Stormy Canberra stings insurers for $25 million
06 March 2007
Canberra residents have filed more than $25 million in storm-related claims so far this year, with that number to rise once a figure is placed on the damage caused by…
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Tort reform battle hots up
06 March 2007
With the NSW election three weeks away, NSW Bar Association President Michael Slattery and Premier Morris Iemma have become embroiled in a heated exchange…
Medical indemnity market up to scratch
06 March 2007
Medical indemnity insurance has become more affordable and stable, according to a Federal Government review of the market…
Federal Government funds risk project
06 March 2007
The Federal Government has provided $120,000 in funding to develop a guide to security risk management, which has been compiled by the Risk Management Institution of Australasia…
Nuclear damage uninsurable
06 March 2007
Australian homes aren’t insurable against nuclear accidents – at least for now…
Insurance: job-seekers’ Ugly Betty
06 March 2007
More people would prefer to be shot at by the enemy than suit up for a career in insurance, according to a new snapshot that portrays the industry as anything but the profession…
Sundowners team heads out
06 March 2007
NIBA’s annual Sundowners marathon is off and running, with senior association figures speaking in Perth today and Sydney on Thursday…
D&O action may push premiums up
27 February 2007
Tough action by the Australian Securities and Investments Commission against former James Hardie directors could increase directors’ and officers’ liability premiums…
Hardie lawyers face renewed probe
27 February 2007
Allens Arthur Robinson, the legal firm that advised building products group James Hardie during its restructuring and Netherlands relocation, may come under fresh scrutiny…
Actuaries eye a wider role
27 February 2007
New Institute of Actuaries of Australia President Fred Rowley says more formal educational training is needed if actuaries are to comprehensively serve insurers, fund managers…
Call for NZ earthquake centre
27 February 2007
Some of the world’s top scientists are pushing for an earthquake and volcano forecasting centre to be established in New Zealand, according to research consultancy GNS Science…
Lawyers in election mode on tort reform
27 February 2007
Lawyers are gearing up for a campaign to wind back tort reform in NSW…
Animals increase vehicle claims costs
27 February 2007
Climate change is affecting just about every aspect of life these days, and it’s now causing higher road-kill rates as the drought pushes animals closer to roads…
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…
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…