Insurer self-reported non-compliance and pays over AU$21m (US$13.83m) for federal wages and entitlements, while settling AU$16.2m for state and territory long service leave entitlements.
Moncreiffe ascends from CEO of HSBC Life Hong Kong, which under his leadership set US$250m world record life policy in February and maintained its top spot for new business premiums in 2023.
Severe weather forecast, including 'black nor'easter' phenomenon, with some insurers taking proactive steps in preparation of torrential rain and flooding.
ALGA suggests increasing annual DRF allocation to AU$450m (US$297m), echoing calls from the industry for more long term solutions to insurance affordability.
