Institute and agents chiefs head for Queensland
04 September 2001
One consequence of the introduction of the financial services reforms is the need for associations to review the way they operate and the services they offer…
Local
Insurers cobble up a rescue plan of their own
04 September 2001
Frantic behind-the-scenes negotiations are continuing in Sydney as NSW general insurers try to find a solution to the impasse with the State Government over its $69 million levy on the industry…
HIH Royal Commission gets organised
04 September 2001
The ads are in the papers – the HIH Royal Commission is in action…
Choice chooses Aussie Alliance as IBNA misses out
04 September 2001
The Australian Consumers Association has chosen Australian Alliance’s house and contents policy as its pick of the products for 2001…
Insurers make a promise if WA kills fire levy
04 September 2001
The insurance industry has promised to pass on the savings if the WA Government goes ahead with a plan to scrap the fire service levy…
The HIH loss could reach $5.3 billion
28 August 2001
HIH liquidator Tony McGrath has fixed the final cost of the company’s collapse – sort of. After months of work, the total loss estimate has been revised upwards by about…
Insurers kick in as the HIH team gathers
28 August 2001
The HIH Royal Commission team is beginning to take shape as an anxious insurance industry gears up with a massive legal and administrative effort of its own…
FSRB passes – now for the arguments
28 August 2001
The Financial Services Reform Bill, having sailed through the Senate with only minor (and non-insurance) amendments enforced by the ALP and Democrats, is back in the…
Five-year freeze demanded for GM crops
28 August 2001
The risks and uncertainties in marketing, environment, public health and ethics make genetically modified crops a high-risk, no-win game, according to Bob Phelps…
Does insurance cover terrorism?
28 August 2001
Despite the recent spate of terrorist attacks in the tourist centres of Spain and Sri Lanka, Australian travel insurers have not followed the example of some British travel insurers…
Head-high premiums tackle stadiums
21 August 2001
Sport has become an expensive business, and the rises in liability premiums aren’t making things any easier…
NIBA PI scheme follows the market trend upwards
21 August 2001
Having spent the past six months explaining to their clients why premiums are rising, brokers now have to wear a premium rise themselves…
NIBA leaders have FSRB answers
21 August 2001
NIBA is well placed to help its members over the initial FSRB hurdles, says CEO Noel Pettersen…
Macquarie sets up weather derivatives
21 August 2001
The struggle to find new ways to cover against adverse weather events has spread to Australia, where Macquarie Bank has announced a joint venture with the US-based Aquila…
Footnote: Ale’s well that ends well
21 August 2001
Insurers and beer-lovers can breathe again. Despite a brewing calamity late last week, Tasmanian boutique brewer J. Boag and Son has escaped relatively unscathed.…
Hockey has even more reforms in mind for insurance
14 August 2001
Just when you thought the reform rush might be starting to slow down a little, along comes the HIH collapse and its attendant royal commission to give the legislators…
Insurers prepare to fight the tax battle
14 August 2001
Minister Hockey’s invitation to take the “most taxed insurance in the world” argument to the HIH royal commission is reportedly being taken up by the insurers with…
ICA tackles e-commerce crime
14 August 2001
E-commerce crime costs the global community around $3 trillion dollars a year, according to the experts…
HIH royal commission picks ex-BHP man
14 August 2001
Former BHP company secretary Richard St John has been appointed secretary to the HIH royal commission…
FSRB regulations imminent
07 August 2001
Insurance associations around Sydney, as well as the large insurance and broking bodies, are waiting with bated breath for the first FSRB regulations to start spewing…