NZ fire services levy ‘outrage’
24 April 2007
The New Zealand insurance industry has come out swinging against a Government proposal to collect the fire services levy, as well as funding for rescue services…
Local
Non-insurance under review
24 April 2007
The Insurance Council of Australia is seeking answers on why so many people in Australia forgo home and contents cover…
NZ business urged to help on climate change
24 April 2007
Governments cannot be expected to “fix” climate change, NZ Minister for Climate Change David Parker says, and business and communities are vital partners in adopting sustainable…
ANZIIF trains Vietnam professionals
24 April 2007
The Australian and New Zealand Institute of Insurance and Finance has begun a contract with the Vietnam Ministry of Finance to set up a technical education and training centre…
Insurance Ombudsman reappoints panel
24 April 2007
The three panel members of the Insurance Ombudsman Service have been reappointed on three-year terms as the service announces the creation of a second panel…
Livestock broking leader dies
24 April 2007
Bob Logan, the founder of leading livestock insurance agency Logan Financial Services, has died suddenly…
IBNA members agree to Austbrokers alliance
17 April 2007
Members of major broker cluster group IBNA have approved an alliance with rival broker network Austbrokers…
Smash repairs not so ‘funny’
17 April 2007
Another set of guidelines for the smash repair industry has been released, recommending the abandonment of “funny time, funny money”…
Coastal homes face climate risk
17 April 2007
Homeowners in coastal regions of Australia and New Zealand will suffer a big decline in property values if insurers withdraw cover to minimise exposure to climate change…
Legal protection for good deeds mooted
17 April 2007
Queensland’s “good Samaritans” could be given legal protection to lend aid in emergency situations under amendments proposed by state Opposition Leader Jeff Seeney…
ICA supports arson conviction rewards
17 April 2007
The Insurance Council of Australia will continue to administer and support the Arson Reward Scheme in conjunction with federal and state police…
Clean bill of health for doctors’ PI premiums
17 April 2007
Medical indemnity premiums are down for the third straight year, with the ACCC finding prices at Australia’s six providers to be generally and actuarially justified…
Commission ad ruled misleading
17 April 2007
A TV commercial by the NZ Government-owned Accident Compensation Corporation telling viewers “you’re covered” has been deemed misleading…
Insurers outshine banks
17 April 2007
Insurance companies in Australia are outperforming big banks in creating wealth for shareholders, reversing a trend in other mature markets…
DOFI tax payment doubt
11 April 2007
Stamp duty levies for direct offshore foreign insurers have exposed regulatory inconsistencies, according to IAG CRO and Group Actuary Tony Coleman…
Industry posts healthy results
11 April 2007
The Australian insurance industry underwriting result for the 12 months to December 31 last year was $3.6 billion, an increase of 25.1% on the previous year, according to…
Allianz queries DMF exemptions
11 April 2007
As the insurance industry eagerly awaits the Federal Treasury position on how DOFIs will be regulated, the question of how discretionary mutual funds will be treated is also in limbo…
Fodera found guilty
11 April 2007
Former HIH CFO Dominic Fodera has been found guilty on charges stemming from the release of a 1998 prospectus that omitted key information about its underwriter…
Claims compo scheme details expected soon
11 April 2007
The HIH Royal Commission findings were handed down more than five years ago, and finally the insurance industry is close to finding out what the Council of Financial Regulators…
Duncan West departs as Suncorp takes over
03 April 2007
Suncorp-Metway has revealed its post-takeover management team following its $7.9 billion takeover with Promina…