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…
Local
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…
Insurers urged to embrace communities
21 August 2007
Insurers must evolve beyond being cash machines for claim cheques to become community citizens, according to Zurich Australia CEO David Smith…
Industry on profit track: S&P
21 August 2007
Insurance industry profits remain bullish but weather-related losses, staff shortages and falling premiums loom as show stoppers, according to global ratings agency Standard & Poor’s…
NSW begins tax review
21 August 2007
The entity charged with reviewing all NSW taxes says the controversial fire services levy on insurance policies will be considered…
Long-tail reform requires light touch: Pearce
21 August 2007
Reforms to long-tail liability laws will be no easy matter as business productivity is balanced against the rights of personal injury claimants…
NZ looks at warranty scheme
21 August 2007
New Zealand house builders have cast doubt on a Government proposal to make them take out builders’ warranty insurance…
IBANZ elects new board
21 August 2007
The Insurance Brokers Association of New Zealand has a new board of directors following its AGM in Wellington on Sunday…
Commercial premiums continue slide
14 August 2007
Insurance premiums are almost certain to continue their four-year slide into the near future, with analysts predicting more pain for insurers in the fiercely competitive domestic market…
CGU under pressure on flood claims
14 August 2007
IAG subsidiary CGU Insurance has copped a media broadside for rejecting claims in Victoria’s flood-ravaged Gippsland region…
Average cyclone season tipped
14 August 2007
Average sea temperatures are leading scientists to predict the 2007/08 Australian cyclone season will be on a par with last year…
Bank on India’s growth: Truss
14 August 2007
Rampant growth in the Indian economy is spawning opportunities for Australia’s financial services sector, Trade Minister Warren Truss says…
Critics slam NZ emergency levy
14 August 2007
The NZ Government is under mounting pressure to modify or dump plans to radically overhaul fire services and how they are funded, according to the Insurance Council of New Zealand…
Merger talk scuttled
14 August 2007
Is the Insurance Council of Australia planning a merger with its New Zealand counterpart..?
Premium cuts cause concern…
07 August 2007
The so-called premium wars in the Australian market may be causing instability, according to the local offshoot of one of the world’s most diversified global players…
… but APRA says insurers are solid
07 August 2007
The financial strain of Cyclone Larry has yet to be felt by insurers, with industry profits up and claims stable in the latest snapshot by the Australian Prudential Regulation Authority…
No exemptions for foreign insurers, yet
07 August 2007
Insurers, brokers and businesses have been given their first glimpse of how new rules regulating direct offshore foreign insurers will operate from next year…