Insurance complaints drop
24 February 2004
A record drop in the number of complaints referred to the General Insurance Enquiries and Complaints Scheme was recorded during 2002/03…
Local
Corrigan award finalists selected
24 February 2004
Ten Australian, NZ and Asia-Pacific insurance professionals have been selected by an eminent panel as finalists for the inaugural Peter Corrigan International Exchange Award…
Industry sailors throw a line to lifesavers
24 February 2004
Surf lifesavers were in the news recently over their struggle to pay a $1 million public liability premium…
Industry fights TPA loophole
17 February 2004
The Senate’s refusal to pass key amendments to the Trade Practices Act for the second time in two months has angered insurance industry leaders…
… and politics spur more TPA debate
17 February 2004
Assistant Treasurer Helen Coonan says the Opposition’s stance on TPA reform is ill-informed…
Canberra bushfire victims lash out
17 February 2004
A year after the Canberra bushfires, some victims of the disaster are claiming their insurers didn’t do a satisfactory job…
Wells persists with UFI solutions
17 February 2004
Following a turbulent year for Rural & General Insurance Broking, MD Warren Wells has quit the brokerage and is looking for more insurance opportunities…
Bridge collapse victims win final payout
17 February 2004
Australian victims of the Israeli Maccabiah footbridge collapse, at the opening of the so-called Jewish Olympics in 1997, will soon receive the final payment…
Steadfast’s bid to close market gap
17 February 2004
National broking cluster Steadfast has bought a 10% stake in Global Underwriters in a bid to offer its members more choices when obtaining harder to place risks…
NRMA stands by repairer scheme
17 February 2004
Following last week’s Sunrise Exchange News article about NRMA Insurance being taken to court by the Australian Automotive Repairers Association…
Storm bill soars to $40 million
10 February 2004
The severe storms that swept through Australia’s east coast recently are expected to cost more than $40 million…
NIBA membership booms
10 February 2004
With only a month to go until the FSRA comes into action, NIBA has been inundated with membership applications from brokers and authorised underwriting agents…
Allianz pays another $120 million in HIH deal
10 February 2004
Allianz will pay $120 million to the liquidator of HIH under a settlement agreement reached in the NSW Supreme Court last week…
New reinsurance venture for Bubb
10 February 2004
Former Gerling Re Australia CEO John Bubb has started a new reinsurance business, Australian Reinsurance Underwriting Services…
Smash repair scheme in court
10 February 2004
Several years ago AAMI was the focus of a major push by smash repairers to force it away from its policy of selecting repairers…
CGU sets sights on marine cover
03 February 2004
CGU will establish its own marine insurance company within the next few months after losing a battle with Zurich over the joint ownership of Associated Marine Insurance…
NIBA details SOA back office costs solution
03 February 2004
NIBA has given its members an updated view on the complex question of how – or if – they need to disclose in Statements of Advice for retail clients…
Queensland storm bill tops $7 million… and rising
03 February 2004
Wild storms which ravaged parts of southeastern Queensland last week have hit insurers with a damage bill of $7.5 million…
Victorian storms bill grows
03 February 2004
It’s a similar story in Melbourne, where claims from last Thursday’s storms have also soared into the millions…
ANZIIF launches new compliance tool
03 February 2004
ANZIIF has launched a new online compliance tool called InSITE to assist members with ongoing requirements enforced by the FSRA…