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…
Local
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…
More flock to ‘narrowed’ Comcare
03 April 2007
Last week’s High Court decision to allow large employers to ditch state and territory workers’ compensation schemes and self-insure under the Federal Government’s Comcare…
Lawyers renew push for national PI
03 April 2007
Australia’s peak law body is reviving its campaign for a national professional indemnity scheme after large firms threatened to withdraw from state law councils…
Make me an offer, online
03 April 2007
More consumers are going online for insurance quotes as internet sales cut into the market share of phone sales…
Apartments get terrorism cover
03 April 2007
People in apartments are now able to insure against the risk of a plane being hijacked by terrorists and crashing into their building…
Report lacks climate change detail: actuaries
03 April 2007
Climate change, particularly its impact on future generations, needs further study, the nation’s actuaries have warned…
Awards to highlight industry professionalism
03 April 2007
The Australian and New Zealand Institute of Insurance and Finance has opened nominations for the 2007 insurance industry awards across 12 categories…
NZ flood claims reach $10 million
03 April 2007
Insured losses from flooding in New Zealand’s far north and Whangarei regions could reach $NZ10 million ($8.8 million), with thousands of claims already received by insurers…
States lose Comcare case
27 March 2007
Australian states no longer have a monopoly over compulsory workers’ compensation insurance…