VMIA will review sex abuse compo
28 May 2018
The Victorian Managed Insurance Authority will review a policy stance that would deny cover for redress payments made to victims of institutional child sexual abuse under a new national program…
Regulatory & Government
Queensland cladding report flags government buildings
28 May 2018
A cladding taskforce in Queensland says 71 state government buildings may feature combustible material and must be investigated further…
SIRA opens door to premium rate cap exemption
28 May 2018
Employers can now be exempted from a 30% cap on workers’ compensation premium rate rises in exceptional circumstances, following a revision of NSW guidelines…
ASIC fees-for-service legislation introduced
28 May 2018
The Federal Government has introduced legislation into Parliament to finalise industry funding of the Australian Securities and Investments Commission…
icare invites funding pitches for return-to-work ideas
28 May 2018
Innovators with fresh ideas for helping people return to work are invited to apply for funding under a $5 million investment program launched by the Insurance & Care NSW Foundation…
Standards body backs terror risk mitigation guide
28 May 2018
Standards Australia has approved the Australian Reinsurance Pool Corporation’s risk mitigation handbook…
Industry ‘to blame for trust deficit’
21 May 2018
The corporate regulator has told the financial services industry it is responsible for the “trust deficit” it faces…
Industry demands end to ‘thought bubble reform’
21 May 2018
Insurers and brokers have called on the Government to rethink its approach to industry reform…
ASIC bans bogus broker
21 May 2018
The Australian Securities and Investments Commission has permanently banned Samuel Tessa from providing financial services and engaging in credit activities…
Lawyers slam VMIA as sex abuse redress claims denied
21 May 2018
Law firm Maurice Blackburn has criticised the Victorian Managed Insurance Authority (VMIA) for its refusal to cover redress payments for victims of institutional child sexual abuse…
NZ budget funds Canterbury claims tribunal, EQC inquiry
21 May 2018
New Zealand has allocated funding for a tribunal to resolve outstanding Canterbury earthquake residential claims and an independent inquiry into the Earthquake Commission’s performance…
Safety options mooted for automated vehicles
21 May 2018
The National Transport Commission has released options for a safety assurance system covering automated vehicles, saying recorded data will be necessary to aid insurers and other groups…
Senate committee demands disaster resilience funding commitment
21 May 2018
Senators have urged Canberra to commit long-term to a joint funding program with state and territory governments for natural disaster resilience…
NZ regulator seeks disclosure ruling on CBL
21 May 2018
New Zealand’s Financial Markets Authority has asked the courts to determine if disclosure obligations apply to listed companies in voluntary administration…
NIBA keen to make case at NSW fire levy hearing
14 May 2018
The NSW inquiry into the future of the fire and emergency services levy will hold a hearing on August 13…
Regulatory burden holds back businesses: ICA
14 May 2018
Insurers have warned that complying with regulatory requirements is increasingly taking up resources that could be used to improve business performance, including product innovation…
Regulator bans ‘misleading and deceptive’ broker
14 May 2018
The Australian Securities and Investments Commission has permanently banned Perth authorised representative Antonino Gucciardi from the financial services industry…
Allianz to sign off from icare workers’ comp
14 May 2018
Allianz will “disengage” as an agent for the Insurance & Care NSW workers’ compensation scheme by the end of the year…
APRA seeks feedback on industry funding requirements
14 May 2018
The Australian Prudential Regulation Authority has called for submissions on proposed financial industry levies…
Call for collaboration to cut costs of worker rehab
07 May 2018
Australia’s fragmented health-related income support systems have been urged to collaborate, to reduce costs for insurers and improve outcomes for workers and the economy…