IEC to share its admin load
19 March 2002
Insurance Enquiries & Complaints will share back-office functions with two other financial services dispute resolution schemes, the Australian Banking Industry Ombudsman…
Local
High-rise warranty scrapped
19 March 2002
There were smiles all round last week when the Victorian and NSW governments launched the new builders’ warranty scheme…
HIH Royal Commission takes a break
19 March 2002
With the HIH Royal Commission legal team steadily peeling away the layers of the FAI/HIH deal with the confident ease of someone who already knows how the story ends…
Terri gets the first AFS licence
19 March 2002
Adelaide-based Terri Scheer Insurance Brokers is Australia’s first company to have been granted a licence under the Financial Services Reform Act…
All calm on the broking front
19 March 2002
Some intermediaries might be suddenly feeling the licensing heat with the FSRA less than 24 months away, but NIBA Technical Services Manager Warren Turner says…
Vic WorkCover does it again
19 March 2002
The Victorian WorkCover Authority has recorded a second successive operating profit of $149 million for the six months ending December 31 2001…
Brokers get the BI message
12 March 2002
Up to 80% of all business interruption claims for small to medium businesses are inadequately prepared, according to MSM Loss Management principal Colin Chinner…
Peter Nash elected to lead UAC
12 March 2002
Peter Nash, the MD of leading sports insurance underwriter Sportscover, has been appointed as the new chairman of the Underwriting Agencies Council…
Critical FSRA report is wrong, says NIBA
12 March 2002
A report in yesterday’s Australian Financial Review on the implementation of FSRA has raised hackles in broking circles…
Butler replaces Jones at Zurich
12 March 2002
Zurich COO John “Harry” Butler has been appointed CEO to replace Malcolm Jones. Mr Jones, who was also CEO Asia Pacific for Zurich, has announced his intention to leave the company…
Insurers want workable liability solutions
12 March 2002
The insurance industry wants to work with all governments and other stakeholders to achieve workable solutions to rising public liability premiums, says Insurance Council Executive…
Home warranty shake-up
12 March 2002
The 10–point plan for a possible reform of builders’ warranty that was presented to insurers and underwriters last week in Melbourne is expected to be finalised in the next couple of days…
Industrial manslaughter: safe bosses have no concerns
12 March 2002
Victoria’s new Crimes (Workplace Deaths and Serious Injuries) Bill shouldn’t be feared by businesses, says the state’s Director of Public Prosecutions, Paul Coglan QC…
Lawyers lash back at Hockey “threat to justice”
12 March 2002
NSW Bar Association President Bret Walker has criticised Small Business Minister Joe Hockey for calling for an end to no-win-no-fee arrangements…
NIBA’s licensing kit hits the road and the internet
12 March 2002
NIBA members are now able to access the eagerly anticipated licensing help kit, which went up on the new NIBA website yesterday…
High-rise warranty cover falls over
05 March 2002
The consequences of an insurer pullout from home warranty for high-rise buildings has become very clear, with the NSW and Victorian governments announcing plans to merge…
HIH: the price of knowing what happened
05 March 2002
The HIH Royal Commission will have cost the Australian taxpayer about $40 million by the time it is wound up later this year…
Controversial Bill has potential for brokers
05 March 2002
Victorian brokers have an opportunity to “add-on” services to their clients with the impending introduction of the Crimes (Workplace Deaths and Serious Injuries) Bill…
Assessing for the future
05 March 2002
Brokers are coming to terms with the fact that the FSRA will be introduced next week…
June renewals will see more big rises
26 February 2002
The impact of September 11 will become evident in the next June renewal season with further steep climbs in premiums now predicted…