The case behind CGU’s High Court win
11 August 2008
The legal industry has been following the progress of a professional indemnity claim that CGU has fought through several courts over the past few years until – as reported last week…
Analysis
Flood definition raises even more questions
04 August 2008
Last week’s AILA seminar in Melbourne titled The Flood Dilemma – Where are we going? could lead cynics to suggest the only direction at present is in circles...
Industry faces an economic storm
28 July 2008
A new report by actuaries Finity Consulting and Deutsche Bank is the latest sign that the pressure is increasing for premiums to rise at a faster rate...
NIBA survey confirms market firming
21 July 2008
NIBA’s six-monthly policy renewal survey confirms what the industry has been saying unofficially – the insurance cycle is turning...
Insurers pin their hopes on a flood definition
14 July 2008
The industry’s latest attempt to bring some clarity to the difficult issue of universal flood insurance has gained plenty of attention, much of it for the wrong reason...
The only way is up after horror year for insurers
07 July 2008
Australia’s listed insurers will be glad to see the back of the 2007/08 financial year...
Biggest tax review in 50 years must cover insurance
30 June 2008
The Federal Government has kicked off an 18-month review into the Australian tax system, pledging to shine the light into every corner...
US flood program fails to hold back the tide
23 June 2008
This week’s revelation that fewer than one in five Americans have flood insurance is a devastating indictment of the National Flood Insurance Program...
Competition is keeping rate rises tentative
16 June 2008
Any brokers listening to the public pronouncements from the big insurers could be forgiven for thinking the market is in for a sharp correction over the June renewals season...
Australia steps into line with Financial Claims Scheme
10 June 2008
We’ve been slow out of the blocks, but the introduction of a Financial Claims Scheme announced last week finally brings Australia into line with international standards…
Wilkins faces short honeymoon at IAG
02 June 2008
As the dust settles at IAG, newly installed CEO Mike Wilkins’ in-tray is overflowing...
Insurers fail the home warranty test
26 May 2008
The days may be numbered for privatised home warranty insurance, derided as “junk insurance” by builders and consumers...
Buying back the farm: distribution in the 21st century
19 May 2008
Underwriters and intermediaries have been jostling for distribution dominance since the industry grew out of short pants after the removal of the tariff system in the early 1980s...
To insure or not to insure in developing countries
12 May 2008
The devastating cyclone and subsequent tidal wave in Burma just over a week ago may have killed 100,000 people and destroyed property and infrastructure, but the cost to insurers…
Authorised reps staking their claim
05 May 2008
Are authorised representatives brokers - and if not, what are they?
DOFIs law: Treasury needs to plug the emerging loopholes
28 April 2008
Almost exactly 12 months after the Federal Government announced that it would introduce legislation to regulate the activities of direct offshore foreign insurers...
Weighing a big opportunity against big possibilities
21 April 2008
Today is deadline day for QBE’s $7.4 billion second offer which values IAG at $4.02 per share...
All aboard the unstoppable DOFI Express
14 April 2008
The much-anticipated release of the exemptions to the direct offshore foreign insurers regime means the endgame could finally be in sight for brokers and insurers...
Amazing Hank hangs on, but the glory days are gone
07 April 2008
At an age where most people of his age are thinking about moving to a nursing home, former AIG CEO Maurice “Hank” Greenberg is embroiled in a $US20 billion ($22 billion) fraud case…
US subprime crisis impacts on insurance
31 March 2008
In August last year Henry Keeling, the COO of giant Bermuda-based insurer XL Capital, said he expected the industry’s exposure to the US subprime mess to be “manageable”...