NIBA attacks insurance tax
13 October 2008
NIBA has attacked the ongoing heavy taxation of insurance in a submission to the Federal Government review of Australia’s tax system...
Local
Tougher times a plus for premium funders
13 October 2008
Brokers’ clients are returning to premium funding as their preferred method of paying for insurance, according to Macquarie Premium Funding CEO Gary Seymour...
NIBA supports IBDL move into FOS – in principle
13 October 2008
NIBA will support the convergence of Insurance Brokers Disputes Ltd into the Financial Ombudsman Service as long as brokers are not disadvantaged…
AIG keeps focus on local growth
06 October 2008
It’s official – AIG intends to remain as a significant player in the Australian insurance market, and its aggressive strategy of moving into new market segments is being retained...
Insurance shares the pick of the bunch
06 October 2008
The US financial crisis and resultant slide in the Australian stock market has seen local insurance shares emerge as diamonds in the rough...
Providers clash over home warranty insurance
06 October 2008
The ongoing Senate inquiry into home warranty insurance has sparked a verbal stoush between public and private providers of the product...
Mercer man wins Actuary of the Year
06 October 2008
The Institute of Actuaries of Australia has named Sydney executive Darren Wickham as actuary of the year...
AAMI survey reveals road rage is rampant
06 October 2008
Road rage is on the increase in Australia, according to a survey by insurer AAMI...
IBANZ award finalists announced
06 October 2008
Finalists have been selected from a record number of nominations for the Insurance Brokers Association of New Zealand general insurance industry awards...
Reserve Bank comfortable with local insurers
29 September 2008
Australian general insurers are generally well insulated from the financial turmoil engulfing the US economy, according to the Reserve Bank of Australia...
HIA defends stance on home warranty insurance
29 September 2008
The Housing Industry Association has defended its controversial stance on home warranty insurance, maintaining the policy works despite being labelled “junk insurance” by builders…
Oil firm wins interim $4.7 million Varanus Island BI claim
29 September 2008
WA oil and gas exploration and production company Tap Oil has won a $4.7 million partial interim business interruption claim relating to the loss of gas supply following…
Allianz flees North Queensland personal lines market
29 September 2008
Allianz Australia has defended its decision to deny North Queenslanders home insurance cover for cyclone, storm and flood damage...
Aussies unsure about road rules
29 September 2008
A survey from car insurer Budget Direct reveals Victoria has an important skills shortage – many drivers don’t know the road rules...
Statement from AIG Australia
23 September 2008
Brokers need to weather the AIG storm
22 September 2008
Local brokers should not panic and shed business placed with AIG Australia as the US parent recovers from the brink of collapse, according to a senior broker...
Local subsidiaries stay the course despite US jitters
22 September 2008
The parent company may be under the pump but it’s business as usual for the foreign-based subsidiaries of AIG...
QBE wins seventh straight insurer of the year title
22 September 2008
QBE has won its seventh straight NIBA General Insurer of the Year accolade at the NIBA Convention in Darwin...
Zurich boss disappointed at sunk flood definition
22 September 2008
Zurich Financial Services Australia CEO David Smith is disappointed that an industry approach to a common flood definition for now appears dead and buried...
Credit insurance claims hit record high
22 September 2008
Credit insurance claims are increasing across almost all industries, according to Australia and NZ’s largest credit insurance broker and risk manager...