PWC sets price for WA workers’ comp
07 June 2005
PricewaterhouseCoopers has recommended upping the gazette rate for workers’ compensation insurance in Western Australia in a move to shrink the state’s increasing claims costs deficit…
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ICA argues reform has worked
07 June 2005
ICA has told a NSW Legislative Council inquiry into personal injury laws introduced by the NSW Government that they have delivered affordable, accessible insurance…
Flood: 300,000 homes vulnerable
24 May 2005
As many as 300,000 Australian households are vulnerable to a maximum flood event, says Insurance Council of Australia Executive Director Alan Mason…
S&P urges industry to maintain pricing discipline
24 May 2005
Rating agency Standard & Poor’s has confirmed what analysts have been saying for months – the increasingly competitive local market is pushing premiums down…
Storms lash WA and Queensland
24 May 2005
The insured damages bill for the vicious storms that hit Perth and the southern centre of Bunbury last week has reached $26.7 million…
FSR consultation on its way
24 May 2005
Consultation between the industry, the Australian Securities and Investments Commission and the Federal Government on proposed “refinements” to the Financial Services Reform Act…
Recreational providers get public liability relief
24 May 2005
In a move welcomed by the insurance industry, the South Australian Government has amended legislation to allow recreational services providers to limit their public liability…
NSW no-fault scheme to be reversed
17 May 2005
The NSW Government says it will expand its compulsory third-party insurance to cover accidents where no one is at fault after a NSW court dismissed criminal charges…
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…
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…