Stockbroker ruling good news for brokers… maybe
05 April 2005
A Federal Government decision not to impose further regulation on stockbrokers over conflicts of interests may be good news for the insurance industry as it awaits the results…
Local
James Hardie sets back payout timetable
05 April 2005
The signing of James Hardie Industries’ new $1.5 billion compensation settlement for asbestos victims has been delayed as a result of legal complications…
S&P drops AIG ratings
05 April 2005
Standard & Poor’s has lowered the long-term credit and senior debt ratings on US-based AIG to AA+ from AAA, and lowered the credit and financial strength ratings…
Yet another wait for smash repairer resolution
05 April 2005
The Productivity Commission’s inquiry into smash repairers has been submitted to Federal Parliament…
IBANZ set to be launched
05 April 2005
The Insurance Brokers Association of New Zealand is about to emerge as a new force in the NZ financial services industry, with its official launch scheduled for April 14…
NIBA Sundowners kicks off
05 April 2005
The annual NIBA Sundowners program – launched last year to take the association’s message to major centres across Australia – kicked off in Perth last night…
Global reinsurance knowledge beckons with scholarship
05 April 2005
Australian insurance and reinsurance professionals have been invited to apply for a scholarship that will take them to London to attend a highly regarded reinsurance seminar…
Gippsland broker wins industry award
05 April 2005
Kimberley Arbon of Alan Wilson Insurance Brokers in the Victorian town of Traralgon has won the Regional Insurance Brokers Association’s Norm Dyer Award of Excellence…
Adler’s supporters flock to court
30 March 2005
Former HIH Director Rodney Adler has finally begun the sentencing hearing which will determine the punishment he’ll receive for his part in HIH’s $5.3 billion collapse…
Insurers stand by tort reforms
30 March 2005
The Insurance Council of Australia has stressed to the state governments that tort reforms are working and should not be reversed…
Call for united front on inquiry
30 March 2005
Brokers and underwriters must work together now to come up with a common response to the Australian Securities and Investments Commission’s broker inquiry…
Motoring body uses insurers’ profit as ammunition
30 March 2005
The Victorian Automobile Chamber of Commerce has attempted to use insurers’ recent impressive profits to put the smash repairer issue back into the public spotlight…
FSL makes headlines
30 March 2005
The mainstream media is finally starting to catch up on the fire services levy issue in NSW and Victoria…
Workers’ comp scheme to be reined in
30 March 2005
Federal Workplace Relations Minister Kevin Andrews has indicated the Government is looking to reduce costs of the Commonwealth workers’ compensation scheme, Comcare…
ICA to review Privacy Code
30 March 2005
The Insurance Council of Australia has commissioned an independent review of the General Insurance Information Privacy Code in a bid to ensure it is meeting the needs of consumers…
Car thefts down for 2004
30 March 2005
The number of vehicles stolen in 2004 dropped by about 10% – or 10,000 fewer than in 2003 – but some cars are still proving more attractive to thieves…
David Brawn to retire
15 March 2005
David Brawn, the man whose vision brought Sunrise Exchange to the insurance industry, will retire from Telstra at the end of the month…
Dust report provokes anger
15 March 2005
The NSW Government’s review into the legal and administration costs in dust diseases compensation claims was released last week to general approval…
Freak tornado hits NZ
15 March 2005
A tornado which hit the South Island town of Greymouth on New Zealand’s west coast last week is estimated to have caused as much as $10 million in insured damages…
NZ authority accused of flouting insurance laws
15 March 2005
The New Zealand Government is appealing against a High Court finding that it is liable to thousands of people owning houses that are literally rotting away…