Government sets sights on insurance commissions
24 May 2010
The ban on “conflicted remuneration structures” for retail investment products now has the potential to extend to risk insurance, under a new Federal Government initiative…
Local
Bushfire inquiry lawyers slam policy, leadership
24 May 2010
Lawyers assisting the Victorian Bushfires Royal Commission have slammed police, fire authorities and official policy in new submissions to be lodged with the inquiry this week…
Queensland flood victims case rock solid, says lawyer
24 May 2010
A lawyer acting for Queensland flood victims whose claims have been denied has described the case against their insurers as “rock solid”…
Queensland raises workers’ comp premiums
24 May 2010
The Queensland Government will increase workers’ compensation premiums by 13% to save the troubled scheme from collapse…
KPMG challenges Westpoint settlement
24 May 2010
Accounting firm KPMG has launched a High Court challenge of the corporate regulator’s powers to avoid paying compensation to investors of failed property group Westpoint…
NZ life premiums to rise due to Budget
24 May 2010
New Zealand tax changes will drive life premiums beyond rises already being implemented by insurers, the Investment Savings and Insurance Association has warned…
Insurance tax reform ‘up to the states’
17 May 2010
The Federal Government has abdicated responsibility for insurance tax reform to the state governments, despite conceding that stamp duty and the fire services levy are inefficient taxes…
Broker hands over all its business
17 May 2010
A legal dispute between two Brisbane insurance brokerages has been settled, with one of the parties agreeing to close and transfer all its business to its rival…
Australian storm claims continue to mount
17 May 2010
Insured losses continue to rise more than two months after catastrophic storms battered Melbourne and Perth at a combined cost of more than $1.85 billion…
NZ to offer leaky home compensation
17 May 2010
The NZ Government will today reveal a new compensation package to be offered to homeowners hit by the country’s $NZ11.3 billion ($9 billion) leaky home crisis…
QBE to deliver Victorian builders’ insurance
17 May 2010
The Victorian Managed Insurance Authority has reached agreement with insurer QBE to deliver builders’ warranty insurance to home builders in a bid to ease builders’ concern over availability…
Australian insurer off limits from NZ claim
17 May 2010
A New Zealand company’s bid to sue an Australian insurer for damages has been thrown out by the country’s Supreme Court…
Southern Cross rated top travel insurer
17 May 2010
NZ insurer Southern Cross Travel Insurance is the standout performer in a review of travel insurers for the Australian market carried out by consumer magazine Choice…
Insurers hit by market plunge
10 May 2010
Australia’s big three insurers have been swept up in a global stockmarket plunge as Greece’s financial woes continue to shake international markets…
MIGA wins contract for midwives insurance
10 May 2010
The Federal Government has finalised an agreement with Medical Insurance Group Australia for the introduction of Commonwealth-supported professional indemnity insurance for midwives…
YellowBird’s song takes resilience prize
10 May 2010
An emergency alert system has won the Insurance Council of Australia’s 2010 Resilience Award…
Builders frustrated by Victorian insurance problems
10 May 2010
A group representing Australian residential home builders has voiced its frustration at members’ ongoing difficulty in sourcing builders’ warranty insurance in Victoria…
Insurance code disregarded by insurers
03 May 2010
Insurers are taking a liberal view of the industry’s Code of Practice, with nearly half of those reviewed by the Ombudsman last year found to have breached the code…
Council and residents dispute flood rulings
03 May 2010
The council representing a number of southern Queensland towns affected by recent flooding is calling on insurers to commission a second hydrological report to better define…
Floodwaters threaten NZ tourist town
03 May 2010
Floodwaters are once again threatening to inundate the NZ tourist hub of Queenstown as an overflowing Lake Wakatipu encroaches on the low-lying CBD…