NIBA offers timely advice on underinsurance
20 September 2005
Following the release of ASIC’s report on underinsurance last week, NIBA has urged brokers to read the report and identify if any of their practices regarding advice…
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Ian Balfe dies
20 September 2005
Former CGU CEO Ian Balfe died on Sunday night after a brief battle with cancer…
ASIC jumps on the underinsurance bandwagon
13 September 2005
The industry’s long and relatively unsuccessful underinsurance campaign has been given a boost with the Australian Securities and Investments Commission…
ASIC questions value of online insurance calculators
13 September 2005
ASIC’s report into underinsurance also raised issues about the quality of online insurance calculators and their ability to provide concise and effective quotes for homeowners…
S&P forecasts strong outlook
13 September 2005
Standard & Poor’s Ratings Services says the credit quality for non-life insurers in Australia should remain strong over the next couple of years, supported by strong profitability…
Australia leads asbestos death list, says lawyer
13 September 2005
Australia has the world’s highest per capita incidence of the asbestos-related disease mesothelioma, according to Sydney legal specialist Kim Bradey…
Brough on attack as states raise insurance take
06 September 2005
State politicians on both sides of the political divide have copped a caning from Assistant Federal Treasurer Mal Brough for heaping further taxes on insurance premiums…
IBANZ loses CEO
06 September 2005
Insurance Brokers Association of New Zealand CEO Denis Orme has quit the organisation after a year in the job…
Industry must choose its course
06 September 2005
The insurance industry is now in a position where it can choose to continue the current positive cycle by maintaining underwriting discipline or “succumb to the historic temptations…
High Court decision hurts injury lawyers
06 September 2005
The first real challenge to attempts to curb plaintiff lawyers’ activities has been rejected by the High Court…
ICA on the ball with smash repairer code
06 September 2005
Only a couple of weeks after the Productivity Commission told the insurance and auto smash repair industries to develop a voluntary code of conduct or have the Federal Government…
Williams declares bankruptcy
06 September 2005
Former HIH CEO Ray Williams has filed for bankruptcy and has already offloaded about $11.5 million of property and shares since the one-time mega insurer went down the gurgler…
…While FAI trio declare their innocence
06 September 2005
Meanwhile, the criminal trial of former FAI executives Daniel Wilkie, Timothy Mainprize and Stephen Burroughs has begun in the Supreme Court of NSW…
NSW audits its insurance tax take
06 September 2005
The NSW Office of State Revenue has modified its demands for information from general insurance brokers after discussions with NIBA…
Leaked email pitches insurers into election debate
06 September 2005
The plan by New Zealand’s major opposition National Party to once again privatise the Accident Compensation Commission continues to attract plenty of heated debate…
Fate of Zurich investigation undecided
30 August 2005
The Australian Prudential Regulation Authority’s report into Zurich Financial Services’ misleading accounts drama is currently with Attorney-General Philip Ruddock…
Ombudsman to work on its public image
30 August 2005
The Insurance Ombudsman Service is looking at adopting a more “public” image following the completion of an independent review into its own effectiveness…
CGU changes D&O wording
30 August 2005
Less than five months after a high-profile case where CGU won a controversial High Court case over its refusal to advance costs to two directors’ and officers’ claimants…
QBE supports quoting service
30 August 2005
Issues hindering QBE’s involvement in Sunrise Exchange’s Online Quoting system have been resolved…
NZ compo scheme could return to insurers
30 August 2005
Could New Zealand’s state-owned Accident Compensation Corporation (ACC) be given back to the insurance industry…?