Market wrap: the jury’s out on premium rises
25 May 2004
Brokers are already hard at work on the next round of policy renewals, and many say they are positive policyholders will benefit from some relief…
Local
Risk managers join WA stamp duty protest
25 May 2004
The WA Government’s proposal to change the way it levies stamp duty on insurance policies will discourage investment in the state, says Brad Greer…
Tree decision offers reprieve for councils
25 May 2004
The NSW Court of Appeal has found Dungog Shire Council not negligent for failing to inspect roadside trees after a woman suffered significant injuries…
NIBA targets students as future brokers
18 May 2004
Secondary students in South Australia will soon be able to complete their Certificate 3 in insurance broking, thanks to an initiative between NIBA and the SA Department of Education…
Sports cover may get cheaper
18 May 2004
Liability premiums for sporting clubs and associations may drop in the next year, according to two leading industry sources…
Cash boost for art insurer
18 May 2004
Art Indemnity Australia – a Commonwealth-supported program focused on providing Australians with access to the world’s great art exhibitions…
Lifesavers may insure themselves
18 May 2004
Surf Life Saving Australia is looking to self-insure because it says it cannot afford excessive public liability premiums…
CGU to enter home warranty market
18 May 2004
IAG subsidiary CGU has entered the NSW and Victorian home warranty markets, boosting competition and availability in the once ailing sector…
Brokers’ PI softening
11 May 2004
NIBA members will benefit from a softening in professional indemnity premiums when they renew their policies with the NIBA facility, says board member Alan Bishop…
Better PI policy wordings needed
11 May 2004
Meanwhile, a PI expert has called on insurers to provide better policy wordings and endorsements if the market in Australia is to improve…
Supporters get behind training body
11 May 2004
A decision to disband the National Financial Industry Training Advisory Body has been condemned by NIBA and the Insurance Council of Australia…
Potts review: it’s coming… slowly
11 May 2004
The Federal Government’s report into the use of discretionary mutual funds and unauthorised foreign insurers being undertaken…
NRMA launches bushfire mapping
11 May 2004
NRMA Insurance has completed its first operational flight from Cessnock to Sydney using FireScan, a new “bushfire management” tool aimed at mapping areas…
ICA prepares new code for public scrutiny
04 May 2004
A draft General Insurance Code of Practice will be released in the next couple of months by the Insurance Council of Australia…
Reinsurers pay back FAI, with interest
04 May 2004
General Re Australia (GRA) yesterday paid $27.2 million to the FAI liquidator as part of an enforceable undertaking provided to ASIC…
Victorian lawyers face PI hike
04 May 2004
Some Victorian criminal barristers are likely to face professional indemnity increases of up to 50% if their peak body, the Victorian Bar, decides to obtain coverage…
ANZIIF launches planners’ course
04 May 2004
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) says it will soon offer financial planning courses as the peak body supporting planners…
Carpark prangs cost $100 million a year
04 May 2004
New industry statistics show that thousands of minor carpark accidents run up a damage bill of more than $100 million a year…
Award nominations arrive
04 May 2004
ANZIIF’s 2004 Insurance Industry Awards are attracting “outstanding nominations from all sectors across award categories”…
From FSRA to IFRS…
27 April 2004
Just as the industry finally settles into the Financial Services Reform Act, the Federal Government has firmly implanted another acronym into the industry’s brain…