… and ‘mutiny’ sailor gets his claim paid
21 April 2008
NZ yachtsman Bill Heritage, whose claim for the loss of his boat in a crew “mutiny” was initially refused by AMP, will now have the claim paid...
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AAIB recognises rising star
21 April 2008
Affinity Insurance Services Director Jacob Ross has won the Norm Dyer Award of Excellence at the AAIB annual conference...
Treasury ignores pleas for DOFI delay
14 April 2008
The Federal Government has rejected NIBA’s call for a delay in the introduction of the direct offshore foreign insurer legislation, which is due to come into effect on July 1...
Money laundering law threatens funding business
14 April 2008
Insurance premium funding is under threat from anti-money laundering legislation which encourages clients to pay premiums in one hit…
Promina resurrected in IAG rebuild: analysts
14 April 2008
IAG’s reorganisation into two operating divisions with a new division added to get serious about online business has earned praise from the investment community...
Insurers set to meet Sydney hail ‘name and shame’ deadline
14 April 2008
Insurers are on track to meet the June deadline imposed on them by the NSW Government to repair properties damaged from the western Sydney hailstorms in December…
Mackay homes finally assessed
14 April 2008
More than 98% of housing claims from the Mackay floods have now been assessed, says ICA...
NZ drivers face compulsory third party property cover
14 April 2008
NZ is set to introduce compulsory third party vehicle property damage insurance for drivers to ensure responsible motorists no longer foot the bill for the uninsured...
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…
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...