Standards

29 November , 2022

Webinar: Is Insurance an Essential Service? Promoting affordability & accessibility for all

With extreme weather continuing to affect large parts of Australia, the importance of insurance is larger than ever. Following on from CFA’s webinar on UK’s System for Flood Insurance, this webinar will examine measures to improve affordability and access of general insurance, including home & contents insurance. December 7th 20221 – 2pm AEDT This event will…

29 October , 2022

Federal Government to develop standard insurance definitions and review standard cover regime

An Albanese Government initiative to help reduce the cost of insurance in communities at risk of natural disasters, will enhance mitigation measures and drive better outcomes for insurance holders. The Hazard Insurance Partnership and Strategic Insurance Project aims to address rising insurance premiums and help communities be better prepared for disasters. Federal Minister for Emergency…

9 May , 2013

ASIC concerns lead to insurance comparison website changes

Varying premium estimates concerned regulator

9 August , 2012

Direct insurers worry regulator

ASIC is concerend about daytime television promotion of life insurance directly to consumers.

14 June , 2012

Toyota refunds overcharged CCI premiums

More than $630,000 refunded to customers following overcharges on consumer credit insurance.

16 April , 2012

Elders Insurance repays customers $5.3 million following underpayment error

Elders Insurance has repaid customers approximately $5.3 million as part of a program to rectify underpayments on motor vehicle insurance claims.

15 November , 2011 0 comments

Stronger response needed to ensure consumers are protected in times of disaster

CFA member the Consumer Action Law Centre has expressed disappointment with the Government’s initial response to the National Disaster Insurance Review (NDIR) Panel’s report which it labelled as ‘indecisive’. While the Centre welcomed moves towards a system which would see more Australians covered by flood insurance, it raised concerns about the proposed ‘opt out’ model and has lamented the lack of tangible interim measures in the Government’s response.