Risk managers weigh in
01 May 2001
APRA’s role – or lack of it – in the HIH collapse has brought calls for a regulatory overhaul from Australia’s leading corporate risk organisation…
Local
Insurance emigration seen as a danger
01 May 2001
The amount of Australian corporate business being placed on the London market could see the local insurance market’s influence reduced even further, according to some…
Insurers have a social duty, says Premier
01 May 2001
Do insurers have a social responsibility to their policyholders? Most major insurance CEOs might say no…
New chief on ICA agenda
01 May 2001
The fallout from the HIH collapse will probably dominate discussions at ICA’s annual general meeting tomorrow, although CEOs will doubtless be heartened by indications of…
Business upbeat about the future
01 May 2001
It’s not all gloom and doom on the business front…
Car theft is still a growth industry
01 May 2001
Initiatives to curb the rate of motor vehicle thefts in Australia aren’t biting yet…
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…
HIH: It just keeps getting worse
17 April 2001
The HIH collapse is now shaping up as one of the worst in Australian corporate history…
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…