State and federal taxes ‘too high’
12 October 2009
A global survey on taxation has highlighted the burden Australia’s state and federal taxes, compulsory superannuation contributions and workers’ compensation insurance…
Local
Victoria still not ready for fire season
12 October 2009
The Victorian Government concedes that not all measures recommended by the Victorian Bushfires Royal Commission will be ready in time for the upcoming bushfire season…
New insurance magazine set for launch
12 October 2009
Online news publisher insuranceNEWS.com.au has announced plans to launch a new magazine for the risk insurance sector…
Insurer faces up to Samoan tsunami
05 October 2009
Insurer Tower NZ has forecast “extensive” insured losses following last week’s earthquake and tsunami in the Pacific Islands…
Federal Court allows claims against Lehman Bros
05 October 2009
Local councils have won the right to pursue insurance payouts from policies belonging to failed US investment bank Lehman Brothers…
Extreme weather fuels dispute spike
05 October 2009
General insurance disputes increased by 34% in the 2008/09 financial year, according to the latest annual review from the Financial Ombudsman Service…
Honours even among top home insurers
05 October 2009
A financial services group and two banks join three of Australia’s leading general insurers to receive five-star ratings for their home and contents insurance from financial services researcher Cannex…
Claims trickle in after wild weather in Tasmania
05 October 2009
Insurers have escaped massive payouts after wild weather struck Tasmania last week…
Brakes applied to car theft during recession
05 October 2009
Car thefts over the past financial year fell by 11% since 2007/08 – the largest decrease since 2005…
Sweeping workers’ comp reforms revealed
28 September 2009
Workplace Relations Minister Julia Gillard has revealed sweeping changes to the nation’s “absurd” mix of workers’ compensation laws…
ICA clarifies position on insurance tax
28 September 2009
The Insurance Council of Australia has affirmed its fight against insurance taxes after its public silence on the issue drew criticism from the insurance industry…
D&O limits under pressure
28 September 2009
Rising numbers of shareholder class actions have put directors’ and officers’ policies under scrutiny amid fears combined limits may serve only to protect companies rather than their managers…
Few claims yet as dust storm settles
28 September 2009
The widespread disruption caused by last week’s dust storm in NSW and Queensland has so far failed to translate into a major claims event…
Flood situation far from ideal: ICA
28 September 2009
The lack of widespread flood cover in Australia is “far from ideal” and requires a greater government commitment, says Insurance Council of Australia President Terry Towell…
Brokers want climate change training
28 September 2009
Brokers are being hammered by extreme weather events and are eager for Australia to start acting on climate-related risks now…
Work to begin on national disaster warning system
28 September 2009
Telstra will immediately begin work on a new national telephone-based disaster warning system, the Victorian Government has announced…
Brokers not confident giving climate change advice
22 September 2009
Brokers are concerned about climate change but don’t feel confident enough to advise their clients on the risks…
Local insurance industry passes stern test: KPMG
21 September 2009
Underwriting discipline will be crucial to continued profitability among Australian insurers faced with lower investment earnings, according to KPMG…
Premium funders win money laundering exemption
21 September 2009
The insurance premium funding industry has officially won an exemption to key aspects of Australia’s anti-money laundering legislation after two years of industry lobbying…
Builders’ warranty a cash cow in Victoria
21 September 2009
A Victorian report into builders’ warranty insurance has revealed most claims on the product are rejected…