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…
Local
NSW covers children for car injuries
29 August 2006
In another sign that tort reforms are here to stay, the NSW Government has announced the first stage of the new Lifetime Care Scheme, saying it is a landmark reform…
Bank makes a move to Comcare
29 August 2006
About 20,000 staff at the National Australia Bank could soon be covered by a single workers’ compensation scheme…
States ‘harmonise’ operations
29 August 2006
Even as they battle to keep large national companies in their state-run workers’ compensation schemes, the two most populous states now acknowledge the difficulties employers…
Alert on code’s claims-handling issues
29 August 2006
The Institute of Claims Technicians has called on the industry to be aware of the implications of the new General Insurance Code of Practice…
Airbag scams cost insurers
29 August 2006
Motor insurers are being warned about the latest scam in the Australian vehicle repair market…
NZ insurance awards announced
29 August 2006
Wellington broker Brett Gray has been named New Zealand’s Insurance Broker of the Year…
Community Care won’t argue
22 August 2006
The co-insurance pool trading as Community Care Underwriting Agency is unlikely to keep trading after December next year…
Court decision means faster reinsurance run-off
22 August 2006
A Federal Court decision has paved the way for much faster processing of reinsurance claims in Australia…
James Hardie slips on profit
22 August 2006
James Hardie’s operating profit for the three months to June 30 fell 36% to $US35.5 million ($46.3 million) after a foreign exchange charge related to its $1 billion asbestos…
HIH creditors expect another five cents
22 August 2006
HIH creditors will receive another five cents in the dollar from early next year as liquidator Tony McGrath works to recover another $1 billion of the $5.3 billion lost…
Bracks simmers as fire services levy debate warms up
15 August 2006
Victorian Premier Steve Bracks is not likely to rethink the way the fire services are funded any time soon if his comments on radio station 3AW last week are anything to go by…
Where ICA is heading: Hawker
15 August 2006
The Insurance Council of Australia is moving in a “completely new proactive direction”, according to President Michael Hawker…
Dutton backs insurance tax reform
15 August 2006
Assistant Treasurer Peter Dutton says the states and territories need to be continually reminded about the HIH Royal Commission’s recommendation for the abolition of…
Lloyd’s warns on Sydney company
15 August 2006
Lloyd’s has issued a warning that a Sydney stock brokerage called The Armitage has been falsely claiming to have Lloyd’s coverage…
Outlook stable, but softening rates a risk
15 August 2006
Favourable market conditions and strengthening balance sheets have led ratings agency Standard & Poor’s (S&P) to give the Asia-Pacific insurance industry a “stable” outlook…
Quake compounds New Zealand’s rough winter
15 August 2006
New Zealand is suffering a winter of extremes, with millions of dollars worth of damage from floods, mudslides, slips and snowstorms…
ACC under fire in NZ
15 August 2006
New Zealand’s political leaders are once again crossing swords over the country’s national accident compensation scheme…
Industry has room to move, says Axiss
08 August 2006
The local industry is highly developed and well regulated, and although it has experienced record profits in recent years there’s still room for growth, according to a new report…
APRA releases new stats
08 August 2006
The Australian Prudential Regulation Authority has released its half-yearly general insurance bulletin, which includes statistics from 133 Australian insurers…