Experts consider the world of claims
09 May 2006
The continuing evolution of the claims sector will be under the microscope on the Gold Coast this week as 150 leaders in the claims sector, exhibitors and insurance experts…
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Cyclone Larry assessments near end
02 May 2006
More than 95% of the loss assessments associated with Cyclone Larry have been completed, and the people affected have generally been pleased with the industry’s response…
NZ floods act as warning
02 May 2006
Floods in New Zealand’s Otago, Southland, Northland and Coromandel regions are likely to mean only modest insurance losses but the Insurance Council of New Zealand…
Break-ins fall – premiums might follow
02 May 2006
Australian Bureau of Statistics figures show a sharp decline in the number of household break-ins since 2002, which may put downward pressure on insurance premiums…
Potts appointed to Productivity Commission
02 May 2006
Federal Treasurer Peter Costello has appointed former Treasury executive Gary Potts as a Commissioner on the Productivity Commission…
Sundowners: nutting out the issues
02 May 2006
NIBA brokers will have the opportunity to meet with the leaders of the association and other brokers to discuss pressing industry issues at this year’s NIBA Sundowners roadshow…
Industry welcomes conflicts paper
26 April 2006
A discussion paper released by the business regulator last week on managing conflicts of interest has been welcomed by the financial services industry…
Personal liability loophole finally closed
26 April 2006
The final amendments to the Trade Practices Act became law last week, bringing to an end the process of public liability tort reform…
Insurers help after Cyclone Larry
26 April 2006
Suncorp CEO John Mulcahy has been appointed to the taskforce dealing with rebuilding in Innisfail and surrounding areas after the devastation caused by Cyclone Larry on March 19…
Cyclone Larry’s insurance impact negligible
19 April 2006
Insured losses from Cyclone Larry are estimated to be $300-400 million, and while that will have a slight impact on insurers’ profits it won’t adversely affect the industry…
CSR reaches $103.3 million asbestos settlement
19 April 2006
Australian industrial group CSR has reached an insurance litigation settlement of about $103.3 million with a group of 48 Australian, UK and European insurers for US asbestos claims…
Aon extends its reach
19 April 2006
Sunrise Exchange News reported it weeks ago, but now it’s official – Aon Australia has bought Melbourne-based national broker Freeman McMurrick…
Time equals lower chance of recovery for stolen cars
19 April 2006
Recovered stolen vehicles are most likely to be found within two weeks of the theft; and after that, the chances of recovering stolen cars is slim, according to new industry statistics…
Government acts to cut red tape
11 April 2006
The Federal Government has announced a plan to tackle recommendations made in a report by the Taskforce on Reducing the Regulatory Burdens on Business – Rethinking Regulation…
Industry supports regulation cost-cutting
11 April 2006
The insurance industry has been trying to get the Federal Government to listen to its concerns about the high cost of regulation for years, and it looks like some of its prayers…
FICS wins Axa court case
11 April 2006
The Financial Industry Complaints Service says a Victorian Supreme Court ruling against Axa Asia-Pacific means members can have more confidence in FICS determinations…
Suncorp cyclone claims reach $85 million
11 April 2006
Suncorp Metway has received more then 5800 insurance claims since the devastation wrought by Cyclone Larry, and the total in losses is expected to be about $85 million…
Pressure mounts on smash repair debaters
11 April 2006
The clock is ticking for NRMA Insurance and the NSW Motor Traders Association…
…and more stats from APRA
11 April 2006
Hot on the heels of the inaugural Half Yearly General Insurance Bulletin covering the period to June last year, the prudential regulator has just released its…
NSW MP acts against insurers’ smash repair deals
04 April 2006
NSW Independent MP Richard Torbay has introduced a private member’s bill into the NSW Parliament that sets out to ban preferred smash repairer schemes…