Agency says HIH collapse was predictable
24 June 2002
APRA, ASIC, shareholders and the wider industry couldn’t see HIH teetering on the brink of disaster at the start of last year, but a corporate credit rating agency says…
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Barristers raise a PI hue and cry
24 June 2002
Lawyers and insurance are a historically volatile mix, which may explain the heat being generated among Victoria’s 1400 barristers over their new PI insurer…
Be fair, says ICA chief
24 June 2002
Governments around Australia should get behind the financial services sector and promote its well-being as an integral part of the Australian economy, says ICA Executive…
WA cuts FSL out of insurance
17 June 2002
The WA Government has announced its long-awaited new emergency services funding system, which will see insured residents experiencing a 23% drop in their insurance premiums…
Carr urges others to follow NSW lead
17 June 2002
NSW Premier Bob Carr is setting a cracking pace as he overhauls liability laws, and is urging the rest of the states to follow his lead…
Will the reforms cut premiums?
17 June 2002
Lawyers say the NSW reforms will have little impact on premiums…
Insurers cop battle damage from media flak
17 June 2002
As June wears on and more businesses find it impossible to obtain liability insurance, the industry is beginning to sustain battle damage…
ICA proposes an insurance pool
17 June 2002
ICA has announced a pooled insurance scheme by insurers as a short-term solution to the public liability crisis…
Medical indemnity: the big plan
17 June 2002
The next insurance “solution” – this time for medical indemnity in the wake of the UMP collapse – comes from the Royal Australasian College of Surgeons…
AMA challenges levy plan
17 June 2002
The Federal Government’s rescue package for UMP-insured doctors has been challenged by the AMA, which is unhappy with the plan to levy more than half the nation’s doctors…
Adler denies FAI brought down HIH
11 June 2002
Former FAI CEO Rodney Adler has spent much of the past couple of months sitting as an observer at the HIH Royal Commission, and he has obviously been keen to give his view…
Brokers on renewals: it’s a nightmare
11 June 2002
June 30 renewals are approaching and the message from brokers around the country is loud and clear: it’s going to be a tough one…
How high will premiums go this time?
11 June 2002
Where premiums are offered, they’ll be considerably higher than 12 months ago…
New law encourages structured settlements
11 June 2002
The Federal Government has introduced another measure in its strategy to clean up some insurance-related problems brought to light by the public liability crisis…
Call to abolish claims ‘from a bygone era’
11 June 2002
If you want to know the extent of how frivolous claims these days have become, you only need to look at “loss of consortium”…
Experts brought in to help solve the crisis
11 June 2002
Despite being left out of the debate until now, Australia’s leading legal minds are now being recruited to give their advice on possible solutions to the public liability crisis…
Kiwis say they have medical indemnity answers
11 June 2002
Australia can solve its medical insurance crisis by adopting New Zealand-style measures, according to Professor Peter Davis from the Christchurch School of Medicine…
Adler, Williams made to dig deep
04 June 2002
The sentencing of former FAI CEO Rodney Adler and his HIH counterpart Ray Williams last Thursday closed the first chapter in the long-running saga of the HIH collapse…
Liability summit: no reforms, and not much else
04 June 2002
Confused about what happened last week when state and federal ministers met to thrash out a solution to the public liability insurance crisis..?
Carr threatens battle to the end over reform
04 June 2002
Premier Bob Carr is determined to get his tort law reforms past the Opposition-dominated Legislative Council without amendment – so determined that he is threatening…