Lehman Bros units appeal Federal Court claims ruling
02 November 2009
Lehman Brothers entities have appealed a Federal Court ruling giving local councils the right to pursue the failed investment firm over their investment losses…
Local
Builders launch lawsuit over builders’ warranty cover
26 October 2009
Australian home builders have taken their fight against builders’ warranty insurance to the Supreme Court of Victoria…
Monopoly insurer closer to competition comeback
26 October 2009
The NZ Government has received backing from its coalition partner the ACT Party and from the Maori Party to open its insurance monopoly the Accident Compensation Corporation…
Shady contracts leave architects ‘uninsurable’
26 October 2009
Architects across Australia are being asked to sign contracts that leave them liable for vast costs not covered by professional indemnity insurance…
Qualified satisfaction with vehicle theft milestone
26 October 2009
One million auto thefts is hardly a milestone to celebrate, but the National Motor Vehicle Theft Reduction Council is looking on the bright side as it marks 10 years of operation…
Insurance lawyers appoint new president
26 October 2009
West Australian lawyer David McKenna has been elected national President of the Australian Insurance Law Association…
Policy comprehension gaps emerge in workshop
26 October 2009
A workshop held by loss adjusters has illustrated that some people struggle to comprehend insurance policies even when they work with them every day…
Uninsured cause a third of all crashes: NZ insurer
26 October 2009
Claims records from New Zealand insurer AA Insurance reveal uninsured motorists are responsible for more than a third of all accidents caused by a third party…
Claims scheme enacted for insurer in run-off
19 October 2009
The Federal Government has enacted the Financial Claims Scheme Policyholder Compensation Facility for the first time…
Judge lashes ‘obtuse’ APRA
19 October 2009
Ethical obtuseness, reprehensible behaviour and unreasonable attitudes…
Insurers’ investments rising, but trouble ahead
19 October 2009
Rising interest rates and improving equity markets are boosting insurers’ investment returns in the short term, but they will continue to face difficulties financing debt…
MP attacks Insurance Commission of WA
19 October 2009
A Western Australian MP has accused the Insurance Commission of WA of covering up a covenant enforced on a shopping centre it owns…
CTP insurers move in on Canberra
19 October 2009
NRMA Insurance’s monopoly in the ACT’s compulsory third party market is at an end, with one new licence already issued and four more insurers expressing interest…
Funding boost for Victoria’s bushfire areas
19 October 2009
Victorian communities devastated in the February bushfires have received another boost, with the Federal and Victorian governments announcing $193 million will go towards…
Asbestos issue bogged down in court system: lawyer
19 October 2009
It’s time to consider moving asbestos-related liability claims away from the adversarial common law system, according to a senior insurance lawyer…
Insurers ‘getting it right’ with indemnity exclusions
19 October 2009
Better insurance industry practices and clearer professional indemnity policies are two trends to emerge from the economic turmoil of the past 12 months…
Claims from landlords jump 21%
19 October 2009
Paying rent wasn’t a high priority for some tenants during the economic downturn, with one insurer’s claims for rental losses increasing 21% during the past year…
NZ compo scheme blows out $3.9 billion
12 October 2009
New Zealand is bracing for double-digit rises in national no-fault personal injury cover on the back of a $NZ4.8 billion ($3.9 billion) blowout in liability for the Accident Compensation…
Consistency key to regulatory compliance
12 October 2009
Insurance brokers will find it difficult to avoid any new regulation surrounding fees for service, according to a regulatory compliance expert…
Tower NZ tallies claims after Pacific tsunami
12 October 2009
Tower NZ has collected close to $NZ20 million ($16.5 million) in claims following this month’s earthquake and tsunami in the Pacific Islands…