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Insurance regulation urged by Australian council officials
Representatives of the Australian Council of Fire and Accident Underwriters told a committee that for over five years they had warned of inadequacies in the present insurance legislation. They supported proposed federal rules for supervision of non life insurers and regular statistical reporting. Council leaders Mr W Walmsley Mr W H Molyneaux and Mr R A Sinclair cited lack of data and warned of risks from overseas firms and inadequate supervision.
MENTIONED IN THIS ARTICLE
Australian Council of Fir and Accident Underwriter
Australia
Council
W. ©. Waimeley
Sydney
W. H. Molyneaux
Melbourne
R. A. Sinclair
Senate
Murphy
Walmsley
Coulc
Givermont