insuranceNEWS.com.au - Regulatory & Government

Minister vows to move with caution on price transparency

Fri, 06 Nov 2026 05:17:28 GMT

Premium transparency reforms could support resilience aims but will be approached carefully, Financial Services Minister Daniel Mulino told the Insurance Council of Australia conference today...

Code review ‘a priority’ as ASIC prepares to canvass views

Fri, 06 Nov 2026 05:17:08 GMT

The Australian Securities and Investments Commission will begin seeking views on the redrafted general insurance code of practice next week and aims to finalise its review process in the new year...

Disaster Ready Fund reveals NSW, ACT cash recipients

Wed, 04 Nov 2026 05:20:15 GMT

The Disaster Ready Fund’s fourth round of grants will support 14 NSW projects and seven in the ACT, with combined federal and local investments across the two regions topping $100 million...

Small business cyber cover now cheaper and easier to buy, MPs hear

Tue, 03 Nov 2026 04:56:57 GMT

Cyber cover prices are falling and insurers are trying to ease the buying process for SMEs to encourage take-up, industry figures have told a parliamentary inquiry...

Tax-free ACT takes top spot in duty ranking

Mon, 02 Nov 2026 03:31:24 GMT

The ACT tops a Business Council of Australia ranking of the lowest insurance duties – because it has none...

Worker sentenced over ‘serious’ compo scam

Mon, 02 Nov 2026 03:31:12 GMT

A workers’ compensation claimant has been convicted after making false statements to the NSW scheme and working while collecting weekly benefits...

Watchdog extends RAC takeover review

Mon, 02 Nov 2026 03:31:04 GMT

The Australian Competition and Consumer Commission has extended a deadline for deciding if IAG’s proposed takeover of RAC Insurance meets a public benefit test...

Bondi a ‘solemn reminder’ as pool reflects on year

Mon, 02 Nov 2026 03:30:39 GMT

Two terrorism incidents were declared last financial year and the cyclone pool had its busiest season with nine events, the Australian Reinsurance Pool Corporation annual report says...

Workers’ comp survey deadline extended

Mon, 02 Nov 2026 03:30:06 GMT

The NSW government has extended the consultation period for its review of workers’ compensation premiums...

Industry calls on Queensland to strengthen planning reforms

Mon, 02 Nov 2026 03:29:54 GMT

Insurers have pressed the country’s most disaster-prone state to take up their recommendations on strengthening housing resilience...

IAG fined $479k over CTP failings

Tue, 27 Oct 2026 05:14:56 GMT

The NSW State Insurance Regulatory Authority has imposed a $479,500 penalty on IAG for customer overcharges and under-refunds at its NRMA Insurance brand...

Small business cover inquiry pushes back report

Tue, 27 Oct 2026 05:14:35 GMT

A federal parliamentary inquiry into small business insurance will table its recommendations in late February after a four-month extension to its reporting timetable...

Labor lines up Victorian strata commissions ban

Mon, 26 Oct 2026 03:50:44 GMT

Victoria’s Labor government says it will ban strata managers from taking commissions or payments that influence purchases of insurance, repairs and other services...

Sector experts sought for innovation committee

Mon, 26 Oct 2026 03:49:08 GMT

The Albanese government is seeking expressions of interest in joining its new Financial Innovation Committee...

Insurance, risk reduction key to north Australia growth plans, Canberra told

Mon, 26 Oct 2026 03:48:52 GMT

Federal MPs examining northern Australia’s economic potential have been told insurance is vital to developing the resource-rich but catastrophe-prone region...

Disaster Ready Fund picks Victorian, Queensland projects

Mon, 26 Oct 2026 03:48:44 GMT

The federal government has announced the Victorian and Queensland projects that will receive support under the Disaster Ready Fund’s fourth round, which will allocate $142.5 million nationally...

ICNZ demands ‘pivot’ to disaster preparation as poll looms

Mon, 26 Oct 2026 03:48:29 GMT

The Insurance Council of New Zealand has urged the next government to prioritise climate adaptation, resilience projects and funding to reduce exposure to natural hazards...

State rolls out more AI-enabled bushfire detectors

Mon, 26 Oct 2026 03:48:22 GMT

Victoria is expanding its network of AI-powered bushfire cameras to detect blazes earlier, the state government says...

‘Consistency is key’: ICA backs Victoria’s property flood risk reform

Fri, 23 Oct 2026 05:16:48 GMT

The Insurance Council of Australia says Victorian planning reforms will make it less likely that homes are built in places known to flood and can help improve cover affordability...

Regulator urged to consult on code before approval call

Fri, 23 Oct 2026 05:16:16 GMT

The Australian Securities and Investments Commission should seek further feedback on the new insurance code of practice, as the version submitted for approval falls short in key areas, consumer groups say...