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…
Local
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…
Underwriting agents see rates continuing to climb
17 June 2003
Most underwriting agents agree rate increases in liability this year are generally between about 20 and 30%…
Government terror insurance set for July
17 June 2003
The Federal Government’s Terrorism Insurance Bill was passed by the Senate yesterday, and will be implemented at the start of July…
Brokers receiving ‘faulty’ FSRA advice
17 June 2003
Some brokers have had their AFS licence applications rejected by ASIC after receiving faulty advice, according to NIBA…
Car thefts down a bit
17 June 2003
Vehicle thefts were down by 2000 for the March quarter, but before everyone gets too excited, the total of thefts was still an impressive 24,000…
ARIMA criticises new workers’ comp recommendations
17 June 2003
Corporate risk managers have applauded the parliamentary employment and workplace relations committee’s recommendation for more consistency…
IBD seeks a good problem-solver
17 June 2003
A short-term vacancy at Insurance Brokers Disputes Ltd in Melbourne is being hailed as an opportunity for industry professionals to gain a unique perspective…
Asbestos curbs proposed
17 June 2003
Allianz Australia appears to have convinced the NSW Government to curb some claims being heard by the state’s Dust Diseases Tribunal…
Wife caught up in kebab blast scam
17 June 2003
And now for something a little different…
Wanted: one efficient workers’ comp system
10 June 2003
A bipartisan federal parliamentary inquiry has called for a consistent national approach to Australia’s workers’ compensation system in a bid to slash the $20 billion annual bill…
Wilkins is new ICA President
10 June 2003
Promina MD Mike Wilkins was elected President of the Insurance Council of Australia at a board meeting yesterday…