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…
Read More Webinar: Is Insurance an Essential Service? Promoting affordability & accessibility for all
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…
Read More Federal Government to develop standard insurance definitions and review standard cover regime
ASIC is concerend about daytime television promotion of life insurance directly to consumers.
Read More Direct insurers worry regulator
More than $630,000 refunded to customers following overcharges on consumer credit insurance.
Read More Toyota refunds overcharged CCI premiums
Elders Insurance has repaid customers approximately $5.3 million as part of a program to rectify underpayments on motor vehicle insurance claims.
Read More Elders Insurance repays customers $5.3 million following underpayment error
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.
Read More Stronger response needed to ensure consumers are protected in times of disaster