New car insurer cleans up market
01 October 2002
South African group Budget Direct Insurance is laying claims to being Australia’s cheapest car insurer…
Local
FSR workshops on their way
01 October 2002
KPMG and QBE Mercantile Mutual will soon be at an office near you as it begins a nationwide “in your office” FSR education program…
Weekend hawking to be banned
01 October 2002
The Federal Government has formally requested submissions on the prohibition of the direct marketing of financial products on public holidays…
New business tax reforms
01 October 2002
Minister for Revenue and Assistant Treasurer Helen Coonan is now concentrating on business tax reform…
PI rise inevitable
24 September 2002
Ouch! Warnings at last week’s IBNA conference in Darwin that brokers should prepare for PI premium rises of around 300% haven’t surprised anyone who follows the liability market…
Business leaders want uniform approach to liability reform
24 September 2002
Public liability costs have risen by an average of 28% for renewals over the past six months, says Trowbridge/Deloitte actuarial partner Geoff Atkins…
Nationalise workers’ comp, says department
24 September 2002
The insurance industry’s impossible dream of a workers’ compensation scheme that has one set of rule for the whole country came a tiny bit closer to reality last week…
…and privatise NSW WorkCover, say MPs
24 September 2002
Here’s something else for insurers to ponder…
No Aussies in the top 10 reinsurers
24 September 2002
It was no surprise…
New entrant in claims management area
24 September 2002
New claims management company Insurance Claims Solutions was officially launched last week in Melbourne…
Coonan repents
24 September 2002
Assistant Federal Treasurer Helen Coonan is being accused of being a little bit hasty when she formed the federal/state Ipp committee on tort reform…
Victoria ignores the insurance tax protest
17 September 2002
The Victorian Government is ignoring its vital country constituency with legislation designed to keep its insurance taxes at world-record levels…
Victorian liability reforms due soon
17 September 2002
Having dragged the chain on tort reform – and received a bucketing for it from the Federal Government – Victoria is set to implement a legislative reform package…
VWA extends freeze
17 September 2002
The Victorian WorkCover Authority is still trying to ease its new agents into the system without rocking the boat too much. It has again extended a freeze on the movement…
Senator gets to know the insurance industry
17 September 2002
Following the first anniversary of the September 11 terrorist attacks, Assistant Treasurer Helen Coonan reflected last week on the bundle of problems that followed and ultimately…
We’re innocent, say accused insurers
10 September 2002
Flushed with success from the rout of plaintiff lawyers over tort reform, are Australia’s general insurers now attempting to overturn the consumer protection provisions…
ICA slams Victoria’s planned tort reforms
10 September 2002
The Victorian Government’s package of liability reforms will not have a significant impact on the cost of claims for many years, according to the Insurance Council…
Public Liability Update
10 September 2002
While NSW is forging ahead with its tort reforms, the likelihood of a national approach looks doomed because of indecision in the other states…
Insurers to form coinsurance pool
10 September 2002
A coinsurance panel comprising of Allianz, IAG and QBE is being established in NSW to provide a new insurance pool that will help struggling non-profit community organisations…
Adler & Williams appeal
10 September 2002
Former HIH directors Rodney Adler and Ray Williams have launched their appeals against the recent NSW Supreme Court finding that they had breached Corporations Law…