Larry blocks off Innisfail
21 March 2006
Loss adjusters will begin heading into the cyclone-devastated area around Innisfail tomorrow as analysts warn of losses in the tens of millions…
Local
IOS launches new website
21 March 2006
The Insurance Ombudsman Service has launched a new website that provides an interactive “Disputes Wizard” that helps consumers determine whether the service can help them…
New board for ICNZ
21 March 2006
Lumley General Insurance NZ CEO Rieny Marck has been elected President of the Insurance Council of New Zealand…
NRMA cuts additional smash repairer premium
14 March 2006
NRMA Insurance has bitten the bullet and will reinstate free customer choice in its web-based smash repair system…
ICA attacks Victoria’s backdoor fire deals
14 March 2006
The Insurance Council of Australia has warned Victorian Premier Steve Bracks against raising the Melbourne Metropolitan Fire Brigade budget when it’s not justified…
Steadfast takes Perth
14 March 2006
A record attendance of more than 1100 delegates guaranteed that this week’s Steadfast Convention in Perth was going to be a busy affair was the level of activity and interest…
Brokers will hold market share: Pirone
14 March 2006
Brokers will maintain their dominance of commercial insurance distribution over the next 10 years, according to CGU CEO Mario Pirone…
Government reviews medical indemnity laws
14 March 2006
The Federal Government is reviewing the medical insurance laws it put in place following the 2002 collapse of major provider UMP…
Professionals’ council closer
14 March 2006
A national professional standards council for professions wanting to access capped professional indemnity premiums is on its way – albeit with strange timing…
Injury claims back with the states
07 March 2006
The Federal Government has moved to reinforce state-based liability caps, closing a legal loophole that allowed claims under the federally administrated Trade Practices Act…
The cost of red tape: $100 million
07 March 2006
A dramatic increase in regulation over the past decade has resulted in a $100 million annual compliance bill for the general insurance industry, according to ICA Executive Director…
ICA devises industry blueprint
07 March 2006
The large number of changes in the political arena makes it hard for ministers to keep up to date on all things insurance, so ICA is developing an industry “blueprint”…
Flood No 1 priority, says ICA
07 March 2006
Finding a way to make flood insurance universally available to the community at an affordable price is at the top of ICA’s agenda this year…
Brisbane flood mistakes could cost $120 million
07 March 2006
One of the major hurdles in the flood mitigation is the refusal of many councils to publicise flood mapping, which leads to homes being built in flood-prone areas…
No 1 judge criticises plaintiff lawyers
07 March 2006
High Court Chief Justice Murray Gleeson says plaintiff lawyers have “pushed the envelope” in mounting lawsuits…
Bushfire threat still a reality
07 March 2006
While the threat of bushfires may have subsided in some areas of northern NSW, the rest of the state still remains on high alert after NSW recorded its hottest summer on record…
Victoria delays controversial law
28 February 2006
The Victorian Government has delayed the implementation of its controversial State Emergency Service Act by 12 months to July 1 next year…
Another top judge calls for tort changes
28 February 2006
Queensland Chief Justice Paul de Jersey has strongly criticised restrictions in personal injury compensation laws…
A light at the end of the smash repair tunnel?
28 February 2006
They’re still fighting, but the worst of NRMA Insurance’s dispute with smash repairers appears to be behind the motor insurer – at least according to parent company…
FICS rules to change
28 February 2006
A legal challenge in 2004 that left the Financial Industry Complaint Service with a large legal bill over a decision it made in relation to a member’s behaviour has led the…