Canberra storm damage reached $15 million
13 December 2005
Claims estimates for storm damage in Canberra on December 2 have reached $15 million, and might climb even higher as claims continue to come through…
Local
FPA chief moves to Insurance Council
06 December 2005
Financial Planning Association CEO Kerrie Kelly will be the new Executive Director of the Insurance Council of Australia…
NSW CTP profits slammed
06 December 2005
Law reforms brought in by the NSW Government in 1999 are allowing further cuts to be made to compulsory party insurance in the state, but a plaintiff law lobby group remains…
NRMA Insurance sues motor trades group
06 December 2005
NRMA Insurance has filed a lawsuit against the Motor Traders Association of NSW and the Country North Vehicle Repairers Association over what the insurer says…
ICA votes on 2006 board
06 December 2005
IAG CEO Michael Hawker has been re-elected as President of the Insurance Council of Australia…
ASIC steps up James Hardie probe
06 December 2005
While James Hardie Industries has signed a $1.6 billion compensation deal for people affected by their asbestos products, ASIC’s investigation into James Hardie’s asbestos funding…
Financial claims compo scheme in the works
29 November 2005
The Council of Financial Regulators – a non statutory body which has high-profile members belonging to Treasury, both regulatory bodies and the Reserve Bank…
NZ regulation might boost reputation, says ICNZ President
29 November 2005
The New Zealand insurance industry has a lot of work to do to enhance its reputation, and regulation should help consumers have more faith in the industry…
DOFIs paper to be released by end of year, says Treasury
29 November 2005
The long-awaited paper outlining how the Federal Government plans to deal with direct offshore foreign insurers will be released by the end of the year…
NRMA: females have bingles, males have write-offs
29 November 2005
A new study by NRMA Insurance shows women are more likely to have car accidents, but men’s accidents are more likely to result in write-offs or serious injury…
States reduce car thefts, but territories’ thefts up
29 November 2005
Car thefts across the nation dropped for the September quarter, with the NT and ACT the only exceptions, according to the National Motor Vehicle Theft Reduction Council…
UAC line-up the same, but some changes ahead
29 November 2005
The Underwriting Agencies Council has re-elected its entire board at its AGM in Sydney on Friday and has also made some “interesting” changes relating to its membership criteria…
Risky business manager wins award
29 November 2005
SA Royal District Nursing Service Director Anne Maddock has been named Risk Manager of the Year by the Risk Management Institution of Australasia…
Asbestos: Costello rules out tax break
29 November 2005
Despite the Australian Council of Trade Unions pushing the Federal Government to offer a tax break on compensation payments for asbestos victims…
Bird flu threat worries insurers
22 November 2005
Insurers are watching the slow march of bird flu with a “mixture of apprehension and hope”, says ratings agency Standard & Poor’s…
UK claims hold up HIH payments
22 November 2005
Movement at last for HIH creditors, with the NSW Supreme Court approving a scheme of arrangement on Friday that will allow the money to start flowing…
Regional brokers group goes to town
22 November 2005
Victorian broker cluster the Regional Insurance Brokers Association is moving away from its concentration on rural and outer suburban brokers by expanding its membership…
New Zealand car register too open
22 November 2005
A briefing paper issued to New Zealand’s new Transport Minister David Parker has indicated that the national motor vehicle register is too open, and should be restricted…
Truck insurer disputes rates assessment
22 November 2005
National Transport Insurance has warned there will be no justification for reductions in heavy commercial motor premium rates next year, despite predictions…
Victoria to see claims rocket
22 November 2005
Victoria is about to experience an increase in liability claims, according to Allianz National Manager Liability Claims Lori Callahan…