Victoria passes new levy on business
23 August 2005
The Victorian Government has passed the Emergency Services Bill, which will slug self-insured businesses millions more in taxes each year…
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Brough uses tax issue to take a swing at Labor
23 August 2005
The Federal Government has also come to the party on the issue of state insurance taxes, saying state taxes are “impeding efforts for insurance savings”…
Not guilty plea on HIH charges
23 August 2005
Disgraced entrepreneur Brad Cooper pleaded not guilty yesterday to 13 criminal charges relating to the fall of HIH Insurance…
Get it together, repairers and insurers told
23 August 2005
The Productivity Commission inquiry into the troubled relationship between smash repairers and the insurance industry has found the ongoing rift between the industries…
Good times aren’t forever, says reinsurer
23 August 2005
The local insurance industry’s “halcyon period” since 2003 may be coming to an end, according to Aon Re Asia Pacific CEO Malcolm Steingold…
Uninformed on underinsurance
23 August 2005
You’d expect the Australian Financial Review – one of Australia’s most influential financial publications – to understand the causes and impacts of underinsurance…
Brough wants to see more rate reductions
16 August 2005
Despite the release of two separate reports showing premium drops in public liability and professional indemnity, the Federal Government still wants to see further rate reductions…
Flood data shortage denied
16 August 2005
Insurers already have sufficient information available to accurately measure flood risk in Australia, says natural hazards expert Russell Blong…
The insurers get their heads up
16 August 2005
The past five years have been busy ones for the insurance companies – HIH, rates and regulatory reform are just a few of the issues they’ve had to deal with…
ACCC approves IAG’s smash repairer scheme
16 August 2005
Despite ongoing criticisms of insurers’ use of preferred smash repairer schemes by the motor industry, the ACCC has given a thumbs-up to most aspects of the scheme being run…
State taxes blamed for underinsurance
16 August 2005
State governments are to blame for much of Australia’s underinsurance problem, according to ICA Executive Director Alan Mason…
Insurance pumps up economy
16 August 2005
State and territory governments collected $3.2 billion in taxes from insurance policyholders in 2003/04 – an increase of 51% over the past five years…
APRA awards scholarships
16 August 2005
APRA has awarded four student scholarships under the Brian Gray Scholarship Program to students studying a topic of relevance to prudential regulation…
BrokerCentral achieves compliance
16 August 2005
Technology provider InsuranceConnect has announced their broking system, BrokerCentral, has achieved compliance with the Sunrise® Exchange Expert interface…
Expect plenty of M&A activity, says expert
09 August 2005
One of the challenges for Australian insurers in a softening market is to find growth opportunities, but Ian Thompson, Standard & Poor’s MD…
APRA has a say on DOFIs
09 August 2005
The Australian Prudential Regulation Authority has sent an internal report to the Federal Treasury about the controversial use of direct offshore foreign insurers…
ASIC counsel says industry should watch its step
09 August 2005
Peter Clark, the Senior Counsel assisting ASIC in implementing the recommendations of the HIH Royal Commission, says the insurance industry should take on board…
NZ intermediary reforms urged
09 August 2005
A taskforce set up to investigate the role of New Zealand’s financial services intermediaries has nailed brokers’ hopes for a no-change decision…
Actuary calls for audit system that works
09 August 2005
More regulation of actuary audits in the Australian insurance marketplace is needed, according to a leading industry actuary…
Triple-taxing states worry Brough
02 August 2005
Federal Assistant Treasurer Mal Brough says the triple taxation of insurance policies in Australia is “appalling”…