Articles tagged with 'insurance' | ASIC

ASIC news hub (insurance)

2021
01
April
2021
| 14:21 Australia/Sydney
Unfair contract terms protections have applied to most small business contracts since November 2016. From 5 April 2021, these protections will be extended to include insurance contracts which small businesses enter into or renew, and terms in exis...
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30
March
2021
| 13:11 Australia/Sydney
The outcome of ‘test cases’ before Australian courts should clarify whether business interruption insurance policies cover losses from the COVID-19 pandemic. Small businesses should contact their broker or insurer and ask whether their policy cove...
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24
March
2021
| 08:06 Australia/Sydney
Help is available for people with flood-related property damage. Six finance-related steps to take once immediate danger has passed. Be wary of anyone who asks for payment up-front or who asks you to sign a contract immediately. ...
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22
March
2021
| 15:11 Australia/Sydney
Unfair contract terms protections will apply to consumer and small business insurance contracts entered into or renewed from 5 April 2021, and to terms in existing contracts that are varied from 5 April 2021. ASIC has conducted a targeted review o...
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2020
17
December
2020
| 12:37 Australia/Sydney
ASIC has written to insurers in Australia calling on them to consider action ahead of the imminent La Nina event season – La Nina event seasons have an increased likelihood of flooding, cyclones and hailstorms Research commissioned by ASIC follow...
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03
December
2020
| 16:05 Australia/Sydney
You may be entitled to compensation via the Freedom Insurance Remediation Program if you were sold a Freedom Insurance life or funeral insurance policy issued by either AIA Australia, NobleOak Life, or Swiss Re Life & Health Australia between Octob...
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