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Australia Financial Services Industry Insurance Industry

K&L Gates LLP

Australia: Compensation Scheme of Last Resort (CSLR)

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Underfunded From Inception - The operator of CSLR has released the latest actuarial report commissioned on the scheme and the initial estimates of projected levies for 2025 / 26 (3rd levy period), triggering widespread...more

K&L Gates LLP

ASIC Puts Insurers on Notice

K&L Gates LLP on

ASIC has recently published its findings following an investigation into the insurance industry’s level of compliance with internal dispute resolution (IDR) obligations. Report 802 Cause for complaint: Complaints handling in...more

K&L Gates LLP

General Insurance Policies: Tools of Financial Security or Instruments of Coercion and Control?

K&L Gates LLP on

The Centre for Women’s Economic Safety (CWES) has recently published Catherine Fitzpatrick’s second ‘Designed to Disrupt’ discussion paper titled ‘Reimagining general insurance products to improve financial security.’ The...more

A&O Shearman

Horizon scanning – regulatory developments in Australia

A&O Shearman on

With the election outcome signalling a ‘climate mandate’ of some description, it’s likely that we will see renewed efforts to introduce enhanced climate disclosure and standardised reporting obligations to bring Australia in...more

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