Terrorism cover to go on, with changes
19 September 2006
The Federal Government says there’s still a need for a terrorism insurance scheme, but it has recommended several refinements…
Local
FICS acts to prevent Westpoint delays
19 September 2006
Disputes resolution body the Financial Industry Complaints Service is in the Federal Court today seeking a hearing regarding its ability to deal with complaints against financial advisers…
IOS lowers thresholds for disputes
19 September 2006
The Insurance Ombudsman Service will soon be able to rule on disputes involving sums up to $280,000 instead of the old $150,000 limit…
NIBA defends ACT rates-based fire levy
19 September 2006
NIBA Chief Executive Noel Pettersen has come out in support of the ACT Government’s rate-based levy to fund fire and emergency services…
ICA’s new appointments
12 September 2006
Following the substantial management overhaul that saw 12 positions made redundant and the Melbourne and Perth offices closed, the Insurance Council of Australia…
IDRO’s future is cloudy
12 September 2006
The appointment by ICA of Karl Sullivan as GM Policy – Risk and Disaster Directorate to co-ordinate the industry’s post-disaster response and partnership with governments…
Compulsory smash code gets mixed reaction
12 September 2006
The use of preferred smash repairers has added fuel to the fiery relationship between the smash repair and insurance industries, but the NSW Government hopes…
Market softens, but insurers more disciplined
12 September 2006
Increased competition is beginning to have an effect on underwriting profit. But despite a softening of the market, the industry is more disciplined than it was five years ago…
Canberra ill-prepared for bushfires
12 September 2006
Canberra’s fire services are no better prepared for an eventful bushfire season than they were during the 2003 bushfire disaster, according to insiders…
QBE wins insurance group of the decade
12 September 2006
QBE isn’t just the Australian general insurer of the year, as judged by NIBA brokers. It has now been named the “insurance group of the decade…"
NSW tweaks workers’ compensation
12 September 2006
The NSW Government plans to amend workers’ compensation laws to ensure injured workers cannot be fired for making a claim…
IAG fined for misleading customers
05 September 2006
Having caused a stir in the Australian auto repair industry with its web-based Care & Repair system, IAG is in hot water across the Tasman…
Rate cutting may affect tort reform, says Vero
05 September 2006
Insurers which reduce public liability premiums to maintain market share risk winding back the benefits of tort reform, according to Vero Insurance risk management chief Paul Muir…
The big issues confronting brokers
05 September 2006
The biggest issue facing Australian insurance brokers is a skills shortage, according to a Zurich Australia survey…
Total replacement for all AAMI home policies
05 September 2006
AAMI is offering all customers total replacement cover for their home building policies…
ICA appointment news due soon
05 September 2006
The Insurance Council of Australia is expected to finalise details at the end of this week for people to head up its new policy directorates…
Wellington gas crisis leads to claims
05 September 2006
A gas shortage that has been affecting Wellington for the past week is likely to result in a number of claims mostly from restaurants and hotels…
Trowbridge gains actuary award
05 September 2006
The Institute of Actuaries of Australia has named new regulatory chief John Trowbridge as Actuary of the Year…
Clayton Utz voted among the best
05 September 2006
National law firm Clayton Utz has won two annual awards voted by readers of international insurance publication Reactions…
NZ eyes compulsory property damage scheme
29 August 2006
New Zealand insurers are worried by a Ministry of Transport decision to examine the feasibility of making motor vehicle third party property damage insurance compulsory…