Minister attacks insurers on FSL
01 August 2006
As NIBA’s tax protest campaign begins to bite with politicians, Victorian Emergency Services Minister Tim Holding has hit back, attacking the insurance industry for profiteering…
Local
Reforms only one sign of change, says NIBA chief
01 August 2006
The financial services reforms have confused empowering consumers with overpowering them, NIBA CEO Noel Pettersen told a conference last week…
Insurer wins costs in NSW appeal
01 August 2006
Tort law reform is back in the spotlight after a NSW Court of Appeal decision gave an insurer the right to full cost recovery from an unsuccessful plaintiff…
ICA backs report on red tape
01 August 2006
The NSW Independent Pricing and Regulatory Tribunal has released its draft “red tape” report, in which it acknowledges the cost of regulation for the insurance industry…
James Hardie and ATO close to agreement
01 August 2006
Federal Treasurer Peter Costello says the stand-off between James Hardie and the Australian Taxation Office is likely to be resolved soon…
States create second inquiry
01 August 2006
The state and territory governments have agreed to launch a second inquiry into legal loopholes that allow companies to avoid liabilities related to injury and death…
Financial Literacy Foundation changes
01 August 2006
IAG CEO Michael Hawker is standing down from the Financial Literacy Foundation Board, citing pressure from other commitments…
Liability rates fall
25 July 2006
The insurance industry and the Federal Government have welcomed research showing public liability premiums are continuing to fall…
Clark decision not a threat to tort reform
25 July 2006
A High Court decision last week doesn’t signal a weakening of the tort reform process, a leading insurance lawyer says…
Survey predicts global consolidation
25 July 2006
The international insurance industry is poised for another period of intense consolidation, with 52% of companies expecting to use acquisitions to enter new markets…
Weatherproofing deadline challenges insurers
25 July 2006
Insurers aren’t to blame for the slow pace of reconstruction in settlements south of Cairns devastated by Cyclone Larry in March, says the man heading up the recovery taskforce…
Local industry celebrates annual awards
25 July 2006
Vero Insurance New Zealand was named General Insurance Company of the Year at the annual Australia and New Zealand Insurance Industry Awards in Sydney last night…
QBE hits back at rumours
18 July 2006
Leading insurer QBE has rejected allegations that it is undercutting rates to gain market share…
Brokers: rates still dropping
18 July 2006
Many insurers continued to reduce premium rates in June to maintain market share or expand their business, according to brokers…
ICA code takes effect
18 July 2006
The new General Insurance Code of Practice comes into effect today, after a 12-month transition period…
Theft reduction bounces back
18 July 2006
Vehicle theft numbers around Australia are set to come down following the introduction of Operation Bounce Back…
ACCC pulls plug on public liability pool
11 July 2006
With the public liability crisis over and the market continuing to soften, the Australian Competition and Consumer Commission has decided to close down the co-insurance…
NSW opposition gets on FSL bandwagon
11 July 2006
NSW’s State Opposition is rallying behind the industry’s fight against the collection of fire services levies in the state…
State governments push for James Hardie charity
11 July 2006
In the lead-up to the Council of Australian Governments meeting on Friday, the state and territory governments have written a joint letter to Prime Minister John Howard…
NZ floods not as bad as expected
11 July 2006
Storms that battled the North Island of New Zealand last week will not be as costly to insurers as expected, according to the Insurance Council of New Zealand…