Drones inspect damage as insurers hit with Cyclone Debbie claims
Insurers have been hit with at least 2500 damages claims since Tropical Cyclone Debbie made landfall on the Queensland coast on Tuesday and are bracing for more.
Insurers have been hit with at least 2500 damages claims since Tropical Cyclone Debbie made landfall on the Queensland coast on Tuesday and are bracing for more.
Life insurers are pushing back against calls for greater regulatory oversight, saying consumers are already being well served by the industry despite a series of scandals that have rocked the sector.
Bank of Queensland says it has seen a surge in mortgage applications in recent weeks, despite tough competition in the home loan market and stricter regulatory controls.
Insurers and industry braced for costs running into the billions of dollars as Cycle Debbie hit land Tuesday afternoon.
Medibank Private has come under fire after about 25,000 customers experienced delays in receiving their annual premium renewal notices this month.
Foreign bribery scandals involving Australian companies would "most likely not be detected at all" without company insiders blowing the whistle, the Australian Federal Police has warned.
The executive responsible for managing $34 billion of investments in Westpac's wealth management business, Martyn Wild, left the company abruptly on Friday following a series of allegations about inappropriate behaviour towards two female staff.
The nation's largest bank raised borrowing costs for owner-occupiers and property investors just hours after rate hikes from Westpac and ANZ.
Westpac's wealth management division has shrugged off "intense" regulatory scrutiny of the financial advice and life insurance sectors, saying it is on track to deliver growth in these areas.
The company behind consumer finance group Radio Rentals is expecting to be hit with civil penalties over alleged breaches of responsible lending rules.
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