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…
Local
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…
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…
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…