Merged ombudsman will stick to its knitting
14 July 2008
The industry’s new mega-disputes resolution body may wield considerable weight within the industries it serves, but it won’t become an advocate for consumers...
Local
Another reshuffle at the top for ICNZ
14 July 2008
The New Zealand Insurance Council is searching for its third president in less than four months following the appointment of IAG NZ CEO Nick Hawkins as the new Sydney-based CFO of the IAG group...
Don’t change home warranty system, says NIBA
14 July 2008
The National Insurance Brokers Association has warned a Senate inquiry into home warranty insurance against changing the way the policy is distributed...
Australian actuaries expand to general insurance
14 July 2008
Insurance statisticians can now call themselves actuaries...
IAG job cuts a sign of wider malaise?
14 July 2008
The increased prevalence of natural disasters and the global credit crunch are putting strain on the insurance industry, a union leader believes...
NSW chooses Warren Tickle winner
14 July 2008
Regional broker Matthew O’Donnell has been named NSW regional finalist for NIBA’s nationwide Warren Tickle Memorial Award...
Flood proposal wins ACCC approval – with strings attached
07 July 2008
The Australian Competition and Consumer Commission says it will approve the Insurance Council of Australia’s common industry flood definition, but has attached some…
Aussie insurers have most to gain from privatising NZ compo
07 July 2008
Australian insurers are in the box seat to benefit if the National Party wins the upcoming New Zealand election and once again privatises the Accident Compensation Corporation…
NIBA welcomes proposal to cut insurance tax
07 July 2008
NIBA has strongly endorsed a proposal by the New South Wales economic regulator to cut insurance stamp duty and abolish the fire services levy...
QLD, SA name Warren Tickle Memorial Award winners
07 July 2008
Two regional finalists for NIBA’s Warren Tickle Memorial Award have been named, with Queensland and South Australia announcing state winners on Friday...
Insurance lawyer Alliance’s first female president
07 July 2008
An insurance lawyer has become the first female and youngest president of the Australian Lawyers Alliance...
Job losses predicted as the industry looks overseas
30 June 2008
Thousands of Australian insurance jobs will move offshore over the next 20 years as companies centralise operations for efficiency gains, a report into the services sector claims...
NSW broker criticises insurer’s aggressive pricing
30 June 2008
Leading insurers have been singing in chorus lately about the need to push up premiums to counter falling profits...
Vero defends home warranty insurance
30 June 2008
Vero has defended the quality of last-resort home warranty insurance as a Senate inquiry into the product continues...
Freemans Marine to cover east coast for Lloyd’s
30 June 2008
The marine division of claims specialists Freemans has been appointed a Lloyd’s agent for Sydney and Melbourne, extending the company’s coverage to the whole of the east coast...
Landlord insurance claims on the rise as rent soars
30 June 2008
Landlord claims for lost rent and property damage are expected to rise in the next six months as rents continue to rise in the major cities...
Equipment to help disaster recovery
30 June 2008
The Federal Government has pledged $30 million for new equipment for recovery efforts for disasters such as building collapses and earthquakes...
Claims hammer industry profits
23 June 2008
The insurance industry’s net profit plummeted by more than a third to $3.5 billion for the year ending March 31 as higher claims expenses took their toll, according to…
NZ proposes compulsory third party motor cover
23 June 2008
The NZ Government is a step closer to introducing compulsory third party property motor insurance to combat damage caused by uninsured drivers...
D-day looms for DOFIs
23 June 2008
The insurance industry enters a new era next week as key legislation takes effect restricting the activities of foreign insurers in the Australian market...