Insurers unworried by storms
14 December 2004
Damage caused by storms which hit the South Australian town of Murray Bridge at the weekend is likely to cost insurers about $3 million…
Local
Media reports hit out at brokers
07 December 2004
Most media outlets reporting last week’s Australian Securities and Investments Commission investigation into broker remuneration and commissions took the opportunity…
Bushfires a waiting game
07 December 2004
Bushfires are likely to strike in the first three months of next year rather than over the Christmas season, according to the Insurance Disaster Response Organisation…
Asbestos payments safe – for now
07 December 2004
During last week’s court hearing to apply for liquidation, the Medical Research and Compensation Foundation…
At last, IEC becomes the ombudsman
07 December 2004
After years of calls from consumer interests to make its services more accessible by adopting a more recognisable name, Insurance Enquiries and Complaints Ltd…
Steve Ball new NIBA President
07 December 2004
Jardine Lloyd Thompson director and NSW CEO Stephen Ball has been elected President of NIBA for a two-year term…
Stronger building code urged
07 December 2004
ICA has welcomed last week’s report on the effectiveness of the Building Code of Australia…
Allianz accepts gas plant liability
07 December 2004
Allianz Global Risks will cover the costs resulting from the fire at the Moomba gas plant in outback South Australia on New Year’s Day this year…
Drug-driving high among young males
07 December 2004
One in four men under the age of 25 has admitted to taking illicit drugs and driving, according to a survey by specialist insurer AAMI…
NZ upheaval amid regulation revamp
07 December 2004
The New Zealand Law Commission’s inquiry into the country’s archaic Life Insurance Act has ended with a call for the Act to be scrapped…
FSL campaign put on back-burner
16 November 2004
The fire services levy campaign in NSW and Victoria won’t be at the top of the industry’s agenda for 2005 because it’s just too hard to get politicians to take note…
Knott’s code views accepted
16 November 2004
ICA has accepted all recommendations from former Australian Securities and Investments Commission Chairman David Knott regarding its revised general insurance…
Terrorism unit writes $55 million
16 November 2004
A specialist reinsurance company set up to provide reinsurance cover for terrorism losses has recorded $55 million in premiums in its first year – without any claims…
Hawker elected ICA President
16 November 2004
ICA Deputy President Michael Hawker has been elected President for 2005…
Storms lash southeast Queensland
16 November 2004
Southeast Queensland took a battering last week when storms and hail hit, leaving more than 2000 homes without power and a hefty damage bill…
Weather’s not the only issue
16 November 2004
Insurers have a plethora of new and increased risks to manage, and it’s going to take a lot of industry discipline to get on top of them, according to IAG CEO Michael Hawker…
Pursuit of youth recruits
16 November 2004
An insurance veteran has called for the insurance industry to make itself more attractive to young people and even to recruit young staff from South-east Asia
Special needs call
16 November 2004
The insurance industry is neglecting its duty to ensure that consumers understand what they are buying, says Sandra Handley…
Premiums report misleading, says ICA
09 November 2004
ACT Chief Minister Jon Stanhope has a law degree and has spent most of his career as a political apparatchik…
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…