The Insurance Council of Australia has urged Treasury to focus Compensation Scheme of Last Resort reforms on addressing misconduct and structural issues rather than broadening industry levies.
Shenergy P&C, which underwrote the mine's work safety liability, has prepared an advance claims fund, while more than 50 insurers have activated fast-track processes to cover the policies of affected...
China's insurers have paid or advanced 210m yuan (US$29m) to policyholders as the NFRA orders fast-track claims handling following floods and landslides across six regions.
