Bushfires amount to $20 million
07 February 2006
The Insurance Disaster and Response Organisation has released preliminary estimates of $20 million for the cost of insured damage from the Victorian bushfires…
Local
Swiss Re launches natural disaster cat bond
07 February 2006
Swiss Re has launched Australia’s first ever catastrophe bond for natural catastrophes…
Another chief justice joins in on tort reform debate
07 February 2006
Just when you thought there were no more seats left on the tort reform bandwagon, another chief justice has climbed aboard…
Employers call for workers’ comp rate reduction
07 February 2006
High workers’ compensation premiums are holding Victorian businesses back, the Australian Industry Group has warned…
Veterans’ insurance could go private
07 February 2006
In what is becoming an increasingly popular trend, the Federal Government is considering selling off its veteran’s insurance scheme to the private sector…
Privacy Code revoked
07 February 2006
The General Insurance Information Privacy Code will be revoked from April 30 following a review of the code and an application from ICA to the Privacy Commission for it to be revoked…
Competition takes to the water
07 February 2006
Industry sailors (and plenty of landlubbers along for the fun) will be racing again on Sydney Harbour on February 24 in the ninth annual Insurance Industry Charity Sailing Regatta…
Brokers wary of rate reductions
31 January 2006
Brokers are concerned increased competition, including the growth of underwriting agencies, is leading underwriters to drop premium rates by substantial levels…
Ombudsman releases claims details
31 January 2006
The Insurance Ombudsman Service has released details of disputes between insurance companies and consumers for the first time…
Sparks fly over smash repair report
31 January 2006
Just when you thought it was safe to get back to work, along comes another parliamentary report to throw a spanner in the works…
SA overhauls workers’ comp
31 January 2006
South Australia is overhauling its workers’ compensation scheme, getting rid of the multi-insurer claims agency system it pioneeered and introducing a single operator…
Industry welcomes DOFIs discussion paper
31 January 2006
Some dubious direct offshore foreign insurers operating in Australia have concerned insurers and brokers for years, and at last the Federal Government has made a decisive step…
Industry underwriting results down
31 January 2006
The general insurance industry had total assets of $81.8 billion at the end of September, according to APRA…
New codes shake up NZ property
31 January 2006
The newly diagnosed “Shaky Building Syndrome” is causing tremors throughout the New Zealand property market…
Committee recommends dilution of tort reforms
13 December 2005
The industry has hit out at the recommendations of the NSW General Purpose Standing Committee which has called on the Government to roll back the state’s 1999 tort reforms…
Adler caught breaking the rules again
13 December 2005
Jailed former FAI CEO Rodney Adler has once again been disciplined for breaking the rules in prison…
Canberra storm damage reached $15 million
13 December 2005
Claims estimates for storm damage in Canberra on December 2 have reached $15 million, and might climb even higher as claims continue to come through…
FPA chief moves to Insurance Council
06 December 2005
Financial Planning Association CEO Kerrie Kelly will be the new Executive Director of the Insurance Council of Australia…
NSW CTP profits slammed
06 December 2005
Law reforms brought in by the NSW Government in 1999 are allowing further cuts to be made to compulsory party insurance in the state, but a plaintiff law lobby group remains…
NRMA Insurance sues motor trades group
06 December 2005
NRMA Insurance has filed a lawsuit against the Motor Traders Association of NSW and the Country North Vehicle Repairers Association over what the insurer says…