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…
Local
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…
Squire recognised for services to regulation
08 August 2006
NIBA Life Brokers and Advisers Committee Chairman David Squire is a man of many associations…
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…
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…