMT

The prudential regulator has identified social and environmental changes as risks to insurance industry stability...

Federal budget submissions open

Mon, 24 Nov 2025 04:10:54 GMT

The federal government is accepting submissions from individuals, businesses and other organisations for next year’s budget...

Ex-WorkSafe Victoria boss to lead Comcare

Mon, 24 Nov 2025 04:10:45 GMT

Colin Radford has been appointed Comcare CEO for a five-year term...

Strata review puts broker commissions on table

Mon, 17 Nov 2025 04:02:25 GMT

The NSW review into market impacts from banning strata managers from accepting conflicted payments has included action around broker commissions as an option...

NSW workers’ comp reforms fail to pass

Mon, 17 Nov 2025 04:02:17 GMT

Business NSW has called for the state parliament to enact workers’ compensation reforms before Christmas after a compromise proposal failed to break a deadlock last week...

SA labelled worst offender for ‘poorly targeted taxes’

Mon, 17 Nov 2025 04:02:05 GMT

South Australia’s insurance duty rate of 11% is the highest in all states and territories, the Business Council says...

State targets tobacco trade landlords

Mon, 17 Nov 2025 04:01:56 GMT

NSW has introduced new penalties for commercial landlords who let their properties be used for the illegal sale of tobacco...