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…
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…
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…
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…
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…
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…
21 August 2001
Sport has become an expensive business, and the rises in liability premiums aren’t making things any easier…
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…
21 August 2001
NIBA is well placed to help its members over the initial FSRB hurdles, says CEO Noel Pettersen…
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…
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.…
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…
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…
14 August 2001
E-commerce crime costs the global community around $3 trillion dollars a year, according to the experts…
14 August 2001
Former BHP company secretary Richard St John has been appointed secretary to the HIH royal commission…
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…
07 August 2001
Former senior public servant John Hanks will represent the interests of NIBA on a new implementation consultative committee formed by Financial Services and…
07 August 2001
Victoria’s WorkCover scheme has achieved a financial turnaround that may see it fully funded in three years…
07 August 2001
Rising premiums are creating havoc for a range of events and businesses – and HIH is copping the blame…
07 August 2001
Brokers say everyone is facing premium rises due to the soft market that existed before last year…
07 August 2001
After several false starts and quite a lot of sniping, the National Finance Industry Training Advisory Body has had its General Insurance Standards endorsed…