South Sea shipwreck: Dominion takes to lifeboats
09 November 2004
Cairns-based underwriting agency Dominion Underwriting has ceased placing insurance with Philippines-based unauthorised foreign insurer South Sea Surety…
Local
Class cancelled for HIH ex-chief
09 November 2004
Former HIH Insurance Chief Executive Ray Williams had a rare court victory last week when a Federal Court class action against him was struck out due to a lack of precision…
Businesses win $32 million compensation
09 November 2004
After six years the Victorian Supreme Court approved a $32 million compensation package yesterday for 500 businesses affected by an explosion at the Longford gas plant in 1998…
National workers’ comp showdown looms
09 November 2004
Canberra’s approval for Optus to shift its workers’ compensation to a national scheme will be examined in a Federal Court case on November 25…
Car parts code starts up
09 November 2004
Work is under way to set up a body to administer a new code of practice for auto part recyclers…
States back Hardie enforcement
09 November 2004
The other states have backed a NSW move to legislate to force James Hardie Industries to compensate asbestos victims…
Weather in 3-D
09 November 2004
A new book from the Bureau of Meteorology – Drought, Dust and Deluge – could be a good Christmas stocking-filler for insurance executives…
No sixes for cricketers
09 November 2004
Liability concerns are preventing cricketers at a sports ground at the leafy Melbourne eastern suburb of Glen Iris from whacking a six to the boundary…
Actuary of the year, actually
09 November 2004
IAG Chief Risk Officer and Group Actuary Tony Coleman has been named Actuary of the Year 2004 for his achievements in risk management…
ASIC to review Marsh procedures
02 November 2004
The Australian Securities and Investments Commission says it will review particular remuneration structures provided by Marsh…
Dominion puts UFI business on hold
02 November 2004
Queensland-based underwriting agency Dominion Underwriting has suspended operations while it reviews its overseas security…
Going for brokers
02 November 2004
Brokers are still by far the biggest distributors of commercial insurance, and it’s going to stay that way, according to the JP Morgan and Deloitte 2004 General Insurance Industry Survey…
ICA’s snappy retort on reform claim
02 November 2004
Plaintiffs’ lawyers are continuing their push to unwind tort reforms, which presumably means the reforms are working and the lawyers’ bank accounts aren’t…
Optus compo move hits snag
02 November 2004
The Victorian Government has taken legal action to try to stop Optus from joining the national Comcare workers’ compensation scheme…
Adler set for High Court
02 November 2004
Former FAI chief and HIH director Rodney Adler plans to appeal to the High Court following the failure of his application to the NSW Court of Criminal Appeal…
The good times roll – for a while
02 November 2004
Insurance profits are tipped to suffer in the next few years because the good times can’t last…
Victorian WorkCover in front at last
02 November 2004
The Victorian WorkCover Authority has announced a $1.2 billion annual profit for 2003/04, making it the first time in two decades the workplace injury insurance scheme…
No parallels with US, says NIBA
26 October 2004
The “contingent commissions” controversy boiling around US brokers doesn’t have application here, says NIBA…
Cooper facing bribery charges
26 October 2004
Entrepreneur Brad Cooper will stand trial on 13 charges arising from his dealings with collapsed insurance giant HIH…
Heat turned up on James Hardie
26 October 2004
The NSW Parliament has passed legislation making it easier for ASIC to investigate James Hardie…