A new sector-wide body could help ensure that Britain's financial regulators fully comply with their new ...
AI will shift liability rather than create new risks
Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments...
Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments...
Article / 1 month ago
Broker's mistake proves costly for theft-hit client - insuranceNEWS.com.au
A petrol station owner cannot fully claim for the theft of his tobacco and cigarette stock after his broker made an error with the sums insured for stolen goods....
A petrol station owner cannot fully claim for the theft of his tobacco and cigarette stock after his broker made an error with the sums insured for stolen goods....
insurancenews.com.au /
Article / 1 month ago
Rollover communication error lands BrokerLink in hot water - Canadian Underwriter
BrokerLink in Alberta got some unwanted regulatory attention after failing to inform a client about a rollover agreement the brokerage had made with a new...
BrokerLink in Alberta got some unwanted regulatory attention after failing to inform a client about a rollover agreement the brokerage had made with a new...
canadianunderwriter.ca /
Article / 8 months ago
Federal Court fines IAG $40m for failing to give insurance customers due discounts - Financial Review
The penalty was the outcome of legal action which also revealed staff had been aware of a problem with an internal mechanism to minimise discounts for years.
The penalty was the outcome of legal action which also revealed staff had been aware of a problem with an internal mechanism to minimise discounts for years.
afr.com /
Article / 10 months ago
The State of the Market – June 2023 Insurance Company Market Update
Financial Lines Insurance Global Market Overview and Notable Trends...
Financial Lines Insurance Global Market Overview and Notable Trends...
Report / 10 months ago
Australian general insurers to repay $550 million over pricing misconduct - Reuters
Australian general insurers will repay A$815 million ($550.29 million) to more than 5.6 million consumers due to their systemic failures in delivering on pricing promises, the country's corporate regulator said on Friday.
Australian general insurers will repay A$815 million ($550.29 million) to more than 5.6 million consumers due to their systemic failures in delivering on pricing promises, the country's corporate regulator said on Friday.
reuters.com /
Article / 10 months ago
Australia: APRA releases data on liability insurance to help find solutions to affordability challenges
Premium and incurred claims costs have risen significantly for public liability insurance, professional indemnity and...
Premium and incurred claims costs have risen significantly for public liability insurance, professional indemnity and...
Article / 12 months ago
Get in early: late renewal notices behind many broker breaches - insuranceNEWS.com.au
Late renewal notices continue to be the cause of “high numbers” of breaches, the independent Insurance Brokers Code Compliance Committee says....
Late renewal notices continue to be the cause of “high numbers” of breaches, the independent Insurance Brokers Code Compliance Committee says....
insurancenews.com.au /
Article / 12 months ago
ASIC cancels transport cover specialist's licence over PI breach - insuranceNEWS.com.au
Assurance Cover Australia (ACA), a provider of discretionary cover for motor vehicles and drivers, has had its financial services licence cancelled...
Assurance Cover Australia (ACA), a provider of discretionary cover for motor vehicles and drivers, has had its financial services licence cancelled...
insurancenews.com.au /
Article / 12 months ago
AFCA rules on broker v broker communications dispute - insuranceNEWS.com.au
The Australian Financial Complaints Authority (AFCA) has found in favour of a broker in a dispute over email addresses used to advise a client – who...
The Australian Financial Complaints Authority (AFCA) has found in favour of a broker in a dispute over email addresses used to advise a client – who...
insurancenews.com.au /
Article / 12 months ago
