In his first major act as Prime Minister, Malcolm Turnbull has committed to a $22 billion insurance scheme.
A member of the reference panel of the Northern Australia Premium Taskforce has allayed the fears of brokers who are concerned they will be cut out of the market if a mutual goes ahead.
An insurance industry leader has warned that the intermediary sector is at a ‘major crossroads’ at the NIBA Convention in Melbourne.
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The Government has announced plans to review the funding structure of ASIC with a major change in the offing.
Changes to the workers compensation industry of one state have taken effect with three new organisations launched.
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As a landmark government project releases its interim report, which warns brokers could be “squeezed out” of a key market, the industry has reacted strongly to the idea of Government involvement.
Changes to the New South Wales workers compensation arrangements represent a win for workers and businesses.