ICA Board Planning Day
18 September 2001
The Insurance Council has held a “board planning day” with its executives and directors to discuss image-building…
Local
Big brokers count the cost in personal terms
18 September 2001
It will still be some time before the final death toll from the World Trade Centre is known…
Moody’s forecast: that was then, this is now…
18 September 2001
Ratings agency Moody’s is still forecasting a bright future for the general insurance industry in Australia, despite the HIH collapse…
Arthur J comes to town
18 September 2001
International insurance broker and risk manager Arthur J Gallagher has signed a letter of intent to acquire a 100% interest in its Australasian subsidiary…
Elders pulls out of Steadfast
11 September 2001
Yet another insurer has pulled out of an underwriting arrangement with a cluster group…
ICA invites other groups to join its legal effort
11 September 2001
With the HIH Royal Commission building up a head of steam, the insurers are looking to present a united industry face…
IT takes centre stage at NIBA Convention
11 September 2001
Brokers attending next month’s NIBA Convention have been given an opportunity to learn more about the IT systems available on the market…
Courts out of favour
11 September 2001
Australia’s largest companies are opting for voluntary mediation rather than proceeding with litigation, according to law firm Minter Ellison…
Discrimination payout turned away
11 September 2001
Flexible work arrangements for employees may be in jeopardy after the largest discrimination damages award ordered in Victoria was sent back on appeal to the state’s Civil and…
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…
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…