WA’s bid to halt litigation nightmare
25 March 2003
The Western Australian Government has introduced a second round of negligence laws in a last-minute bid to address the ongoing string of liability insurance shocks…
Local
Throwing tomatoes at public liability
25 March 2003
Victoria was to experience the world’s biggest tomato fight at the Formula 1 Australian Grand Prix earlier this month, but the idea went sour when the organisers were unable…
D&O insurance: toe line or no cover
25 March 2003
Australian insurers have added more fuel to the fiery directors’ and officers’ insurance debate…
Claims made policies and late notice — the clock is running
25 March 2003
The “claims made” provisions of insurance contracts have again come in for attention after the NSW Court of Appeal rejected an attempt by Gosford City Council to make a claim…
Brokers gain more of the market
25 March 2003
Brokers are doing much better in the market than had been expected a few years ago, says NIBA CEO Noel Pettersen
Why we’re a high-tax state: Victoria
18 March 2003
There’s just no telling the Victorian Government when it comes to its astronomical taxes like the fire services levies and stamp duty…
Car security program works
18 March 2003
Car thefts are down around the country, and the National Motor Vehicle Theft Reduction Council can take a bow. ICA Executive Director Alan Mason says the drop in thefts…
Natural disaster costs on the rise
18 March 2003
Natural disaster losses cost the Australian insurance industry $380 million in the last year, with the Canberra fires accounting for $312 alone…
Victoria launches fire recovery package
18 March 2003
Speaking of natural disasters, Victoria’s Bracks Government has stepped up efforts to raise funds for the 2003 Bushfire Recovery Appeal Fund…
…and an inquiry to follow
18 March 2003
Premier Steve Bracks has announced Victoria will conduct an inquiry into this year’s bushfires, which were the worst since Ash Wednesday in 1983…
APIG makes noise over PI
18 March 2003
The Australian Professional Indemnity Group is holding a seminar on Wednesday featuring a range of speakers who will be able to give their views from both sides of the PI fence…
Consumer call centre working
18 March 2003
The Banking Insurance & Investment Assist call centre launched in June last year has released some impressive results for the six months ending December 2002…
Consumers more confident, but there’s still a trust gap
11 March 2003
A new ICA industry survey shows people are confident about the financial strength of insurers and their ability to pay claims, despite recent market volatility…
One year to go, and many brokers are worried
11 March 2003
Lawyers are “scare-mongering” to capitalise on intermediaries’ uncertainty about their ability to move painlessly into the new FSRA licensing regime…
… and FSRA deadline won’t be extended
11 March 2003
ASIC has denied persistent rumours that it may be forced to extend the licensing compliance period of the FSRA to accommodate a last-minute rush…
Alliance against fire levy gathers force
11 March 2003
Some heavyweights in the Victorian scene have lined up for and against the review of the state’s fire services levy system, making it even harder for State Treasurer John Brumby…
Coonan attacks state taxes – but don’t hold your breath
04 March 2003
Assistant Treasurer Helen Coonan says a Commonwealth review of taxes affecting the affordability of household insurance is likely to be useless because of high state…
Victoria’s WorkCover makes it fourth time lucky
04 March 2003
Victoria’s WorkCover Authority has announced its fourth successive insurance profit for the six months ending December 31, recording a $338 million profit from insurance operations…
Accident & Health International drops Gerling
04 March 2003
Underwriting agency Accident & Health International has switched from Gerling, which has gone into run-off in Australia…
No PI as engineers assume risk
04 March 2003
More than one in 10 of Australia’s consulting engineers have no professional indemnity insurance…