Repairer scheme investigated
01 November 2005
IAG subsidiary NRMA Insurance’s preferred repairer scheme is under further scrutiny, with the NSW Parliament’s Staysafe committee setting up an inquiry to examine safety implications…
Local
Local assets to pay for local claims
01 November 2005
The High Court will have to decide on the payment priority of creditors in the New Cap Re case, which begins on December 7…
Government won’t let James Hardie off the hook
01 November 2005
The Federal Government is working to ensure Australian court judgements are enforceable in the Netherlands in case Amsterdam-based James Hardie Industries tries to avoid…
ASIC’s eagle eye continues, but the industry’s clean
25 October 2005
Australia’s insurance industry does not have any of the inherent disclosure and commission problems apparent in the US…
Tort reform is working, says ICA
25 October 2005
The legal establishment might still be resisting the fact, but tort reform is working and the flow-on effects of the legislation have already substantially benefitted the community…
Insurer warns of gaps in IR reforms
25 October 2005
If the Federal Government’s industrial relations laws are passed, workers’ entitlements will be jeopardised when companies collapse…
NSW council not liable after all
25 October 2005
A recent High Court decision supports the emphasis NSW courts and the legislature have placed on personal responsibility in public liability claims…
NZ businesses responding to flood
25 October 2005
New Zealand insurers will be watching with interest this week as businesses in the North Island region of Tauranga meet to assess their response to the devastating May 18 floods…
James Hardie immoral, says campaigner
25 October 2005
Bernie Banton, an asbestosis sufferer and prominent campaigner for fellow victims, has criticised James Hardie Australia for being tardy in finalising asbestos compensation…
Gold Coast hailstorm damage could reach $50 million
25 October 2005
Insured damage from the hailstorm that hit Queensland’s Gold Coast last week could reach $50 million…
FSR draft refinements are here
11 October 2005
Industry experts are studying new draft regulations giving effect to the FSR refinement proposals released by the Federal Treasury this morning…
NIBA Education rebrands
11 October 2005
NIBA Education has been rebranded to become the NIBA College of Insurance & Risk Professionals…
Compliance costs concern NZ businesses
11 October 2005
New Zealand insurers and brokers – who at present enjoy a minimalist approach to regulation, will be regarding the latest KPMG-Business NZ Compliance Cost Survey with some concern…
FICS bids to get user-friendly
11 October 2005
The Financial Industry Complaints Services plans to make its complaints process more transparent and user-friendly…
Elite risk management program launched
11 October 2005
The peak body for risk management professionals, the Risk Management Institution of Australasia, is set to launch a professional development program…
Workers’ comp premiums to be cut
11 October 2005
The NSW Government has pledged to cut workers’ compensation premiums if WorkCover’s financial position improves…
Territory Insurance Office’s future unclear
11 October 2005
The Northern Territory Government is reviewing the viability of the Government-owned Territory Insurance Office as it makes way for new infrastructure projects…
QBE online system up and running
11 October 2005
QBE’s home and motor products went live this week with Sunrise Exchange Online Quoting service…
ING set to float Austbrokers
04 October 2005
Broking network Austbrokers has revealed details of its float and lodged a prospectus with the Australian Securities and Investments Commission…
Katrina predicted to spark local rates rise
04 October 2005
Local insurers held their breath when Hurricane Katrina ripped through the Gulf of Mexico almost a month ago – and it appears their concerns were warranted…