Funders set to merge
12 July 2005
The premium funding market is hotting up with the announcement this morning of a merger decision by finance companies Centrepoint and Alliance…
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Grow understanding, says IAG’s Brown
12 July 2005
IAG Deputy CEO Ian Brown says while the industry has a responsibility to keep costs low for consumers, it’s also important for consumers to understand the market better…
CGU launches housing indemnity cover in Tasmania
12 July 2005
CGU Insurance has moved into Tasmania’s housing indemnity insurance market, giving builders more options in the state. State Manager Jo Mason says all builders who had access to…
ASIC’s report stirs NIBA retort
05 July 2005
Differences of opinion flew on Friday as the Australian Securities and Investments Commission released a relatively benign report into broker/insurer remuneration…
Report worries risk managers
05 July 2005
Risk Management Institution of Australasia President Brad Greer says the ASIC report into broker remuneration has uncovered some practices that need to be more closely scrutinised…
New finance industry council formed
05 July 2005
An Australian financial services council has been formed in a bid to address pressing international and domestic issues affecting providers of financial services…
Storms trigger $6 million damages bill
05 July 2005
Storms that ravaged the north coast of NSW and southern areas of the Gold Coast last week could land the insurance industry with a bill of up to $6 million…
Auto industry takes on IAG
05 July 2005
The automotive industry and the insurance industry have always had a strained relationship, so it’s no big surprise that the auto industry has decided to challenge the insurance industry…
HIH creditors face payout delay
05 July 2005
Creditors of HIH may have to wait a year longer for their payouts following delays in implementing a scheme that would allow liquidator Tony McGrath…
Industry needs to restore consumer confidence, says Deloitte
28 June 2005
Restoring confidence in the insurance industry in the wake of the Spitzer enquiries will be the No 1 global issue for insurers this year, according to Deloitte’s annual examination…
Long-term care pulling hairs?
28 June 2005
The NSW Government – which is recognised as the one that got the personal injury tort reform ball rolling – has released a discussion paper on Premier Bob Carr’s proposal…
Lawyers keep beating tort reform drum
28 June 2005
Just as the NSW Government has developed a scheme to assist the catastrophically injured, a parliamentary committee has held its fourth public hearing into issues…
Allianz supports vehicle recycling
28 June 2005
Worried about someone sidling up to you at an auction for written-off vehicles and quietly suggesting the Commodore coming up for bid next might cost you your kneecaps…
Adler faces new jail charges
28 June 2005
Evidence last week that former HIH director Rodney Adler was conducting business from his Sydney prison cell has already seen him moved to another higher-security prison…
Inmate acts as Williams’ bodyguard
28 June 2005
Meanwhile, former HIH CEO Ray Williams has been cautioned by warders at NSW’s Cessnock jail for trying to use another prisoner as his personal bodyguard…
James Hardie fund sees more negotiations
28 June 2005
Finalisation of the James Hardie asbestos compensation fund has been set back yet again, despite the NSW Government taking the first legislative step…
Adler disguises business as ‘homework’
21 June 2005
Former HIH Insurance director Rodney Adler is being punished by prison authorities for allegedly trying to run businesses from his cell after only eight weeks…
Good times over for the truck insurance market
21 June 2005
Truck insurer National Transport Insurance says there will be an increase in heavy motor claims for the second half of this year, with the favourable claims environment now over…
NZ market weathering trying conditions
21 June 2005
Reports that bad weather conditions and rising building costs are going to impact the profits of NZ insurers are spot on, according to the Insurance Council of New Zealand…
Dogs won’t lower premiums
21 June 2005
Victorian Police Minister Tim Holding’s comments that people with dogs should get lower insurance premiums misses the point about how premiums should be lowered…