NRMA Motoring not interested in insurance… yet
28 March 2006
What goes on in the boardroom should stay in the boardroom – at least according to NRMA Motoring and Services…
Local
Awards season opens for 2006
28 March 2006
The industry awards season has officially begun. Nominations for the Australia and New Zealand Insurance Industry Awards have opened for 2006…
Adler’s back in his room as appeal fails
28 March 2006
When former FAI executive Rodney Adler was sent to jail last year he told his children he was being sent to his room for a long time…
Brokers find FSL changes hard to keep up with
21 March 2006
Brokers are becoming increasingly frustrated by the varying fire services levies passed on to policyholders and the unpredictable times that insurers choose to charge them…
'No fault' CTP scheme for children
21 March 2006
The NSW Government has introduced a $285 million “no-fault” compensation scheme for children and lifetime care for adults catastrophically injured in motor vehicle accidents…
IBD teams up with banking ombudsman
21 March 2006
Insurance Brokers Disputes, the independent body handling complaints against brokers, is to share a common IT system and staff with the Banking & Financial Services Ombudsman…
New brokers’ code starts up on January 1
21 March 2006
After much discussion, and the odd delay, NIBA will implement its new Insurance Brokers Code of Practice from January 1 next year…
Mum’s the word on DOFIs
21 March 2006
Treasury has stopped accepting submissions on its review of discretionary mutual funds and direct offshore foreign insurers – but it’s not saying when it will…
Phillips Fox loses 15 partners in Perth
21 March 2006
The Perth operation of major law firm Phillips Fox, which has traditionally operated through a franchise arrangement, has lost 15 partners in the wake of a move to integrate…
Larry blocks off Innisfail
21 March 2006
Loss adjusters will begin heading into the cyclone-devastated area around Innisfail tomorrow as analysts warn of losses in the tens of millions…
IOS launches new website
21 March 2006
The Insurance Ombudsman Service has launched a new website that provides an interactive “Disputes Wizard” that helps consumers determine whether the service can help them…
New board for ICNZ
21 March 2006
Lumley General Insurance NZ CEO Rieny Marck has been elected President of the Insurance Council of New Zealand…
NRMA cuts additional smash repairer premium
14 March 2006
NRMA Insurance has bitten the bullet and will reinstate free customer choice in its web-based smash repair system…
ICA attacks Victoria’s backdoor fire deals
14 March 2006
The Insurance Council of Australia has warned Victorian Premier Steve Bracks against raising the Melbourne Metropolitan Fire Brigade budget when it’s not justified…
Steadfast takes Perth
14 March 2006
A record attendance of more than 1100 delegates guaranteed that this week’s Steadfast Convention in Perth was going to be a busy affair was the level of activity and interest…
Brokers will hold market share: Pirone
14 March 2006
Brokers will maintain their dominance of commercial insurance distribution over the next 10 years, according to CGU CEO Mario Pirone…
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…
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…