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…
Local
NRMA in discussion with StaySafe report author
14 February 2006
IAG subsidiary NRMA Insurance is holding discussions with the author of the damning NSW parliamentary StaySafe Committee report into its smash repairer system…
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…
Financial advisers a disproportionate risk: Dexta
14 February 2006
While most industry watchers acknowledge financial planners have improved their professionalism in recent years, not everyone is jumping to pat them on the back…
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…
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…