NSW fire services levy to increase – again
14 June 2006
The NSW Government has increased taxes on insurance again, despite the fact that the state is already one of the highest-taxed places in the world when it comes to insurance…
Local
WA pushed on stamp duty
14 June 2006
Applying insurance stamp duty on a GST-exclusive basis for insurance premiums would not involve any substantial change to administration costs…
McGrath chases $400 million for HIH
14 June 2006
HIH liquidator Tony McGrath has begun his pursuit of $400 million in damages against FAI Insurance advisers, including federal Parliamentary Secretary Malcolm Turnbull…
DOFI progress slow
14 June 2006
The industry shouldn’t hold its breath waiting for the Federal Treasury to decide how direct offshore foreign insurers and discretionary mutual funds should be regulated…
Premiums costly burden to Larry victims
14 June 2006
Cyclone Larry victims and neighbours have been dealt another blow, this time through higher household insurance premiums…
Loss adjusters lift the bar
14 June 2006
The Australasian Institute of Chartered Loss Adjusters is lifting the minimum standard of education required for a practising loss adjuster…
Smash repair code promotes transparency
06 June 2006
There’s a lot more transparency evident in the highly anticipated voluntary code of practice for the insurance and smash repair industries released by Federal Small Business Minister…
Telstra announces new CEO of Sunrise Exchange
06 June 2006
Telstra has appointed Brendan Tobin as Chief Executive of Telstra eBusiness Services, the company which manages the insurance industry’s major technology platform…
Lawyers take another swipe at insurers
06 June 2006
The lawyers are at it again, trying to nibble around the edges of tort reform by claiming the reforms have gone too far…
Ex-Club Marine chief pays $375,000
06 June 2006
Former Club Marine CEO Paul Wilson has agreed to stand down for 30 days from his new business Nautilus Marine Insurance Agency and pay $375,000 in damages to Club Marine…
NZ FSL may be affected
06 June 2006
The New Zealand Government is keen to merge the country’s volunteer and professional fire brigades into one organisation, for two reasons – to get rid of outdated legislation…
Ace pulls out of NZ quake risks
06 June 2006
Ace Insurance (NZ) is scaling back its exposure to commercial property risks in NZ due to the potential for a big earthquake in the Wellington region…
New CEO for actuaries
06 June 2006
The Institute of Actuaries of Australia has announced the appointment of John Maroney as CEO…
Climate change comments praised
06 June 2006
Former US Vice President Al Gore has praised IAG CEO Michael Hawker’s leadership over the global warming issue…
IAG’s Smith goes to Zurich
30 May 2006
Former IAG New Zealand CEO David Smith has been appointed COO of Zurich Australia…
Rick Jackson quits IAG
30 May 2006
Rick Jackson, the IAG executive who fought the group’s battle against smash repairers over new procedures for repairs, resigned and left the company last week…
Victoria sneaks in a levy surprise
30 May 2006
The Victorian Government is poised to begin charging a fire services levy from July 1 on notional premiums where the broker or agent uses net ratings…
Claims follow ferry drama
30 May 2006
NZ insurers are still totting up the cost of a wild ride on a ferry that extensively damaged cars and cargo…
NRMA offers training cash
30 May 2006
NRMA Insurance seems to have a love-hate relationship with the NSW smash repair industry…
Innisfail needs tradespeople, says Cosgrove
30 May 2006
Rebuilding after the Cyclone Larry disaster around Innisfail is well under way, but a lack of tradespeople is slowing things down…