After years of lapses and delays, the Insurance Contracts Amendments Bill has been passed. But what does it mean for brokers, their clients and insurers?
Insurers have come out in support of removing the current FSL levy at a public hearing, but say the reform does not necessarily mean premiums will fall.
The Insurance Council of Australia has responded to fears that a wide-ranging review of the General Insurance Code of Practice will be “buried”.
The appointment of a political veteran will bring an insider’s knowledge to the “challenges and complexities of politics", according to the ICA.
Legislation that imposes stricter reporting rules for investigating medical professionals has prompted concerns that it will lead to higher premiums but some believe it will drive costs down.
The stamp duty rise could force up the cost of insurance and exacerbate financial pressures for policyholders, says an industry boss.
The Insurance Council of Australia's latest appointment brings the total number of board members to 12, following the resignation of president Rob Scott.
As floods continue to batter Australia, the Government steps up to the plate with a plan to help policyholders.
Local councils were yet again urged to make flood maps available to the general insurance industry at a meeting held to help flood-hit Queensland residents.
General insurance companies hit hard across three states in apocalyptic start to 2013