NIBA calls for extension to DOFI deadline
07 April 2008
The Federal Government’s continuing delays in finalising exemptions to the new direct offshore foreign insurer rules has prompted NIBA to call for a three-month extension to the July 1…
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Insurers count cost of Victorian windstorm
07 April 2008
The cost of damage from the wild weather that blew through Victoria and Tasmania last Wednesday could top $50 million...
IOS merges to form Financial Ombudsman Service
07 April 2008
A merger between the Insurance Ombudsman Service, Financial Industry Complaints Service and Banking and Financial Services Ombudsman is on schedule for mid-year...
Australia to adopt Montreal Convention
07 April 2008
The Federal Government’s introduction of new airline liability standards is expected to have little effect on local aviation insurance insurers...
Consumers warned to check flood cover
07 April 2008
Consumer group Choice is urging consumers to check their insurance policies to see what type of flood they are covered against...
… as minister warns, 'Don’t take cash from insurers'
07 April 2008
Queensland Housing Minister Robert Schwarten has warned Mackay homeowners whose homes were damaged in the February floods not to treat cash settlements from insurers…
Underinsurance endemic as rental stress bites
07 April 2008
Spiralling interest rates and rental charges are preventing tenants from taking up home contents insurance, according to personal lines insurer AAMI...
Skipper’s claim sinks after crew mutinies
07 April 2008
New Zealand yachtsman Bill Heritage, whose inexperienced crew mutinied on a coastal trip last week and forced him to abandon ship, has had his claim denied by his insurer...
Warren Tickle nominations close
07 April 2008
Nominations for the 2008 Warren Tickle Memorial Award have closed, with the year’s outstanding young broker set to be named at NIBA’s annual convention in Darwin…
Willis commission move failing, say insurers
31 March 2008
An attempt by broker Willis Australasia to introduce set commission rates could be dead in the water because major insurers say they’ve already negotiated lower rates...
Q4 profits wash off in water
31 March 2008
The $400 million Sydney hailstorm capped a stormy 2007 final quarter that plundered 71% of insurers’ underwriting profits, according to the Australian Prudential Regulation Authority...
Insurance insiders invited to 2020 Summit
31 March 2008
The insurance industry will be well represented at the Australia 2020 Summit in Canberra next month...
XL explains downgrade confusion
31 March 2008
Bermuda-based insurer XL Capital is in damage control mode after Fitch Ratings downgraded several companies using the XL brand...
Hospital project linked to subprime pain
31 March 2008
Melbourne media reports that a project to build a new Royal Children’s Hospital could be indirectly affected by the US subprime crisis revolve around the downgrading of a US insurer...
Cyclone George cleanup reveals flaws with disaster recoveries
31 March 2008
A year after Cyclone George tore through WA’s Pilbara region, a local council is telling victims who have had insurance claims rejected to apply for relief...
MP claims 200 policies unpaid from ’06 cyclone
31 March 2008
The Insurance Council of Australia has offered to meet controversial Federal MP Bob Katter to discuss unpaid insurance claims allegedly left unattended two years after Cyclone Larry…
Flood-wrecked Mackay cars net $6 million
31 March 2008
More than 1000 cars rated total insured losses from the Mackay floods have gone under the hammer at auction, returning $6 million...
Risk management is poor, say actuaries
31 March 2008
The Institute of Actuaries of Australia says recent economic jitters have exposed complacent risk management practices among Australian firms...
ANZIIF extends training to Thailand
31 March 2008
ANZIIF has introduced training programs in Thailand under a deal with the Thailand Insurance Institute...
ANZIIF set to merge with the UK’s Chartered Insurance Institute
17 March 2008
The Australian and New Zealand Institute of Insurance and Finance is planning to merge with its UK counterpart, the Chartered Insurance Institute...