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…
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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…
Greens look for workers’ comp changes
28 February 2006
The party that may soon hold the balance of power in the Tasmanian Parliament has come out against the 2001 reforms to workers’ compensation rules…
Vehicle thefts continue to fall
28 February 2006
Australian car owners, and their insurers, are continuing to benefit from continuing reductions in car thefts…
James Hardie commits to compensation
28 February 2006
James Hardie Industries is confident it can meet expectations in fulfilling its compensation deal with asbestos victims and is currently in talks with the Australian Taxation Office…
Heavy motor product upgraded
28 February 2006
National Transport Insurance has automated its heavy motor product NTI Express, offering brokers faster and more convenient access to Sunrise® Exchange…
Disclosure: make it less ‘boilerplate’
21 February 2006
Disclosure of conflicts of interest needs to be more simple so customers can actually understand what a company is trying to say, Australian Securities and Investments…
WA lawyers want state-run PI
21 February 2006
Lawyers in Western Australia are angling for a new professional indemnity regime, saying the current system is inflexible and unnecessarily expensive…
Medical indemnity rates drop
21 February 2006
Tort reforms introduced to ensure medical indemnity insurance remains available and affordable have seen the average premium fall by 3% in 2005/06, according to a new report…