insuranceNEWS.com.au - Regulatory & Government

Cyclone pool premium changes proposed

Fri, 02 Oct 2026 06:21:43 GMT

Cyclone pool premium annual collections from insurers would increase to $770 million under draft rates proposed as part of the most comprehensive reassessment undertaken in four years...

Insurers applaud ASIC probe into paid claimant advocates

Thu, 01 Oct 2026 06:29:09 GMT

Insurers have welcomed an Australian Securities and Investments Commission review into claims management firms after concerns were raised over the sector’s business practices...

ACT scheme encourages defect cover

Mon, 28 Sep 2026 04:07:19 GMT

The ACT government says it wants to “incentivise” latent defect insurance take-up with the introduction of amendments to a property developer licensing scheme that starts next month...

ABC Insurance seeks end to AG Lawcover approval

Mon, 28 Sep 2026 04:07:12 GMT

ABC Insurance, which is seeking to enter the NSW solicitors’ professional indemnity market, says the Attorney General’s role in approving Lawcover as the sole provider should end...

ACCC chair set to continue

Mon, 28 Sep 2026 04:07:00 GMT

Gina Cass‑Gottlieb has been nominated by the federal government for reappointment as chair of the Australian Competition and Consumer Commission (ACCC) for a five year period from March 20...

Lying truck driver told to return workers’ comp cash

Fri, 25 Sep 2026 06:14:12 GMT

A Victorian truck driver has been ordered to return more than $200,000 he took from the state’s workers’ compensation scheme while working...

Katherine levee to boost flood protection

Fri, 25 Sep 2026 06:08:43 GMT

The NT government says it’s providing funding for a Katherine South levee that will protect an additional 210 homes and businesses, following devastating flooding earlier this year...

Govt department fined over child’s Questacon burns

Thu, 24 Sep 2026 06:15:17 GMT

A federal government department has been convicted and fined $140,000 after a child visiting the Questacon science and technology centre in Canberra was seriously injured when their hands caught fire...

ASIC alleges insurance comparator misled consumers

Mon, 21 Sep 2026 05:05:34 GMT

The corporate regulator has sued lead generator Clark Family, accusing the entity of misleading consumers about its insurance comparison services...

Lawcover warns of PI competition detriment

Mon, 21 Sep 2026 05:05:27 GMT

NSW solicitors’ professional indemnity provider Lawcover has warned a new entrant would have an incentive to “cherry pick” lower risk practices to the detriment of smaller firms focused on conveyancing, family law, personal injury and wills and estates...

Feedback sought on last resort scheme ‘waterfall’

Mon, 21 Sep 2026 05:03:56 GMT

The Federal Government is undertaking a targeted consultation on the application of a special levy “waterfall framework” that is part of the Compensation Scheme of Last Resort...

Victoria acts on danger at work

Mon, 21 Sep 2026 04:41:44 GMT

The Victorian government has announced a crackdown on dangerous workplaces and says it is sharpening its focus on the industries, hazards and issues causing the most workplace harm across the state...

SIRA move excludes physio

Mon, 21 Sep 2026 04:41:36 GMT

The NSW State Insurance Regulatory Authority has stopped a Central Coast physiotherapist from operating in personal injury schemes...

ICWA improves performance in milestone year

Mon, 21 Sep 2026 04:41:19 GMT

The Insurance Commission of Western Australia has marked its centenary year by reporting a substantial improvement in underwriting performance, with a $273.3 million profit for the year ended June 30 2026, up from $114 million the previous corresponding period...

Bathla collapse raises building fund questions

Thu, 17 Sep 2026 06:32:46 GMT

NSW state insurer icare says it's engaging with administrators of building group Bathla, as it faces potential claims through the Home Building Compensation Fund...

ICNZ urges emergency services funding revamp

Wed, 16 Sep 2026 05:45:42 GMT

The Insurance Council of New Zealand has proposed funding fire and emergency services through central taxation, as the government considers whether the current levy on premiums is fair and fit for purpose...

AFCA takes code issues to Minister, inquiry

Mon, 14 Sep 2026 04:16:10 GMT

The disputes ombudsman has raised concerns over “significant gaps” in broker and insurer code of practice redrafts with Assistant Treasurer Daniel Mulino and a parliamentary inquiry...

Treasury sees complexity trade-off in ESL reforms

Mon, 14 Sep 2026 04:16:02 GMT

Treasury officials appearing at a NSW parliamentary committee inquiry into emergency services funding reform have highlighted trade-offs in property-based levy options...

ICA plugs cyber cover to inquiry

Mon, 14 Sep 2026 04:15:44 GMT

The value of cyber insurance has been promoted by the Insurance Council of Australia in its response to a Parliamentary inquiry...

Building watchdog targets rogue building and drainage work

Mon, 14 Sep 2026 04:15:27 GMT

Victoria’s Building and Plumbing Commission has discovered 24 unregistered builders and unlicensed people doing plumbing work in a blitz on residential and commercial building sites...