Budget changes workers’ comp
16 May 2006
Federal Workplace Relations Minister Kevin Andrews is cutting benefits in the Commonwealth workers’ compensation scheme, saying it’s a move to make Comcare more consistent…
Local
James Hardie pays $1 billion
16 May 2006
James Hardie Industries has recorded an annual net loss of $657.92 million after reserving $1 billion for compensation to asbestos victims…
Government steps into repairer debate
16 May 2006
The dispute between NSW smash repairers and IAG subsidiary NRMA Insurance is likely to be resolved by legislation…
Underwriting business excels
16 May 2006
Underwriting agencies account for $1.6 billion in annual premium to the Australian insurance industry and are becoming a more significant part of the industry…
Work experience insurance
16 May 2006
As part of its 2006/07 budget, the Federal Government has pledged $2.7 million towards insurance for job-seekers on work experience…
AAMI winning in the polls
16 May 2006
The general insurance industry is looking pretty good in the eyes of consumers…
Austbrokers set to work with IBNA
09 May 2006
Recently floated broker network Austbrokers has begun a six-month exclusive negotiation period with rival cluster IBNA to pursue complete acquisition…
IAG among those headed for Asia
09 May 2006
The world’s biggest insurers are looking to this region for their next acquisitions, according to international analysts KPMG…
Repairer remains consumer choice
09 May 2006
The NSW Government has announced it will not support the “anti-steering” legislation introduced by independent MP Richard Torbay, much to the delight and relief of the…
Rebuilding continues after Cyclone Larry
09 May 2006
Suncorp has completed most of its assessments for home, building and contents claims received as a result of Cyclone Larry and says claims costs are still expected to be…
Staff scarcity drives salaries up
09 May 2006
A few years ago insurance professionals in their thousands were being laid off by an industry determined to drive down costs…
Call for clearer regulation
09 May 2006
The Federal Government needs to create a regulatory framework that is simpler, clearer and more efficient for consumers and businesses, says Parliamentary Secretary…
ICA elects new board
09 May 2006
ICA members elected their 2006/07 board last week, with the only newcomer Elders Insurance Brokers GM Tim Plant…
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…
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…