A major insurer will refund over $1 million to customers it over-charged according to a statement released by ASIC.
A recently launched ASIC website, designed to help consumers in Far North Queensland, will receive no major updates even after brokers have spoken of their dismay at the site.
A global insurer has flown in a major executive to deal with a bubbling crisis.
The regulator has launched its comparison site designed to guide consumers through insurance purchases in cyclone-prone areas of Far North Queensland.
A government-sponsored taskforce into insurance issues in North Queensland has received the backing of leading insurers and industry bodies.
An insurance industry expert has outlined who they think ASIC will look upon with more scrutiny in the future and it should make some in the insurance industry take notice.
With the site due to go live by the end of this month, ASIC reveals how it's involved and what consumers and brokers can expect upon launch.
The regulator has issued a landmark report into cyber risk and resilience of Australian businesses which could help brokers understand their own cyber risk, as well as others in the market for cyber cover.
ASIC has handed down a permanent ban to an Australian insurance broker who it says is "not fit" to engage in credit activities.
A leading insurer has been ordered to pay over $20,000 in fines following two infringement notices issued by ASIC.