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…
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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…
Broker pioneer awarded Order of Australia
13 June 2007
Insurance broking and financial planning pioneer Gwen Fletcher has been recognised in the Queen’s Birthday Honours List with her appointment as a member…
Truck accident causes identified
13 June 2007
Fatigue and inappropriate speed for the prevailing conditions caused more than half of serious truck accidents recorded by truck insurer National Transport Insurance during 2005…
Engineers fear PI rate hike
13 June 2007
Five years after the professional indemnity market crisis, cover for engineering firms remains a thorny issue amid fears that premiums will rise…
FSL backdown ‘victory for common sense’
05 June 2007
The Victorian Government’s fire services levy on insurance premiums may remain, but the industry has scored a small victory in its battle against the controversial tax…
Scrap insurance taxes: Costello
05 June 2007
Federal Treasurer Peter Costello has taken a swipe at the economic credibility of Labor state governments, calling on them to dump taxes on insurance products…
IOS sets up medical indemnity panel
05 June 2007
The Insurance Ombudsman Service has amended its terms of reference to establish a medical indemnity panel to deal with all medical indemnity disputes involving medical practitioners…
Insurers gripe over excessive regulation
05 June 2007
Executives and directors in the global insurance industry are rebelling against excessive regulation, and Australian companies are also anxious about a forthcoming round of mergers…
… and risk management poses concern
05 June 2007
Australian organisations have concerns related to managing operational risk, according to a Deloitte survey on risk management practices…