Yesterday Insurance Business reported on a group buying initiative headed up by a former insurance boss but the industry has slammed the move, demanding greater disclosure and accusing it of “spruiking nonsense”.
The financial services regulator is casting a careful eye over the sale of certain insurance products, keen for Australia not to endure the mis-selling scandal that continues to plague the UK.
While an industry code has garnered praise from some circles, it has attracted criticism from consumer-facing groups.
IPOs may look like an attractive option to investors, but stock research Skaffold warns not many live up to promises.
A regulator has made it clear it has no plans to shift its focus from funeral insurance providers just yet.
ASIC has revealed that its chairman spent hundreds of thousands of taxpayer dollars on business class travel.
A broker who misappropriated clients' funds to lavish his online lover has been barred from providing financial services.
David Kearney, chief executive partner of Wotton + Kearney, talks to Insurance Business about the key legal issues that the industry must keep an eye on in 2014.
Insurers may tempt brokers with "like-for-like" special offers on personal lines following Vero's controversial commission cuts.
An insurance company has signalled its intention to float on ASX just days before Christmas.