UMP turns off its life support
29 April 2002
Australia’s largest medical indemnity insurer hit the wall late yesterday and decided to call in the liquidators…
Local
Lawsuits in the spotlight again
29 April 2002
The Australian Medical Association was quick to warn of chaos after the UMP collapse…
Chubb picks Melbourne for political risk centre
29 April 2002
Growing demand in the Asia Pacific Region for political risk insurance has seen the opening of a new Melbourne office for Chubb International…
Victoria’s manslaughter bill faces Opposition axe
29 April 2002
Victoria’s controversial Workplace Deaths and Serious Injuries Bill has hit a snag: the Victorian Employers Chamber of Commerce and Industry has persuaded the Opposition…
WorkCover reforms in NSW
29 April 2002
NSW’s workers’ compensation scheme is turning a profit at last. Changes introduced last year to the Workcover scheme have given the authority a $200 million return…
Tax battle: enter Joe Hockey
29 April 2002
Small Business and Tourism Minister Joe Hockey has joined the battle over high state taxes on premiums with a call to lessen the “prohibitive effect” on business…
Five insurers lose out in workers’ comp reshuffle
23 April 2002
Victoria’s WorkCover Authority has pushed five insurers out of its authorised agent panel system, effectively ending their workers’ compensation business in the state…
Unauthorised? Yes. Foreign? No, it’s local
23 April 2002
Hot on the heels of last week’s APRA warning about unauthorised foreign insurer Atlantic & Pacific comes another, this time hailing from the Solomon Islands…
OAMPS gets an edge from Lloyd’s
23 April 2002
Lloyd’s has embraced OAMPS as its first accredited brokers in Australia…
Builders’ warranty: all calm
23 April 2002
Backup from the NSW and Victorian governments has warded off a collapse of both states’ builders’ warranty schemes…
Property exposure begins to bite
23 April 2002
The widening impact of insurers’ new attitudes towards risk – partially fuelled by September 11 – is slowly becoming more apparent…
Medical indemnity – critical, but not a crisis
23 April 2002
Assistant Treasurer Helen Coonan will use today’s national summit on medical indemnity to call for tougher prudential regulation for Australia’s medical defence organisations…
Insurers’ Privacy Code gets the first official nod
23 April 2002
The insurance industry is the first private sector group to have had its privacy code approved under the terms of the Federal Privacy Act…
NRMA Insurance hails a claims success
23 April 2002
NRMA Insurance says its industry-first online home insurance e-claims solution is a winner after just six months…
Builder’s warranty: still crumbling
16 April 2002
No news is meant to be good news, but this isn’t the case for builders in NSW and Victoria this week…
Hams case ends with each-way ruling
16 April 2002
Insurance lawyers are showing great interest in Friday’s NSW Supreme Court judgement in the Hams v CGU Insurance case…
Australia extends war risk cover
16 April 2002
The Federal Government has extended its provision for war-risk insurance for Australian airlines and airports until the end of the month…
Lawyers and insurers put their cases
16 April 2002
The Insurance Council of Australia and Law Council were expected to present new submissions on the public liability debate to Victorian Government Treasury secretaries…
ACT drops stamp duty – a very little bit
16 April 2002
The ACT is the first state or territory government to offer sporting and non-profit groups exemption from paying stamp duty on their premiums as part of a strategy to tackle…
Survey reveals risky behaviour
16 April 2002
Theft rates in Australia are relatively high, but Australians are still acting dumb about security, according to AAMI’s latest home and car theft index…