… while public servants lose travel cover
10 July 2007
The Federal Government has stripped entitlements for Commonwealth public servants in moves aimed to save $20 million in workers’ compensation arrangements…
Local
ANZIIF award finalists announced
10 July 2007
The Australian and New Zealand Institute of Insurance and Finance has announced the finalists for its 2007 awards…
NSW flood cost beats Larry
03 July 2007
The Queen’s Birthday weekend floods in NSW are now Australia’s third most expensive natural disaster on record, after the 1999 Sydney hailstorms and the 1989 Newcastle earthquake…
Gippsland floods recede, losses to come
03 July 2007
Floods in Victoria’s Gippsland region have begun to recede, but rescue workers in some areas are still waiting for water levels to fall…
Queensland studies hoon immobilisers
03 July 2007
Queensland police will undertake a study into new car-immobilisation technology that could help reduce the number of lives lost on Australian roads – and still help a hoon get home…
Aspiring MP claims insurers rorting system
03 July 2007
Allegations of insurer-driven rorts in the Victorian smash repair industry have been refuted by major local insurer CGU…
Storm claims reach $350 million
26 June 2007
Widespread flooding in the NSW Hunter and Central Coast regions this month has produced more than $350 million in claims so far, according to the Insurance Council of Australia…
DOFI and DMF bill to be debated
26 June 2007
Legislation on how direct offshore foreign insurers and discretionary mutual funds will be regulated by the prudential regulator has been introduced into Federal Parliament…
Legal fraternity limbers up for DOFI showdown
26 June 2007
The Law Council of Australia and a lobby group representing the nine national law firms in Australia are each preparing submissions on the regulation of DOFIs this week…
Aussie brokers more vital than ever
26 June 2007
Australian insurance brokers are bucking global trends and increasing their share of the market’s distribution network each year…
Insurers must innovate to stay ahead
26 June 2007
Australian insurers will have to be more innovative to boost revenue and market share given the soft market, says Deloitte’s annual Global Insurance Industry report…
Big law firms to fight DOFI regulation
19 June 2007
A lobby group representing the nine national law firms in Australia is gearing up to fight moves by the Federal Government to regulate direct offshore foreign insurers…
NSW storms: claims surge but cost unclear
19 June 2007
The mounting insurance cost from storm damage in NSW has reached $280 million, but a final figure is likely to be much higher…
Hiring expectations are firing
19 June 2007
The labour market in financial services continues to boom, with hiring prospects at near record highs and overtaking the buoyant resources sector…
FAI lent Rivkin boat money
19 June 2007
FAI Insurance – the company run by jailed insurance chief Rodney Adler, which is often blamed for bringing down HIH – financed controversial entrepreneur Rene Rivkin’s…
ICA predicts $200 million in flood claims
13 June 2007
Flood damages in the Hunter region and central coast of NSW are currently estimated at $200 million in the area’s worst flooding in more than three decades…
Loss adjusters rush to NSW flood areas
13 June 2007
Loss adjusters from across Australia have travelled to NSW to assess claims in the wake of the state’s devastating floods at the weekend…
Newcastle ship salvage begins
13 June 2007
NSW-based salvage company United Salvage is mounting the salvage operation on the 40,000-tonne coal carrier Pasha Bulker stranded on Nobbys Beach near Newcastle…
Insurance salaries up
13 June 2007
Salary increases in the insurance sector are moving ahead of inflation but trail their counterparts in banking and accounting, according to a national survey…
ACCC approves smash repair guide
13 June 2007
The consumer watchdog has authorised the Motor Trades Association of Australia to promote a “real times” guide…