by AIP Online Bureau | Feb 8, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The pool is expected to reduce insurance premiums by up to $2.9 billion for eligible household, strata and small business insurance policies over 10 years Homeowners in northern Australia with the most acute cost pressures are expected to benefit from up to 46 per...
by AIP Online Bureau | Dec 2, 2021 | International News, Policy, Regulation, Risk Management
In a raft of allegations against one of the country’s biggest employers, the Fair Work Ombudsman (FWO) said Coles underpaid 7,812 employees by A$115.2 million ($81.99 million) between January 2017 and March 2020. “Businesses paying annual salaries cannot...
by AIP Online Bureau | Nov 21, 2021 | International News, Life, Policy, Regulation
The Australian Securities and Investments Commission (ASIC) has accused MLC, a part of Nippon Life Insurance, Japan’s biggest insurer, of service failures resulting from poor systems and controls over a period from 1999 to 2020, which caused financial harm to over...
