Extension called for PI plan
18 September 2007
NIBA is calling on the Federal Government to extend the start-up date for regulations requiring all brokers to hold professional indemnity cover…
Local
Mulcahy warns on integration benefits
18 September 2007
The crunch in international credit markets and unexpected natural disasters are the main caveats ahead of Suncorp boosting profits by 10% this year, CEO John Mulcahy says…
Brian Gray scholarships awarded
18 September 2007
The Australian Prudential Regulation Authority has announced the recipients of its annual Brian Gray scholarships…
Safe driving guide for Kiwi employers
18 September 2007
Land Transport New Zealand and the Accident Compensation Corporation have collaborated on a resource to help NZ businesses educate employees on safe driving…
Public expectations unrealistic, not unreasonable: IOS
11 September 2007
Insurers are largely to blame for the unrealistic expectations of consumers, according to the Insurance Ombudsman…
Liability lines plummet in 2006
11 September 2007
Margins in professional indemnity and public liability insurance have come under further pressure as global and domestic insurers trade pricing jabs in the $2.6 billion liability market…
Broker optimism qualified by takeovers
11 September 2007
A survey taken at the Steadfast Convention in March shows brokers are optimistic about the year ahead, despite the soft market…
Consumer advocate challenges insurers
11 September 2007
Banking and Financial Services Ombudsman Consumer Director Fiona Guthrie has thrown down the gauntlet to the insurance industry…
CGU wins its case
04 September 2007
The moral of the story is: always check with the insurer before paying compensation…
Analysts tough on IAG
04 September 2007
Market watchers have savaged IAG following its announcement of a downsized profit for fiscal 2007…
… and KPMG warns on reserves
04 September 2007
Record profits for Australia’s top-shelf insurers are being bankrolled by reserve releases, which is a trend that won’t last, according to the latest industry snapshot by KPMG…
Premium rise could backfire: Deloitte
04 September 2007
IAG’s bold move to bring about a correction on commercial lines could backfire unless consumers are prepared to wear a price increase, Trowbridge Deloitte has warned…
Emerging technology risks unknown: Swiss Re
04 September 2007
Insurers will remain quarantined from emerging energy markets until governments worldwide lay down market blueprints to support low-emissions technologies…
Premium pressure set to continue
04 September 2007
Intense competition and healthy capacity levels combined to push premium rates down over the second quarter of 2007, according to Aon Australia…
Premiums to continue
28 August 2007
Suncorp CEO John Mulcahy says claims that the insurance industry cycle has reached a dangerous low point are unfounded…
Punters – and insurers – hold their breath
28 August 2007
Hundreds of businesses connected with the racing and equestrian industries are checking the fine print on their insurance policies this week…
Allianz raises its stake in Austbrokers
28 August 2007
Allianz Australia has increased its stake in key broker cluster Austbrokers from its current level of 4.9% to 5.1%…
IBD begins code enforcement
28 August 2007
Insurance Brokers Disputes has announced plans for auditing the new Insurance Brokers Code of Practice…
Insurers tip small flood bill
28 August 2007
The damage bill from flooding across southeast Queensland is likely to exceed millions of dollars, but insurers are not concerned about any threat of dramatic losses…
Young brokers undergo judging
28 August 2007
Some of Australia’s brightest young brokers are in Sydney this week attending personal development sessions and judging for NIBA’s Warren Tickle Memorial Award…