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…
Local
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…
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…
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…