Bermudian DOFI seeks APRA licence
15 May 2007
Giant Bermuda-based insurer Axis is keen to gain a licence from the prudential regulator following the Federal Treasury’s decision to regulate direct offshore foreign insurers…
Local
Consumers blind to insurance taxes
15 May 2007
Most Australians are unaware of the amount of state-based taxes on insurance policies, according to new research…
Budget fails on climate change: actuaries
15 May 2007
The Federal Government has not done enough to understand and act on the economic costs and responses to climate change in its 2007 Budget, actuaries have warned…
CGT rules short-change insurers
15 May 2007
Tax changes announced in the Federal Budget will affect insurance companies that have already settled their capital gains tax liabilities…
Drivers reflecting on vanity
15 May 2007
There are some weird surveys that come out these days, but few are as strange as an NRMA survey which finds more than a quarter of men admit to “preening” themselves while driving…
Risky games show up on road
15 May 2007
And now comes research which shows that playing computer games involving car races increases risk-taking behaviour in critical road traffic situations…
New Zealand captives may rise
15 May 2007
The New Zealand insurance market needs to develop a captive insurance industry to help expand its service industries, says Aon NZ Risk Consultant Jim Routledge…
DOFIs to play by home rules
08 May 2007
After much delay the Federal Government has ruled it will put direct offshore foreign insurers under the same scrutiny as local insurers…
Apologies all round as AAMI drops ad
08 May 2007
Direct insurer AAMI has discovered the intermediated market and found its practitioners bite when disturbed…
Car thieves immobilised
08 May 2007
Car thefts have halved in the past six years due mainly to the spread of vehicle immobilisers, according to a new study…
Allianz praises nanotechnology plan
08 May 2007
Allianz Australia is leading the applause for the Federal Government’s new plan to develop a $21.5 million National Nanotechnology Strategy…
Insurance help for SME exports
08 May 2007
The Federal Government is offering insurance and other financial services to small businesses to help them sell their wares overseas…
Engineering standard gets the nod
08 May 2007
Members of Engineers Australia have greater protection from costly liability suits after the organisation’s professional standards were recognised under Commonwealth legislation…
Brokers fuming over ‘insulting’ AAMI ad
01 May 2007
Direct insurer AAMI is moving into the SME market portraying brokers in terms NIBA believes are “disgraceful and insulting…”
Victoria set to slash compo premiums
01 May 2007
Tort reform and the need to compete with the Federal Government’s Comcare system are major factors behind a 10% cut in Victorian WorkCover insurance premiums…
NZ insurers and brokers attack FSL extension plan
01 May 2007
Insurers and brokers in New Zealand are up in arms over a Government proposal to increase the base for collecting the fire service levy and rescue services funding…
Insurance brokers can help avert PI stress
01 May 2007
Financial planners have been urged to work more closely with their insurance brokers and embrace PI insurance as a risk management tool rather than a “grudge purchase…”
Underwriters beyond the blues: report
01 May 2007
Insurance industry workers are among the most depressed people in the workforce, with one in 10 underwriters reporting moderate or severe depression, according to a national survey…
HIH civil action seeks $65 million in claims
01 May 2007
Former HIH director Rodney Adler will face new legal action from nearly 3000 former shareholders who say the jailed entrepreneur dudded them into buying HIH shares…
Non-insurance prevalent in Perth market blaze
01 May 2007
An iconic Perth market levelled by fire on Anzac Day has left hundreds of uninsured store owners facing an uncertain future…