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…
Local
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…
Terror insurance: blessing or burden?
24 June 2003
The insurance industry realises it needs a terrorism insurance law, and it got one last week when the Senate voted in its favour…
Insurers welcome legislation
24 June 2003
ICA Executive Director Alan Mason welcomed the new terrorism legislation, saying that without it many building and development projects could not obtain funding from banks…
FAI executives face charges
24 June 2003
Former FAI executives Daniel Wilkie and Tim Mainprize will appear in a Sydney court next Tuesday charged with providing false and misleading information and using their positions…
Victoria close to fire services levy decision
24 June 2003
The Victorian Treasury mandarins who vanished with the fire services levy review around the end of March have been in touch…
Understand your policies and use a broker: ICA
24 June 2003
The Insurance Council wants people to make more effort to read their policies. It has urged people to try harder, and even use an insurance broker, to understand…
Drunk but responsible
24 June 2003
A High Court finding last week that a drunken passenger was 25% responsible for the injuries he suffered in a car accident underlines the effect of recent public liability reforms…
Avoid car theft: hide the keys
24 June 2003
Gone are the days when thieves would smash a car window and then hotwire it to steal it…