FSRA education costed at $200 million
27 September 2005
The financial services industry has had to pay more than $200 million on education and training in the three years leading up to the implementation of the FSRA…
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Builders, Vero still at odds
27 September 2005
Sparks continue to fly between the insurance and building industries, with Vero backing away from its claim last week that the Tasmanian review of home warranty insurance…
Judge predicts tort reforms pullback
20 September 2005
NSW Chief Justice Jim Spigelman has made his strongest attack yet on public liability law reforms saying they’ve “gone too far” and suggesting they will be wound back…
…While loopholes are finally closing
20 September 2005
Amendments to the Trade Practices Act which are now are on their way to the Senate represent a win for the insurance industry…
Vero calls in the lawyers as warranty debate turns nasty
20 September 2005
The ongoing feud between Vero and the Builders’ Collective of Australia over home warranty insurance has reached boiling point, with Vero bringing in the lawyers to deal with…
Allan Morris takes IBANZ presidency
20 September 2005
Veteran Kiwi broker Allan Morris has been elected as the first President of the Insurance Brokers Association of New Zealand…
NZI wins broker accolade
20 September 2005
NZI has been named “Underwriter of the Year” after a vote by the 1700 IBANZ brokers…
Bright outlook for NZ insurers
20 September 2005
Profitability for New Zealand’s general insurance industry is expected to remain sound for the rest of this year and all next year, according to Standard & Poor’s credit analyst…
Record low for vehicle thefts
20 September 2005
Vehicle theft rates are now the lowest on record…
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…
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…