OAMPS settles with $2.95 million NAB payout
17 May 2005
OAMPS has paid National Australia Bank $2.95 million to settle a court dispute – and has also agreed to bank with the NAB for the next four years…
Local
James Hardie’s exposure increases
17 May 2005
Industrial group James Hardie Industries now faces an estimated $1.68 billion in asbestos liabilities in future financial accounts…
Chairlift makes news… again
17 May 2005
The Arthur’s Seat chairlift at Victoria’s Mornington Peninsula made national headlines in 2003 when one of its pylons collapsed, injuring 18 people…
NZ to review the whole non-bank sector
17 May 2005
The New Zealand Government has announced a review of how the “non-bank finance sectors” are regulated to ensure there is a consistent framework for regulating products…
ICA assesses APRA paper
17 May 2005
ICA is examining APRA’s discussion paper on prudential supervision of corporate groups involving authorised general insurers…
New broking system for Sunrise Exchange
17 May 2005
Realtime Computing, a new broking software system, has become compliant with the Sunrise® Exchange interface…
Reduced payments for medical indemnity insurers
17 May 2005
The Federal Government will reduce doctors’ contributions to the cost of rescuing the United Medical Protection group, with the aim of levelling the playing field…
Ministerial order for building practitioners insurance
17 May 2005
Victorian Planning Minister Rob Hulls has made an order that clarifies professional indemnity requirements for registered Victorian building practitioners…
Claims follow WA storms
17 May 2005
Insurers have already received several hundred calls after savage storms that battered Perth yesterday, but it’s too early to estimate the insured damages bill…
ICA lobbies government
10 May 2005
It’s taken them a long time to work together so closely, so it was no surprise last week when Insurance Council of Australia (ICA) President Michael Hawker…
ICA board reappointed
10 May 2005
The ICA board of directors was also reappointed at last week’s annual general meeting…
Pleasurecraft market buoyed
10 May 2005
Former Club Marine heavyweights are forming a new underwriter for the private pleasurecraft market…
Adler receives goodies
10 May 2005
Rodney Adler’s sentence over HIH might be over and done with, but the spotlight is still firmly on him…
Expo moves outside Sydney CBD
10 May 2005
The Underwriting Agencies Council and NIBA have chosen a non-CBD venue for this year’s Sydney Expo on May 20…
Awards deadline looms
10 May 2005
Applications close on May 16 for the annual Australia and New Zealand Insurance Industry Awards, which recognise outstanding insurance professionals…
Pearce unveils extensive FSRA changes
03 May 2005
Parliamentary Secretary to the Treasurer Chris Pearce is a man of his word…
Industry welcomes FSRA changes
03 May 2005
The financial services sector appears united in its support of the package of refinements for the FSRA, with all major industry associations signalling their intention to be a part of…
Former HIH MD jailed
03 May 2005
Terry Cassidy, the former MD of HIH’s Australian operations, will be out of jail next February after serving 10 months of a 15-month sentence after pleading guilty…
AICLA brings in a sea change
03 May 2005
For two days this week, claims experts will gather in Sydney for the 2005 Australasian Claims Convention…
Pearce set to fix FSRA
27 April 2005
It was all smiles at NIBA last week following a meeting with Parliamentary Secretary to the Treasurer Chris Pearce…