Tax relief all round, but not for insurance
27 April 2005
Federal Treasury wants to abolish a range of state and territory taxes worth $4.4 billion – but there’s no sign it will propose such a move for taxes on insurance…
Local
WorkCover exit fee added
27 April 2005
Victoria has been looking for a way to deter locally based national companies from leaving the state workers’ compensation scheme, and it may have found it…
Williams and Adler settle in
27 April 2005
Former HIH director Rodney Adler and MD Ray Williams have been transferred from high security Silverwater prison in Sydney to the jails where they will serve…
Regulation, flood key NZ issues
27 April 2005
Government regulation, underinsurance, flood, taxes, fraud and improving the industry’s image are the top priorities for the Insurance Council of New Zealand…
Melbourne stockbroker starts up insurance business
27 April 2005
Melbourne-based stockbroker Austock has started up an insurance broking arm to sell professional indemnity insurance to fellow stockbrokers…
Carpenter joins JLT’s top table
27 April 2005
Jardine Lloyd Thompson Australia MD Brian Carpenter has been appointed to the international group’s executive committee, which manages the group’s day-to-day operations…
Responses to Ombudsman paper sought
27 April 2005
This weekend is the deadline for responses to an independent review of the Insurance Ombudsman Service…
Ray Williams to appeal ‘excessive’ sentence
19 April 2005
Lawyers for HIH Insurance founder and CEO Ray Williams say he will appeal the four and a half year jail sentence handed down for his role in the company’s 2001 collapse…
More face court over HIH
19 April 2005
Two players on the HIH Royal Commission’s list of 18 men have been jailed, but there are still a number of executives who are yet to face court…
Top three quit Club Marine
19 April 2005
The private pleasurecraft insurance market is in for a shake-up up with the sudden departure from Allianz Australia subsidiary – and market leader – Club Marine of CEO Paul Wilson…
Former politician: insurance doesn’t need regulation
19 April 2005
Former NZ Attorney-General and Justice Minister Jim McLay doesn’t believe the country’s insurance industry needs regulating…
No-fault compo package on its way, says NSW
19 April 2005
The NSW Government’s proposed no-fault compensation scheme for catastrophically injured people is on its way, but the details about who it will apply to and how it will be funded…
Pearce prepares paper on FSRA changes
19 April 2005
A series of roundtable discussions are planned for a review of the Financial Services Reform Act…
NZ insurers want more police
19 April 2005
The Insurance Council of New Zealand says the country doesn’t have enough police…
Watch out for UFOs – or insure against abduction
19 April 2005
The Australian Consumers’ Association has published a list of “junk insurance”, which details a range of bizarre insurance policies on the market…
Another El Niño on the cards
19 April 2005
Climate researchers say weather patterns across the Pacific indicate an increased likelihood of an El Niño event occurring later this year…
Insurance industry improvements applauded
12 April 2005
Some state and territory ministers might not have wanted to hear it, but the message delivered by Federal Assistant Treasurer Mal Brough to a meeting with them…
To pay or not to pay… it’s all in the wording
12 April 2005
Two court decisions considering whether insurers should pay the court costs of executives facing criminal charges if they have acted dishonestly drew public attention last week…
Adler and Williams to discover their fate
12 April 2005
More than four years after the collapse of HIH, two of the major players in the drama, Rodney Adler and Ray Williams, will finally face court this week to hear what their punishments…
Report warns on natural hazards
12 April 2005
Tropical cyclones and floods have caused more than 70% of known natural hazard deaths since European colonisation of Australia began in 1788, according to a new report…