NZ storms stretch insurers, adjusters
09 March 2004
A record number of claims is testing New Zealand insurers after three major storms in the past month…
Local
Industry data collection a step closer
09 March 2004
The industry data collection system proposed by the Insurance Council of Australia last year is a step closer to implementation, says ICA Executive Director Alan Mason…
ICA pushes HIH recommendations
09 March 2004
Mr Mason also told the conference the industry hasn’t forgotten about the recommendations of the HIH Royal Commission…
Monty goes easy on insurers
09 March 2004
Cyclone Monty, which hit mining towns in the north-west of Western Australia last week, hasn’t caused insurers any particular problems…
Industry praises tort reform
09 March 2004
While the positive effects of tort reform on public liability insurance are beginning to appear, the Insurance Council disputes media reports that it has boosted insurers’ profits…
Coonan tells of medical indemnity fears
09 March 2004
Assistant Treasurer Senator Helen Coonan believes Australia’s health care system would not function properly without effective indemnity cover to protect doctors and consumers…
Adler loses bid to stop trial
09 March 2004
Rodney Adler has lost his bid for a permanent stay of criminal proceedings for allegedly manipulating the stock market…
Kiwi, Taiwanese win Corrigan award
09 March 2004
A New Zealand project manager has won the local component of the inaugural Peter Corrigan International Exchange Award…
Premium rises slowing, says Coonan
02 March 2004
The tort reforms of the past couple of years are starting to affect premiums, according to state and federal ministers attending Friday’s seventh ministerial meeting on insurance issues…
Marsh set to buy local Heath Lambert arm
02 March 2004
International broker Marsh is negotiating to buy the Australian operation of British broker Heath Lambert…
IAG executive to succeed Wagstaffe at CGU
02 March 2004
Mario Pirone, IAG Group Executive Asset Management, will head up the group’s CGU intermediary business when Bob Wagstaffe retires from the company in August…
No need to open the books, says ICA
02 March 2004
Three South Australian MPs are campaigning to force insurers to open their books on public liability premiums…
Underinsurance remains an issue
02 March 2004
Another scathing article on insurers’ response to the 2003 Canberra bushfires has pushed the industry to strengthen its focus on underinsurance…
ACCC backs medical indemnity prices
02 March 2004
An Australian Competition and Consumer Commission report into medical indemnity insurance – prompted by Prime Minister John Howard’s 2003 commitment…
Insurers pass ACCC test No 2
24 February 2004
Premium rises are stabilising and even liability rate rises are slowing, says the Australian Competition and Consumer Commission…
NZ storms hit hard
24 February 2004
The estimated insured damage bill for the fierce storms that lashed NZ’s lower North Island last week is likely to exceed the $100 million mark…
NZ storm claims swamp insurers
24 February 2004
New Zealand insurers and claims specialists are being run off their feet dealing with claims from last week’s storms…
Code of Practice goes missing
24 February 2004
Where is the Australian insurance industry’s new code of practice..?
AssetInsure gets thumbs up as new market underwriter
24 February 2004
APRA has granted Australian-owned AssetInsure – which bought the business of Gerling Global Reinsurance – a general insurance licence…
Confidence up in new industry survey
24 February 2004
Business and consumer confidence in the performance and financial stability of insurers has improved significantly over the past 12 months…