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…
Local
ICA considers UK’s flood model
11 July 2006
ICA is examining the UK’s “gentlemen’s agreement” on flood – a contract between the British Government and insurers on the management of flood – in a bid to explore all its options…
ICA holds Innisfail rebuilding show
11 July 2006
ICA in conjunction with the Queensland Government Building and Co-ordination Centre has held a home and rebuilding show in Innisfail directed at bringing the construction…
ICA downsizes to focus on public policy
04 July 2006
The Insurance Council of Australia has announced a new strategic approach which will include a complete restructure of the organisation and the closure of its regional offices…
Industry shares Costello’s one-system dream
04 July 2006
The insurance industry would cautiously welcome the day that Federal Treasurer Peter Costello’s impossible dream of a unified taxation system for Australia came true…
Four insurers sign up to voluntary smash repair code
04 July 2006
Large motor insurers and the Motor Trades Association of Australia have approved the Federal Government’s new voluntary code of conduct for the smash repair industry…
Concern over Victoria’s FSL
04 July 2006
NIBA has come out fighting against the Victorian Government’s latest charges for its fire services levy…
James Hardie wins on contributions
04 July 2006
Last week Sunrise Exchange News reported the Federal Government would not cut a special deal for James Hardie’s compensation fund to be treated as a charity for tax purposes…
NZ snowstorm costs $28 million
04 July 2006
The cost of damage after a snowstorm hit the New Zealand south island region of Canterbury last month is still being tallied, but the Insurance Council of New Zealand has estimated…
Dexta approves DOFI guide
04 July 2006
NIBA’s new guide to placing business with direct offshore foreign insurers has won praise from an unlikely source – Dexta Corporation, whose security reinsurer…
Cooper cops long term, Adler punished
27 June 2006
Former FAI Security Chairman Brad Cooper has been sentenced to eight years’ jail with a minimum of five years – the most severe jail sentence for anyone involved in HIH…
Determinations give IOS legal credibility
27 June 2006
The legal profession now recognises that the insurance industry’s major dispute resolution service has gone a long way to replacing the courts as an arbiter of disputes…
Quick response to Cyclone Larry
27 June 2006
More than 35% of Cyclone Larry insurance claims have been settled in the three months since the storm devastated Innisfail in Far North Queensland…
No charity for James Hardie
27 June 2006
The Federal Government will not bail out James Hardie by allowing it special tax treatment and says the company should be responsible for its asbestos victim payouts…
RIBA seeks new boss
27 June 2006
Former Regional Insurance Brokers Association Executive Officer Peter Lalor is again running the organisation following the resignation of Cathy Kelly…
HIH crash sparks warning for middle managers
20 June 2006
Middle managers, consultants and people who work below board level could be held accountable for any wrongdoing in company collapses…
Insurers save through reduced car thefts
20 June 2006
Australia’s campaign against car theft is working, with incident rates continuing to fall…
Insurance cover unlikely for NZ blackouts
20 June 2006
The Insurance Council of New Zealand says many businesses hit by a recent blackout in Auckland may have to cover the cost themselves…
NIBA launches tax campaign
14 June 2006
NIBA has launched an intensive “Say no to insurance taxes” campaign in a bid to curb the skyrocketing taxes imposed by governments in Australia…
NSW buries MPs’ call for tort changes
14 June 2006
The NSW Government has supported the insurance industry by disagreeing with many of the findings of a Legislative Council committee report on personal injury compensation…