NZ drive for CTP hits the brakes
30 March 2009
The combination of a new National Party government and the global economic crisis appears to have quelled New Zealand’s push for compulsory third party vehicle damage cover...
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Former insurance executives spread their wings
30 March 2009
Insurance executives make good non-executive directors, according to a new study by financial research group Riskmetrics...
WA set to overhaul workers’ compensation
30 March 2009
WA Commerce Minister Troy Buswell has announced a review of the state’s workers’ compensation regime with the aim of creating “modern and responsive” legislation...
CGU hosts bushfire fundraiser
30 March 2009
CGU went above and beyond its primary role of paying claims to bushfire victims by hosting a glitzy fundraising bash in Melbourne on Saturday night...
New broker category among expanded industry awards
30 March 2009
The annual Australia and NZ Insurance Industry Awards will feature two categories for brokers this year and a new category for underwriting agencies...
West calls for united effort on insurance image
23 March 2009
The insurance industry needs to work together to decide its agenda for the next 10 years, and it must address its image problems, according to CGU CEO Duncan West...
Lloyd’s chief outlines rising D&O risk
23 March 2009
Lloyd’s CEO Richard Ward sees exposure to claims against directors and officers as one of the biggest risks to insurers coming out of the global financial crisis...
Bushfires death toll set at 210
23 March 2009
The death toll from the Victorian bushfires in February has been set at 210...
CEO stood up to Rudd
23 March 2009
A senior industry CEO remonstrated with Prime Minister Kevin Rudd over his comments about insurers’ commitment to helping Victorian bushfire victims, well-informed...
Steadfast convention goes west
23 March 2009
Broker cluster Steadfast will hold its 12th convention in Perth next March, defying persistent rumours that Melbourne was to host the 2010 event...
Midwives protest over PI insurance proposal
23 March 2009
Federal Government moves to introduce compulsory professional indemnity insurance for midwives have hit a snag: the premiums are likely to be too high for most midwives...
ANZIIF insurance industry award entries open
23 March 2009
Applications are now open for the 2009 Australian and New Zealand Insurance Industry Awards...
Drivers want cyclists licensed
23 March 2009
A poll of Brisbane motorists by motor insurer Budget Direct has found 60% of motorists believe cyclists should be licensed...
Clarification
23 March 2009
A report in insuranceNEWS.com.au last week said the cargo ship Pacific Adventurer would be billed for spilling oil in Queensland’s Moreton Bay...
D&O claims on the rise as crisis heads down under
16 March 2009
An increase in litigation and regulatory action resulting from the global financial crisis is expected to result in hefty directors’ and officers’ claims in Australia...
ICA backs $50,000 ‘fair and compassionate’ bushfire grant
16 March 2009
The Insurance Council of Australia has backed the decision to grant blanket $50,000 payments to all owners of homes destroyed by the Victorian bushfires...
Insurance taxes discouraging, says Lloyd’s chief
16 March 2009
The Victorian bushfires have illustrated the dangers of over-taxing insurance policies, particularly in times of economic recession, Lloyd’s CEO Richard Ward said yesterday...
Insurers escape the wrath of Cyclone Hamish
16 March 2009
Despite reaching the same intensity as the devastating Cyclone Larry of 2005, severe tropical cyclone Hamish last week wandered down the Queensland coast but failed to come ashore...
Credit protection insurance comes under fire
16 March 2009
Consumer organisation Choice has come out with guns blazing against credit protection insurance, calling it a rip-off and a sham...
Hard market is here: Marsh
16 March 2009
Insurance broker Marsh has declared the soft insurance market in Australia is over...