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…
Local
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…
Brokers nut-out key issues
12 April 2005
The cost of FSRA compliance and the brokers’ code of practice have been big discussion points at the first two meetings in NIBA’s annual Sundowners…
Stockbroker ruling good news for brokers… maybe
05 April 2005
A Federal Government decision not to impose further regulation on stockbrokers over conflicts of interests may be good news for the insurance industry as it awaits the results…
James Hardie sets back payout timetable
05 April 2005
The signing of James Hardie Industries’ new $1.5 billion compensation settlement for asbestos victims has been delayed as a result of legal complications…
S&P drops AIG ratings
05 April 2005
Standard & Poor’s has lowered the long-term credit and senior debt ratings on US-based AIG to AA+ from AAA, and lowered the credit and financial strength ratings…
Yet another wait for smash repairer resolution
05 April 2005
The Productivity Commission’s inquiry into smash repairers has been submitted to Federal Parliament…
IBANZ set to be launched
05 April 2005
The Insurance Brokers Association of New Zealand is about to emerge as a new force in the NZ financial services industry, with its official launch scheduled for April 14…
NIBA Sundowners kicks off
05 April 2005
The annual NIBA Sundowners program – launched last year to take the association’s message to major centres across Australia – kicked off in Perth last night…
Global reinsurance knowledge beckons with scholarship
05 April 2005
Australian insurance and reinsurance professionals have been invited to apply for a scholarship that will take them to London to attend a highly regarded reinsurance seminar…
Gippsland broker wins industry award
05 April 2005
Kimberley Arbon of Alan Wilson Insurance Brokers in the Victorian town of Traralgon has won the Regional Insurance Brokers Association’s Norm Dyer Award of Excellence…
Adler’s supporters flock to court
30 March 2005
Former HIH Director Rodney Adler has finally begun the sentencing hearing which will determine the punishment he’ll receive for his part in HIH’s $5.3 billion collapse…
Insurers stand by tort reforms
30 March 2005
The Insurance Council of Australia has stressed to the state governments that tort reforms are working and should not be reversed…
Call for united front on inquiry
30 March 2005
Brokers and underwriters must work together now to come up with a common response to the Australian Securities and Investments Commission’s broker inquiry…