Lifesavers applaud tort reform
15 February 2005
Surf Life Saving Australia – which was slammed with massive public liability rate increases only 18 months ago – is very happy with the tort reform process…
Local
Storm damage hits $245 million
15 February 2005
Storms which lashed NSW, Victoria, Tasmania and south-east Queensland last week have caused $245 million of insured damage, according to the Insurance Disaster Response Organisation…
Local reinsurers hold the line on prices
15 February 2005
Reinsurers operating in Australia have not been tempted to cut premium rates in the same way as their UK counterparts, according to a leading reinsurer in the local market…
Fire victims pay the price for underinsurance
15 February 2005
Bushfire victims on the Eyre Peninsula will face multi-million dollar rebuilding costs due to widespread underinsurance…
UAC elects new board
15 February 2005
Dexta CEO Bob Lee has been re-elected Chairman of the Underwriting Agencies Council (UAC) following its annual general meeting…
Adler faces criminal court
08 February 2005
Former HIH Director Rodney Adler is due to return to court today to face three charges of manipulating the share market and two of making false or misleading statements…
Big bill for big blow
08 February 2005
Storms that ravaged parts of NSW, Victoria, and Tasmania last week are likely to result in an insurance bill of more than $120 million…
IBANZ gets new CEO
08 February 2005
Management executive Denis Orme has been elected Chief Executive of the insurance brokers’ peak body in New Zealand…
No let-up in tort retorts
08 February 2005
The slanging match continues between insurers and lawyers as the personal injury and compensation tort reform battle rages…
Zurich chief on ICA Board
08 February 2005
Zurich Financial Services Australia CEO Tom Brown has been appointed to the board of ICA to fill a casual vacancy…
Whitlam seeks damages
08 February 2005
Former IAG Chairman Nicholas Whitlam has begun legal action against the insurer seeking payment beyond his retirement benefit…
Builders’ warranty rules – but not OK
01 February 2005
Vero Warranty – Australia’s largest provider of builders’ warranty cover – has eased its eligibility rules…
Tsunami: big death toll, minor insurance bill
01 February 2005
Despite killing at least 286,000 people and devastating many lives and economies, the Boxing Day tsunami didn’t cost insurers much at all…
Liquidation plans halted
01 February 2005
The Medical Research and Compensation Foundation has shelved its liquidation plans, securing the future of compensation for asbestos victims…
The fight against fire
01 February 2005
Bushfire education should be compulsory in schools, volunteer fire-fighters should be compensated for out-of-pocket expenses and insurers should focus on learning, not blame…
Grellman to assist with code
01 February 2005
The Insurance Council of Australia has appointed NSW Motor Accidents Authority Chairman Richard Grellman to assist in the next stage of consolidation of the…
Insurers in tort reform battle
01 February 2005
Lawyers losing business because of tort reform say insurers aren’t passing on the savings to policyholders…
HIH: the story continues
01 February 2005
The HIH saga continues this year with several of the major figures in the case popping up again. Rodney Adler and Brad Cooper will face court again and Ray Williams will be sentenced…
Insurance review now 'touch dry'
01 February 2005
It’s may be as exciting as watching paint dry – and no semi-gloss would take as long – but the second phase of the review into the Insurance Contracts Act 1984 has finally been released…
ICA pushes tax reform
14 December 2004
The Insurance Council of Australia says it’s time the Federal Government stood up and took some notice on tax reform, a long-running issue for the industry and buyers of insurance…