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…
Local
Election fever only real threat to passage
10 April 2001
The ALP’s Shadow Financial Services and Regulation Minister Senator Stephen Conroy…
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”…
Insurance Council is headless
10 April 2001
Not only the NRMA has been affected by the sudden departure of Eric Dodd…
Recriminations over HIH continue
03 April 2001
Prudential regulator APRA has gone on the offensive as it moves to distance itself from the HIH crash…
A dilemma for brokers
03 April 2001
Key stakeholders in the HIH issue will meet with provisional liquidator John McGrath tomorrow to thrash out some thorny issues…
Insurance and finance – the big earners
03 April 2001
It’s official – the financial services industry is among the fastest-growing sectors of the Australian economy…
Adams joins complaints board
03 April 2001
Graeme Adams, General Manager of Insurance Manufacturers Australia, has been appointed to the board of Insurance Enquiries and Complaints…
Liability boosts risk management emphasis
03 April 2001
Risk management is coming into its own as legislation across Australia emphasises the personal liability of all members of organisations – from the board level down…
Cash injection ensures a healthy industry
03 April 2001
Australia’s health insurers have had a very good year…
US/UK slump hurts HIH
27 March 2001
Badly performing FAI business wasn’t the main catalyst for the downfall of HIH. That much is becoming clear as analysts pour over the failed insurer’s recent history…
What policyholders want to know
27 March 2001
Thousands of HIH policyholders are using a telephone hotline set up by liquidators KPMG over the past week…
Brokers, insurers earn praise
27 March 2001
NIBA Chief Executive Noel Pettersen has heaped praise on insurers and brokers who have worked long hours over to secure ongoing cover for HIH policyholders…
Agencies, brokers flat out after HIH collapse
20 March 2001
Underwriting agencies and brokers around Australia are scrambling to meet the sudden demand for coverage brought about by the collapse of HIH last Thursday night…
How they decided to fold
20 March 2001
The decision to place HIH into liquidation was taken by the company’s board last Thursday after consultants KPMG indicated the six-month loss to December 31…
APRA was ‘surprised’
20 March 2001
APRA Chief Executive Graeme Thompson was surprised by the size of HIH’s estimated $800 million half-year loss, as well as the speed with which it sought provisional liquidation…
Small insurers brace for a backlash
20 March 2001
Smaller insurers should expect a “backlash” from APRA as it sets out to restore its credibility in the wake of the HIH debacle…
Check your position, NIBA tells brokers
20 March 2001
NIBA has recommended that its members immediately seek independent legal advice on what they need to do to protect their own interests…
Gerling didn’t see crash coming
20 March 2001
The management of Gerling Australia, who formed a joint venture with HIH in December, were as surprised as anyone that the financial status of HIH deteriorated so quickly…