Local industry celebrates annual awards
25 July 2006
Vero Insurance New Zealand was named General Insurance Company of the Year at the annual Australia and New Zealand Insurance Industry Awards in Sydney last night…
Local
QBE hits back at rumours
18 July 2006
Leading insurer QBE has rejected allegations that it is undercutting rates to gain market share…
Brokers: rates still dropping
18 July 2006
Many insurers continued to reduce premium rates in June to maintain market share or expand their business, according to brokers…
ICA code takes effect
18 July 2006
The new General Insurance Code of Practice comes into effect today, after a 12-month transition period…
Theft reduction bounces back
18 July 2006
Vehicle theft numbers around Australia are set to come down following the introduction of Operation Bounce Back…
ACCC pulls plug on public liability pool
11 July 2006
With the public liability crisis over and the market continuing to soften, the Australian Competition and Consumer Commission has decided to close down the co-insurance…
NSW opposition gets on FSL bandwagon
11 July 2006
NSW’s State Opposition is rallying behind the industry’s fight against the collection of fire services levies in the state…
State governments push for James Hardie charity
11 July 2006
In the lead-up to the Council of Australian Governments meeting on Friday, the state and territory governments have written a joint letter to Prime Minister John Howard…
NZ floods not as bad as expected
11 July 2006
Storms that battled the North Island of New Zealand last week will not be as costly to insurers as expected, according to the Insurance Council of New Zealand…
ICA considers UK’s flood model
11 July 2006
ICA is examining the UK’s “gentlemen’s agreement” on flood – a contract between the British Government and insurers on the management of flood – in a bid to explore all its options…
ICA holds Innisfail rebuilding show
11 July 2006
ICA in conjunction with the Queensland Government Building and Co-ordination Centre has held a home and rebuilding show in Innisfail directed at bringing the construction…
ICA downsizes to focus on public policy
04 July 2006
The Insurance Council of Australia has announced a new strategic approach which will include a complete restructure of the organisation and the closure of its regional offices…
Industry shares Costello’s one-system dream
04 July 2006
The insurance industry would cautiously welcome the day that Federal Treasurer Peter Costello’s impossible dream of a unified taxation system for Australia came true…
Four insurers sign up to voluntary smash repair code
04 July 2006
Large motor insurers and the Motor Trades Association of Australia have approved the Federal Government’s new voluntary code of conduct for the smash repair industry…
Concern over Victoria’s FSL
04 July 2006
NIBA has come out fighting against the Victorian Government’s latest charges for its fire services levy…
James Hardie wins on contributions
04 July 2006
Last week Sunrise Exchange News reported the Federal Government would not cut a special deal for James Hardie’s compensation fund to be treated as a charity for tax purposes…
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…
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…