CGU holds off One.tel defence claims
29 July 2003
Three directors and officers of failed telco One.tel will have to fund their own defence after CGU’s refusal to immediately pay out on their D&O policies was upheld…
Local
Adler: ‘I’m not like Skase’
29 July 2003
Former FAI MD and HIH director Rodney Adler has joined his old HIH colleague Ray Williams in telling all…
Insurers must explain, says Hawker
29 July 2003
IAG head Michael Hawker wants the insurance industry to explain to consumers how massive premium hikes are “directly linked to the cost of claims”…
NSW FSL solution draws near
29 July 2003
NSW is blazing ahead with a program to sort out the alternatives for fire brigade funding…
The most common crashes
29 July 2003
For those of you dealing in vehicle repair work and anyone else interested in the minutiae of road accidents, debt collection company Prushka – it handles third-party claims…
APRA faces big lawsuit loss, says R&G
29 July 2003
Rural & General Insurance Brokers, which is suing APRA for defamation in the ACT Supreme Court, says the regulator…
Unease, anger over baby case
22 July 2003
Lawyers and medical insurers are studying the ramifications of last Wednesday’s High Court decision to award compensation to the Queensland parents of a healthy child…
Opportunistic car thieves stretch police
22 July 2003
New Zealand’s police force is under-resourced, under-funded and over-stressed, says Insurance Council of New Zealand CEO Chris Ryan…
Lawsuit against APRA moves to ACT
22 July 2003
Sydney-based broker Rural & General Insurance Brokers has taken its defamation case against APRA to the ACT Supreme Court…
PWC: compliance doesn’t equal good reputation
22 July 2003
Financial services executives around the world, including Australia, believe upholding their company’s reputation is more important than complying with government rules…
New book probes FAI’s beginnings
22 July 2003
First it was The Australian columnist Mark Westfield with a book claiming to give the inside story of the HIH collapse…
ARIMA pushes self-insurance case
22 July 2003
Major companies around Australia are coming out firmly in support of a single national workers’ compensation framework, with some claiming competitors allowed to use…
A hard day’s work for insurance staff
22 July 2003
Working 9-to-5 is long enough day for many people, and NRMA Insurance workers in Sydney couldn’t agree more…
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…
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…