Drought increases sport injury claims
25 February 2003
Australia’s sportsmen and women are breaking more bones thanks to the drought and subsequent water restrictions, according to sports insurance underwriter Sportscover…
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Terrorism insurance unfair, says ARIMA
18 February 2003
Australia’s corporate risk managers have rejected the Federal Government’s plan to introduce a compulsory terrorism insurance levy, saying it’s totally unfair…
Insurers abandon NZ building industry: report
18 February 2003
Insurance problems with the building industry are nothing new in Australia, but now New Zealand insurers are reportedly abandoning the sector or raising professional indemnity rates…
Medical insurer’s not out of the woods
18 February 2003
The medical indemnity crisis is far from over…
Vic bushfires burn up more money
18 February 2003
The Insurance Disaster Recovery Organisation says insurers have received 250 claims totalling $10 million as a result of the Victorian bushfire disaster…
IEC praises insurers post-Canberra
18 February 2003
Insurance Enquiries & Complaints CEO Sam Parrino has congratulated the activities of insurance personnel during the Canberra bushfires noting that they acted…
Breakfast briefings back
18 February 2003
The National Insurance Brokers Association will hold a series of “breakfast briefings” next month for members and non-member intermediaries…
AICLA appoints independent chairman
18 February 2003
Insurance Enquiries and Complaints CEO Sam Parrino has been appointed as the independent chairman of AICLA’s Disciplinary Committee…
Sunrise Exchange wins ‘Best E-Commerce Product’ award
11 February 2003
InsNet’s web-based transaction platform for the insurance industry, Sunrise Exchange, has walked away with the “Best E-Commerce Product or Service” title…
IFSA and FPA prepare for critical onslaught
11 February 2003
The joint Australian Consumers Association/ASIC survey of financial planners, which we reported on last week, will be officially revealed at a launch in Sydney today…
Lost containers worry NZ insurers
11 February 2003
The Insurance Council of New Zealand is launching a campaign to make mariners aware that more than 10,000 shipping containers swept overboard from cargo ships each year…
Coonan pushes the message on taxes
11 February 2003
Assistant Treasurer Helen Coonan continued to push the state tax issue in the Senate last week, highlighting the link between underinsurance and taxation on insurance…
UAC appoints new chairman
11 February 2003
Paul Lynam, MD of SRS Insurance Group, has been elected the new Chairman of the Australian Underwriting Agencies Council for 2003…
Phillips Fox lawyers in guide to the best
11 February 2003
An international poll conducted by Euromoney Legal Group ranks six Phillip Fox insurance lawyers among the world’s best…
AILA’s founder wins top award
11 February 2003
John Hastings, joint founder of the Australian Insurance Law Association, has been awarded the AIDA medal by the International Association for Insurance Law…
Canberra bushfires to cost $250 million
04 February 2003
Canberra’s bushfire insurance bill is estimated at $250 million, although some industry insiders suggest it may climb as high as $300 million…
Local industry will withstand bushfire crisis says S&P
04 February 2003
The industry may have to change its laid-back attitude to policyholders living in houses surrounded by bushland, but insurers certainly won’t have any trouble paying claims…
Brokers get a bigger slice of the cake
04 February 2003
Brokers are moving into 2003 enjoying a resurgence of inflence in the market, according to NIBA CEO Noel Pettersen…
APRA says planned litigation against UMP puts doctors at risk
04 February 2003
Doctors’ planned litigation against UMP is “unhelpful” and could put the insurance of hundreds of doctors insured by the group at risk, according to APRA…
Liability insurance is competitive
04 February 2003
Competition in the public liability area is sufficient to ensure efficient and cost-effective claims management practices in Australia…