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Ratings go online

01 May 2001

If you’ve ever wondered how Standard & Poor’s and other ratings agencies arrive at their decisions, the establishment of a new website for Australia and New Zealand…

HIH roundup

24 April 2001

The shockwaves from the HIH collapse continue to grow…

Don’t bank on a levy

24 April 2001

NSW Premier Bob Carr’s call for a levy on all existing insurance policies to finance the HIH claims shortfall was an opportunity QBE MD Frank O’Halloran couldn’t resist…

The score so far…

24 April 2001

Apart from the millions of dollars in claims owed to personal lines policyholders, the situation regarding many commercial lines is causing concern…

Strikes threaten comp reforms

24 April 2001

The troubled NSW workers’ compensation system is being changed again, leading to the usual round of statewide strikes…

WA system settling down

24 April 2001

WA’s new Labour Relations Minister John Kobelke is “hastening slowly” to implement changes in the state’s workers’ compensation scheme…

Dodd goes, his payout lingers

17 April 2001

Latest word on the dramas at NRMA: CEO Eric Dodd, who was fired by the board when he refused to voluntarily stand down, is understood to be seeking a $6 million severance payout…

Payments will take up to 10 years

17 April 2001

Mr McGrath, who was appointed as the provisional liquidator on March 15, doesn’t expect much money to be forthcoming to creditors for a long time…

Hand over the $50 million, brokers told

17 April 2001

The HIH provisional liquidator has politely pointed out to brokers that they must comply with their statutory obligations under the Insurance (Agents & Brokers) Act…

States take action

17 April 2001

The WA Government will impose a 5% levy on its workers’ comp premiums to cover expenses relating to the collapse of HIH…

US action looms

17 April 2001

Complicating the HIH legal picture even further is the intervention by three large US fishing groups insured by the company’s North American operations…

New fuel hurts 10,800 old engines

17 April 2001

Low-sulphur diesel fuel being sold in Queensland and northern NSW has led to nearly 11,000 insurance claims from vehicle owners…

FSRB – no surprises, yet

10 April 2001

The Financial Services Reform Bill, introduced into Federal Parliament last Thursday, contains few surprises…

But wait, there’s more…

10 April 2001

Some of the disclosure requirements are not yet known, and analysts are cautioning that the scope being designed into the legislation for ASIC could cause future problems…

HIH: Scale of the damage is becoming clearer

10 April 2001

As the dimensions of the HIH collapse become clearer – and lawyers begin to recruit disgruntled stakeholders for a class action against the company and its directors…

HIH isn’t typical: APRA

10 April 2001

APRA has felt the need to issue a media release reassuring the public that HIH is “not typical of other large insurance companies”…