Risk management is vital, NIBA tells businesses
26 February 2002
Faced by surging premiums, Australian businesses of all sizes have been advised by NIBA to pay more attention to controlling their risk exposures…
Local
HIH inquiry still probing FAI deals
26 February 2002
Suncorp Metway General Insurance Group GM Daniel Wilkie is scheduled to be a high-profile witness at the HIH Royal Commission in the next week as it probes the thinking behind FAI’s…
Is APRA bullying small insurers?
26 February 2002
Plenty of small insurers were predicting last May that APRA would come after them with a big stick after the collapse of HIH and controversy over prudential margins…
WA to introduce public liability immunity
26 February 2002
Not-for-profit groups will escape public liability exposure under new legislation proposed by the West Australian Government…
Underinsurance: a smouldering problem
26 February 2002
Around 10% of the 121 homes destroyed in the NSW bushfires were uninsured and almost half had no contents insurance at all, according to statistics…
Hard market only for some
19 February 2002
The rules for brokers are changing to accommodate new market realities, according to leading underwriting agent Roy Ellis…
Not a donation, more a subscription
19 February 2002
Relax: the Insurance Council isn’t handing out money to political parties, and especially to the Democrats, thank you…
HIH – others used the reinsurance ploy
19 February 2002
If HIH and FAI found it easy enough to turn their losses into book profits via the arcane wonders of reinsurance, has anyone else tried the same arrangements..?
Liability tossed back to the states
19 February 2002
The Federal Government has decided that the critical issue relating to public liability is one for the states to deal with, and the Constitution prevents it getting involved anyway…
The Queensland solution: bulk-buying insurance
19 February 2002
Many small groups hit hard by the public liability issue are being encouraged to adopt a solution being investigated by major airlines in the US and Europe – pooling the risk…
Asbestos may cost Federal Government $400 million
19 February 2002
A key test case has found that waterside workers were not protected while unloading asbestos in the 1950s and ’60s, leaving the Federal Government to foot the bill…
NSW workers’ comp is changing
19 February 2002
New laws that began on January 1 are changing the way worker’s compensation is facilitated in New South Wales…
WA insurer hits an unhappy jackpot
19 February 2002
Perth-based Wesfarmers Federation Insurance is regarded as one of the most efficient insurers around…
Victoria pays out $3.6m in HIH claims
19 February 2002
The Victorian Government has paid out $3.6 million to 120 victims of the HIH Insurance collapse…
HIH and FAI: Reinsurance contracts in doubt
12 February 2002
Lies and a sham, or just ordinary insurance practice..?
Car theft council up for review
12 February 2002
The National Motor Vehicle Theft Reduction Council must present an independent evaluation of its operations to state crime prevention ministers and the Insurance Council by the end…
Still quite a squeeze for brokers
12 February 2002
The end of the January renewals period has brought little relief for brokers and their clients…
A handout for the political process
12 February 2002
What does a company expect to get for its money when it makes a political donation..?
Insurance forum will tackle liability insurance crisis
05 February 2002
Federal Assistant Treasurer Senator Helen Coonan has finally responded to the heavily publicised calls of her predecessor Joe Hockey to get a national forum under way…
Victoria cleans up after the builders
05 February 2002
More than $3.6 million has been paid to 120 HIH victims under the Victorian Government’s $35 million dollar HIH rescue scheme…