Ex-OAMPS bosses set up new cluster
20 February 2007
A new broker cluster has been formed in Melbourne to focus on business continuity opportunities, using key staff who formerly worked for OAMPS prior to its acquisition…
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Wesfarmers Insurance boss to retire
20 February 2007
Wesfarmers Insurance CEO and MD Bob Buckley has taken the division to unprecedented heights, but he will retire on July 1 after more than 40 years in the industry…
Australian flood data too disparate
20 February 2007
A visiting specialist in natural hazards says the Australian insurance industry needs nationwide flood data collection similar to the system used by the US Federal Emergency Management…
Fewer brokers, but they’re still on top
20 February 2007
Insurance brokers continue to frustrate insurers’ predictions of a falling market share for them, says NIBA CEO Noel Pettersen…
Federal and state war on tort reform
20 February 2007
Small businesses and community groups will see their insurance premiums rise if the proposal by the new Queensland Attorney-General Kerry Shine to undo tort reform goes through…
Victoria proposes OHS merger
20 February 2007
Thirteen occupational health and safety regulations will be rolled into one document under proposed changes to Victoria’s workplace safety laws…
Airline stamp duty row erupts
20 February 2007
The Victorian Opposition says the State Government has introduced a “stealth” tax on foreign airlines by demanding stamp duty for the portion of overseas-arranged insurance…
Call for balanced DOFI regulation
13 February 2007
The long-awaited Federal Government decision on new arrangements for the regulation of direct offshore foreign insurers is expected before the end of the month…
Sales advice proposals upset industry
13 February 2007
Moves by the Federal Government to allow financial service providers to offer sales recommendations not considered to be financial advice are being vigorously resisted by NIBA…
Suncorp hits back
13 February 2007
Suncorp subsidiary GIO has demanded a retraction and an apology from the Nine Network’s “A Current Affair”, claiming a report on a motor insurance customer…
James Hardie shareholders give nod to fund
13 February 2007
After much legal wrangling, shareholders of Australia’s largest building supplies company have given the green light to setting up a $4.5 billion compensation fund for asbestos victims…
FPA policy executive shifts to ICA
13 February 2007
Financial Planning Association Policy and Government Manager John Anning has resigned to become GM Policy, Regulation Directorate, with the Insurance Council of Australia…
Industry told: do more for consumers
13 February 2007
Extended replacement and total replacement policies being touted in Australia as the newest way to help consumers are hardly new in the global market…
ACT Government may face insurer action
13 February 2007
The results of the coronial inquest into the January 2003 Canberra bushfires will be of more than passing interest to insurers, says law firm Abbott Tout…
Insurance industry sails for charity
13 February 2007
The Insurance Industry Charity Sailing Race is on again in Sydney on February 23…
Call for government action on climate change
06 February 2007
Following the release of a hard-hitting report into climate change from the respected Intergovernmental Panel on Climate Change, the local insurance industry is pushing…
Suncorp prepares for flood of Queensland claims
06 February 2007
Flooding has caused havoc throughout north Queensland, where Ingham remains cut off and Townsville is accessible only from the south, but local insurer Suncorp says it’s prepared…
Home warranty inquiry stalls
06 February 2007
A NSW parliamentary inquiry into the state of home warranty insurance will be suspended until after the state’s March 24 election…
Gross premiums hit $28.2 billion
06 February 2007
Gross premium revenue for insurance entities regulated by the Australian Prudential Regulation Authority was $28.2 billion for the 12 months ended June 30 last year…
Premium reductions not as severe
30 January 2007
The commercial insurance market is continuing to soften, with most classes experiencing rate reductions of 1-9%, but insurance brokers say the falls are generally less severe…