There were sighs of relief from boardrooms across the country earlier this year when a NSW court quashed doubt about the...
Regulation
Burning Bridgecorp
Banned financial planners show importance of PI
A Perth financial planning firm has had its licence revoked after failing to obtain Professional Indemnity cover. ASIC today cancelled the...
FOFA in the sights of new Finance Minister
Australia’s new Finance Minister has been confirmed and he says the legislation to reform FOFA is already drafted and ready to...
Fair call on amendments still lacking
Insurance contracts were ushered into the 21st century in late June, when Federal Parliament passed the Insurance Contracts Amendment Bill 2013, billed...
Adviser pleads guilty over life insurance scam
A former financial adviser has pleaded guilty to a scam where he wrote life insurance policies for fictitious people. Pavan Vyas,...
Broker jailed for eight months over theft
A former insurance broker has been jailed after stealing more than $660,000 to send to a person he met online. Bruce...
Broker banned after faking insurance certificates
A Perth insurance broker has been permanently banned after exposing clients to potential losses of more than $40 million. According to...
PI policy revoked for broker dishonesty
A major court has backed an insurer’s decision to not indemnify a broker for civil liability because of dishonest conduct. Last...
ASIC brands Woolworths insurance ads misleading
An ASIC crackdown on the supermarket giant’s entry into insurance is just the latest example of a broker’s importance, says NIBA....
Insurers’ relief as D&O reform mooted
The NSW Attorney-General is primed to consider redrafting a law that had thrown doubt on the ability of director’s and officer’s...
ASIC bans broker and claims manager
A claims manager who stole almost $1.3 million and a broker whose firm went bust have both been banned from the...
Big changes on insurance contracts law
New laws on insurance promise to make things easier for insurers, brokers and clients alike but more controversial amendments are yet...