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Latest Articles

13 Aug 2018
Are insurance contracts unfair?
In 2008, the Productivity Commission recommended a new national consumer law applying to all industry sectors, including protections against unfair contract terms (UCT). In 2009 the Australian Consumer Law and related reforms were implemented, including the application of UCT protections in relation ...
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7 Aug 2018
Defending the indefensible – the limitations of defence costs insurance cover?
Adam Cranston, the son of the former Deputy Commissioner of the Australian Taxation Office, is currently being prosecuted in relation to the alleged payroll tax fraud for conspiracy to defraud the ATO and the recovery of alleged proceeds of crime. He and others recently sought relief in the Federal ...
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7 Aug 2018
When storms become catastrophes (and how that affects insurance)
Storms and floods are extremely damaging. Not just for properties, but for individuals and the communities they inhabit. When communities are faced with extensive damage in these situations, the Insurance Council of Australia (ICA) may declare the storm or flood an “extraordinary catastrophe” or a “ ...
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2 Aug 2018
How the creation of AFCA will change the insurance industry
On 14 September 2017, the Federal Treasury announced the establishment of an Australian Financial Complaints Authority (AFCA) . It is a massive shift to the governance of financial issues in Australia, and one that the insurance industry need to be aware.
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