Motoring body uses insurers’ profit as ammunition
30 March 2005
The Victorian Automobile Chamber of Commerce has attempted to use insurers’ recent impressive profits to put the smash repairer issue back into the public spotlight…
Local
FSL makes headlines
30 March 2005
The mainstream media is finally starting to catch up on the fire services levy issue in NSW and Victoria…
Workers’ comp scheme to be reined in
30 March 2005
Federal Workplace Relations Minister Kevin Andrews has indicated the Government is looking to reduce costs of the Commonwealth workers’ compensation scheme, Comcare…
ICA to review Privacy Code
30 March 2005
The Insurance Council of Australia has commissioned an independent review of the General Insurance Information Privacy Code in a bid to ensure it is meeting the needs of consumers…
Car thefts down for 2004
30 March 2005
The number of vehicles stolen in 2004 dropped by about 10% – or 10,000 fewer than in 2003 – but some cars are still proving more attractive to thieves…
David Brawn to retire
15 March 2005
David Brawn, the man whose vision brought Sunrise Exchange to the insurance industry, will retire from Telstra at the end of the month…
Dust report provokes anger
15 March 2005
The NSW Government’s review into the legal and administration costs in dust diseases compensation claims was released last week to general approval…
Freak tornado hits NZ
15 March 2005
A tornado which hit the South Island town of Greymouth on New Zealand’s west coast last week is estimated to have caused as much as $10 million in insured damages…
NZ authority accused of flouting insurance laws
15 March 2005
The New Zealand Government is appealing against a High Court finding that it is liable to thousands of people owning houses that are literally rotting away…
States nervous after Optus ruling
08 March 2005
The Victorian Government may legislate to ensure large companies pick up outstanding liabilities before switching to the Federal Government’s workers’ compensation scheme…
Broker inquiry: expect something soon, says ASIC
08 March 2005
The Australian Securities and Investments Commission says its investigation into broker remuneration won’t be completed by the end of the month as originally thought…
Lax NZ laws provide rogue state with a loophole
08 March 2005
The Japanese Government is seething over a New Zealand-registered company which has supplied insurance allowing North Korean cargo ships to continue to operate in its waters…
Insurers slowing down, say analysts
08 March 2005
The insurance industry has had two years of record profits and favourable conditions, but the good times won’t last forever, according to JP Morgan analyst Shane Fitzgerald…
NSW WorkCover plans fraud refunds
08 March 2005
The NSW WorkCover scheme is planning to offer refunds to employers for the costs of fraudulent workers’ compensation claims made during the past five years…
Nothing wrong with the word profit
01 March 2005
That’s what Federal Minister for Revenue and Assistant Treasurer Mal Brough had to say to the insurance industry last week, which must have come as a relief…
Tort reform is making lawyers more creative
01 March 2005
Despite assertions by the legal fraternity that insurers are cashing in on tort reform, the introduction of tort reform hasn’t been all smooth sailing for the industry…
Combining industry strengths the way to move forward
01 March 2005
The public doesn’t distinguish brokers from underwriters, so the industry needs to work together to build its strengths, says new NIBA President Steve Ball…
No-fault not the way to go, says Swiss Re
01 March 2005
The NSW Government should steer away from introducing a no-fault system to compensate personal injury victims, says Swiss Re New York Senior Economist Thomas Holzheu…
Smash repairers angered by IAG’s option fee
01 March 2005
Insurance Australia Group is back in the smash repairers’ firing line…
Whitlam wins against IAG
01 March 2005
Former IAG Chairman Nicholas Whitlam has won damages from the insurance group after the NSW Supreme Court found it had acted unconscionably in delaying…