No market easing until 2004, says Fitch
09 April 2002
US ratings agency Fitch says the current hard market in Australia will continue until late 2004, slightly longer than that predicted for the US and key European markets…
Local
Builders’ warranty – no signs yet
09 April 2002
There is no reason to get too excited yet over the recently reformed builders’ warranty scheme…
Wharfie asbestos bill: $35 million this year
09 April 2002
The Federal Government expects a legal bill of at least $35 million for a wave of compensation damages claims from former waterside workers who contracted…
ACT reforms will eventually hurt, says lawyer
09 April 2002
The ACT’s new workers’ compensation scheme comes into effect on July 1, and some lawyers believe it will raise payouts for personal injury cases…
Investigators probe fatal roof collapse
09 April 2002
Loss adjusters are joining government investigators to try to ascertain how a renovated roof at Adelaide’s Riverside Golf Club collapsed last week, killing two women…
ARIMA frets over terror exclusions
09 April 2002
Lack of terror insurance cover is worrying Australia’s risk managers, according to ARIMA President Bruce Ferguson…
Brokers open up a new front in the war on taxes
03 April 2002
NIBA has joined the fight against insurance taxes with a novel approach that politicians will find hard to ignore…
Public liability: it won’t happen overnight, but…
03 April 2002
Last week’s summit meeting promised much in the way of reform, but little in the way of instant action…
Will it result in lower premiums? Yes and no
03 April 2002
ICA Executive Director Alan Mason says the forum’s outcome was excellent, but it is up to individual insurers to price their premiums according to risk…
ACCC: what caused the premium rises
03 April 2002
Everyone else has been relatively benign towards the insurance industry during the great public liability debate, and Allan Fels’ ACCC resisted the temptation…
That ‘legal drift’ comment stirs lawyers
03 April 2002
The report by Trowbridge Consulting and parent company Deloitte Touche Tohmatsu that was presented at last week’s ministerial insurance summit has come under attack…
Victoria perseveres with its “corporate killing” law – and UK follows
03 April 2002
Victoria’s Crimes (Workplace Deaths & Serious Injuries) Bill is meeting tough resistance from the Victorian Employers’ Chamber of Commerce and Industry…
Insurers’ answers to the public liability puzzle
26 March 2002
Well, now we know what the insurers want for a balanced public liability regime…
Carr’s plan: caps, cuts and a bit of discouragement
26 March 2002
NSW Premier Bob Carr’s actions to stem the rising cost of public liability premiums takes top spot in a range of reports on the issue…
Fels blames insurers’ pursuit of market share
26 March 2002
ACCC Chairman Professor Allan Fels says insurance companies haven’t helped the rising premiums situation with their relentless pursuit of market share and disregard…
Survey proves that surveys don’t always make sense
26 March 2002
A survey investigating the rises in public liability premiums claims non-profit community groups could be paying higher premiums to cover for claims by other groups…
Victorian groups get a lifeline
26 March 2002
The organisers of Victorian small events and organisations hit by higher public liability premiums have been thrown a lifeline with a special insurance package…
Not as bad as it sounds
19 March 2002
The withdrawal of Suncorp Metway from the PI market has undoubtedly caused waves for the 80% to 95% of barristers the company used to cover in Victoria, Queensland and NSW…
PM points the liability bone at lawyers
19 March 2002
Prime Minister John Howard has blamed lawyers for encouraging litigation in Australia and consequently fuelling the current public liability crisis…
ICA undermines Democrats’ liability submission
19 March 2002
An Australian Democrats submission on public liability to be presented to the March 27 meeting of Commonwealth and state ministers, contains several flaws…