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Local

Hardie gets its tax break

21 February 2006

New tax laws introduced last week have given James Hardie Industries a break in its $1.6 billion settlement payout to asbestos victims…

Vehicle theft statistics improve

21 February 2006

Annual vehicle thefts have reduced for the fourth year in a row. Last year thefts were down 8% to 78,604 vehicles across the country…

IBANZ appoints new CEO

14 February 2006

The Insurance Brokers Association of New Zealand has appointed former broker Gary Young as its new CEO…

Territory holds on to TIO

14 February 2006

The Northern Territory Government has bowed to public pressure and kept the Territory Insurance Office under government ownership – the last general insurance operation…

Tassie lawyers battle insurers

14 February 2006

Tasmanian workers’ compensation is the latest theatre in the unending war between Australian insurers and the legal profession…

Allianz joins VECCI Workcover arrangement

14 February 2006

The Victorian Employers’ Chamber of Commerce and Industry has appointed Allianz to manage its workers’ compensation scheme in a bid to improve WorkCover…

Climate group too political, says Government

14 February 2006

IAG and the World Wildlife Fund’s Australian Climate Group is raising climate change issues the Government sees as being too political, and Canberra is taking action to silence the issue…

HIH pays dividends

14 February 2006

Creditors left high and dry after the collapse of HIH in 2001 will receive their first lot of dividends mid-year…

Local consolidation still on the cards

07 February 2006

QBE and IAG have been busy this summer adding to their growing Asian portfolios, but speculation that they could be now looking in their own backyards for potential…

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…

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…