Aon: more capital needed for insurance industry
15 July 2003
Aon Worldwide Chairman and CEO Dennis Mahoney flew into Sydney last week for a brief visit, and filled the airwaves and print media with dire warnings…
Local
Adler to stand trial
15 July 2003
Former FAI chief and HIH director Rodney Adler has been committed to stand trial on charges of manipulating the stockmarket…
Rural & General case thrown out
15 July 2003
A colourful and slightly confusing court battle mounted against APRA by Rural & General Insurance Broking has been brought to a halt before it ever really got started…
We’re among the very best – at fraud
15 July 2003
Almost 50% of Australian businesses have been affected by fraud in the past two years, with the financial services industry reporting the highest level of fraud-related crime…
ICA tries to wipe out confusion
15 July 2003
After decades of people resolutely not reading their insurance policies, the Insurance Council has taken a short-cut towards understanding…
Disputes group will cover business packs
15 July 2003
ASIC has approved amendment to the terms of reference for Insurance Brokers Disputes Ltd, so that disputes involving small business package policies up to a claim limit…
RIBA seeks manager
15 July 2003
The Regional Insurance Brokers Association is searching for a new Executive Officer now that the long-serving Peter Lalor is retiring…
Premiums still rising, say brokers
08 July 2003
NIBA’s half-yearly market survey has found that most commercial premiums are continuing to rise, with brokers expressing concern at the low number of insurers prepared…
Kamha steps up at Dexta
08 July 2003
Industry identity Ashraf Kamha has stood aside as CEO of Dexta Underwriting to spend more time focusing on other key areas of the business…
Accountants slam lack of useful PI cover
08 July 2003
Professional indemnity prices are at an all-time high, and now the ultimate number-crunchers, accountants, are digging their heels in and demanding better cover…
Too many brokers still not up to scratch, says IBD
08 July 2003
An annual audit by Insurance Brokers Disputes of 100 randomly selected insurance brokerages has found that although brokers’ documentation skills have improved…
MBF buys IAG’s health arm
08 July 2003
Insurance Australia Group is selling its health insurance arm, NRMA Heath, because it can’t compete on the costs and benefits of major health insurers, says CEO Michael Hawker…
$14 million will finance HIH prosecutions
08 July 2003
The HIH collapse is a long way from disappearing from the public spotlight, with the Federal Government announcing last week it will put up an extra $14 million to fund…
Adler to ‘vigorously defend’ any criminal charges
08 July 2003
It’s been a stressful week for former FAI MD Rodney Adler…
Cooper to pay more than $2.5 million HIH debt
08 July 2003
Entrepreneur Brad Cooper has become the first person involved in the HIH collapse to hand over money…
Carr: stamp duty helped to pay for HIH
08 July 2003
NSW Premier Bob Carr has defended his government’s refusal to lower stamp duty rates for home-owners, saying the extra cash flow helped meet the unexpected demands…
ICA joins argument for single workers’ comp regime
01 July 2003
ICA is the latest organisation to tell the Productivity Commission’s inquiry into national workers’ compensation and OH&S frameworks that it’s committed to the long-term aim…
AssetInsure buys Gerling Re
01 July 2003
Just months after Gerling Global Reinsurance of Australia went into run-off, niche player AssetInsure has purchased the operation for $60 million…
Reinsurance pool board selected
01 July 2003
Australia’s new Terrorism Insurance Scheme – and its new level of tax – comes into effect today…
Flood info should be made available
01 July 2003
New CSIRO research shows that the cost to the community of coastal flooding could more than double in the next 50 years- and not that much can be done to solve the problem…