Cyclone Larry claims to exceed $500 million
27 March 2007
Claims by residents and businesses hit by Cyclone Larry last year are expected to climb above $500 million, and the overall cost is projected to exceed $1 billion…
Local
Lawyers’ tort reform bid fails
27 March 2007
A hard-fought campaign to wind back tort reform in NSW won major political support last week – but the last-minute backing by the luckless state opposition on the eve…
Premium funding deal was a surprise
27 March 2007
None of the four premium funders that make up the Steadfast broker cluster group’s panel were aware that Steadfast was negotiating with Macquarie Bank to set up a joint venture…
ANZIIF publishes some good value
27 March 2007
It’s no “Insurance for Dummies”, but a new book published by the Australian and New Zealand Institute of Insurance and Finance hopes to take some of the guesswork out of…
Steadfast reveals plan to float
20 March 2007
Broker cluster group Steadfast has unveiled a strategy that will see the group transform over the next few years into a public company…
JV decision defended
20 March 2007
The decision to form a joint venture premium funder with Macquarie Bank has angered Grant Burley, MD of market leader Pacific Premium Funding…
States set to fight Comcare changes
20 March 2007
NSW and Victoria have vowed to fight changes to federally administered Comcare workers’ compensation…
Keep the client on top, says NIBA chief
20 March 2007
Meeting client expectations remains an essential link in the insurance delivery chain, says NIBA CEO Noel Pettersen…
Insurance fraud countered
20 March 2007
An insurance fraud tool that has been used by 15 of the top 20 insurers in the US since 1994 may have application in the Australian market…
Industry predicts strong recruitment
20 March 2007
Hiring expectations in the financial services industry have reached a four-year high, with nearly half of employers expecting to add more staff in the June quarter…
RIBA applauds excellence
20 March 2007
Victorian-based Regional Insurance Brokers Association has recognised Justin Sweeney of Shepparton for his commitment to the insurance industry…
Regulation review nears law-making stage
13 March 2007
The Federal Government’s corporate and financial services regulation review is being pushed through the consultative process to get it ready for the legislative draughtsmen…
Fire risk climbs on climate change: experts
13 March 2007
Australian communities – and the insurers that cover them – will be exposed to larger, more intense bushfires unless new solutions to climate change are found, fire and climate experts…
George packs a punch
13 March 2007
A mining camp in northern WA was the major victim when Tropical Cyclone George wreaked havoc around the Pilbara region on Friday…
SA excludes terrorist acts from third party cover
13 March 2007
Terrorist acts against motor vehicles and buses in South Australia will not be covered by compulsory third party insurance, sparking criticism that victims could be left without…
Lawyers step into election race
13 March 2007
NSW lawyers aren’t easing the pressure on Premier Morris Iemma in the lead-up to the March 24 election…
GIO embroiled in Kaye fraud hearing
13 March 2007
Suncorp subsidiary GIO has been accused of disregarding prudential requirements in selling deposit bonds to investors – many of whom later lost their savings…
Car theft down but costs rise
13 March 2007
Australia’s car theft rates have continued to fall, with annual statistics showing a 7% drop for 2006…
APRA pathway for young scholars
13 March 2007
The Australian Prudential Regulation Authority will be offering scholarships to four students this year to promote research in the industry…
Promina shareholders say yes: now for the hiring
06 March 2007
Promina shareholders yesterday overwhelmingly agreed to the proposed merger with Suncorp. About 707 million shares voted in favour, compared with 1.64 million proxy votes against…