ICA to close Brisbane, Adelaide offices
21 September 2004
The Insurance Council of Australia will close its Queensland and South Australian offices at the end of this year, leaving branches in Sydney, Melbourne and Perth…
Local
Local insurers’ risk measurement falls short
21 September 2004
Australian insurers’ risk measurement frameworks lack sophistication, according to accountants Ernst & Young…
Adjusters want training standards in code
21 September 2004
Loss adjusters are lobbying the industry for an assurance that people performing claims functions are adequately trained…
More M&A activity mooted
14 September 2004
Increased merger and acquisition activity is expected as Australia’s 109 general insurers compete for about 20% of the market, according to a KPMG insurance survey…
Banks eye insurance sector
14 September 2004
Australia’s banks are starting to look closely at the $23 billion insurance sector as a way of maintaining profits as lending slows down…
NZ considers compulsory insurance
14 September 2004
New Zealand Finance Minister Michael Cullen has suggested making property insurance compulsory following revelations of high levels of underinsurance in areas affected…
Premiums will remain high, says survey
14 September 2004
It’s softer, but not that much softer…
Education body to rebuild trust after FSRA
14 September 2004
The financial services sector’s peak education body, the Financial Services Education Agency Australia, says it is focusing its efforts on rebuilding consumer trust…
James Hardie pressure increases
14 September 2004
A demand by the US accountants of James Hardie Industries for an independent inquiry into allegations of illegal misconduct has resulted in the cancellation…
ICA rejects Labor tort reform attack
07 September 2004
Opposition financial services spokesman Stephen Conroy has criticised the insurance industry for not passing back the benefits of tort reform after achieving the best profits…
NSW fire levy report provokes anger
07 September 2004
There was more than a little fury and frustration being voiced in Sydney last week when a NSW Government committee went against industry expectations…
Builders’ warranty issue heats up
07 September 2004
Insurers offering builders’ warranty insurance in NSW face new rules that could affect their dealings with policyholders…
Hail the good news
07 September 2004
Sunday’s Sydney hailstorm was a damp squib compared with the rampaging monster of 1999 which led to claims exceeding $1 billion…
Code of practice deadline looms
07 September 2004
ICA has received 28 submissions on its draft code of practice, with the deadline for those interested in submitting suggestions falling tomorrow…
HIH liquidator seeks Turnbull’s help
07 September 2004
Troubled political candidate Malcolm Turnbull, former co-Chairman of merchant bank Goldman Sachs and adviser to former FAI MD Rodney Adler, Malcolm Turnbull, has been asked to assist…
Smash repairers bingle with insurers
07 September 2004
The Productivity Commission will go ahead with an inquiry into the relationship between the smash repair industry and motor insurance companies…
Adler argues double jeopardy
31 August 2004
Disgraced former HIH Insurance director Rodney Adler is appealing against a NSW Supreme Court’s refusal of a permanent stay on criminal proceedings…
Investors looking to insurance
31 August 2004
Insurers’ half-year financial reports have prompted many investors to turn from banking shares to insurance stock, according to analysts…
There’s more to insurance than public liability
31 August 2004
The Insurance Council of Australia has lashed back at a consumer organisation’s claim that insurers’ record profits are a result of recent Federal Government tort reforms…
NSW fire report long overdue
31 August 2004
Three months over schedule, the NSW Parliamentary Public Accounts Committee’s report into the fire services levy will be presented at the end of this week…