QBE will appeal travel insurance verdict
30 September 2003
QBE will appeal against a court-imposed $5000 fine after losing a case in the Federal Magistrates’ Court brought by a woman with a terminal cancer condition…
Local
Foreign insurers: a difficult problem to address
30 September 2003
Now that the Federal Government has announced a review into the use of unauthorised foreign insurers (UFIs), don’t believe the problem is going to automatically go away…
WorkCover’s downward spiral
30 September 2003
While the Federal Government’s ability to introduce standardised workers’ compensation laws across Australia is limited, it does have some powerful cards to play if it wants to…
Statistics will help boost industry image
30 September 2003
ICA might develop a new insurance statistical organisation next year because Insurance Statistics Australia doesn’t cover enough insurers…
Vero NZ steers clear of genetics
30 September 2003
Vero, New Zealand’s second largest insurer, says it won’t cover policyholders for personal injury or damage to property directly or indirectly caused by genetically modified
Builders’ limits raised
30 September 2003
Was it the gradual easing of the capacity crisis or the threat of an ACCC investigation that prompted Royal & SunAlliance to loosen its iron grip on builders' warranty insurance…?
Government makes first tiny moves on HIH report
23 September 2003
Federal Treasurer Peter Costello has broken a five-month silence over the recommendations of HIH Royal Commissioner Justice Neville Owen, agreeing to back most of them…
ICA isn’t impressed by Government tardiness
23 September 2003
Mr Costello might have been blowing a bit of warmth on the HIH Royal Commissioner’s five-month-old recommendations, but the Insurance Council says it wants to see…
Vero wins NZ brokers’ award
23 September 2003
Newly branded New Zealand insurer Vero has been named NZ’s General Insurer of the Year by brokers…
Anywhere you want to go, as long as…
23 September 2003
Popular Wellington broker Graeme Robertson was named Broker of the Year at the IBANZ conference in Fiji…
Lumley Life wins claims award
23 September 2003
Suddenly the insurance industry is awash in awards ceremonies…
Claims isn’t a core function, says expert
23 September 2003
Try to tell an insurer that claims management isn’t a core function of their business and you’re in for an argument…
Hold on tight to your clients, says Aon chairman
23 September 2003
NZ insurance brokers meeting in Fiji last week for the IBANZ conference received some hefty words of advice from Aon Risk Services non-executive Chairman Robert Harrison…
NSW workers’ compensation under the microscope
09 September 2003
The recommendations in the McKinsey report into NSW workers’ compensation should, “for the first time”, give WorkCover full financial responsibility for the scheme’s…
Windstorm damage bill reaches $25 million
09 September 2003
The damage bill for the violent windstorms that ravaged parts of NSW, Victoria and the ACT last month has risen to $25 million…
Get set for a scorcher
09 September 2003
Insurers are still recovering from massive claim payouts following last summer’s bushfires – but new statistics show the danger isn’t over yet and that the industry should brace itself…
Brokers and super agents ‘a bit slow’ over AFSL
02 September 2003
While most of the financial services industry is progressing well with their Australian financial services licence applications…
AssetInsure gets its APRA licence
02 September 2003
AssetInsure Holdings has obtained a general insurers’ operating licence from APRA…
FM Global targets Australia with new business model
02 September 2003
International insurer FM Global is stepping slowly into the Asia-Pacific business sphere, with its 30-year-old business in Australia proving a good stepping-stone…
Aon measures terror
02 September 2003
Aon Re Australia has followed in the footsteps of other western countries in trying to assess the financial implications of terrorism in their own backyard…