Rural Victorians are global leaders in insurance taxes
24 July 2001
Victorians pay the world’s highest taxes on their insurance policies, according to a new Deloitte Touche Tohmatsu report. Worst off are country residents, with 45% of their…
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Giants circle RACQ
24 July 2001
The battle for market share in general insurance is continuing, with the industry’s two giants – long-time leader NRMA and brash new challenger Suncorp Metway…
Sydney the fading star, says Hockey
24 July 2001
Financial Services and Regulation Minister Joe Hockey has lashed out at the “arrogance and insolence” of Sydney, a city he is working to turn into a global financial centre…
Turnbull gets a new job
24 July 2001
Merchant banker Malcolm Turnbull hasn’t been out of work long. He is stepping down as co-chairman of Goldman Sachs, but has already been offered work by…
Too many businesses take the risk themselves
17 July 2001
Aon Risk Services MD Peter Harmer is the latest industry leader to raise concerns about the low level of commercial insurance…
NIBA chiefs take their show on the road
17 July 2001
NIBA President David Harris and CEO Noel Pettersen begin a national tour this week to discuss proposed constitutional changes…
Research before you purchase
17 July 2001
The sale of stolen vehicles will be increasingly difficult, according to a new report released by the National Motor Vehicle and Theft Reduction Council…
Immobiliser campaign mobilises in SA
17 July 2001
Meanwhile, the Immobilise Now! campaign has expanded to South Australia, where 20-year-old vehicles and older are the major target of thieves…
June was a tough one for brokers
10 July 2001
The June renewal season was the toughest many brokers can remember…
High court changes ‘claims made’ approach
10 July 2001
Every company director and professional in Australia who holds PI insurance is now entitled to retrospective cover…
NIBA scrambles to beat NSW insurance tax
10 July 2001
NIBA has stepped quickly into the breach to protect brokers’ interests threatened by the controversial NSW Insurance Protection Act…
Lawcover loses more big firms
10 July 2001
The pressure is still on for NSW’s troubled LawCover system – the sole provider of PI insurance for the state’s lawyers…
ICA develops a ‘Millennium Code’ for insurance-buyers
10 July 2001
The Insurance Council is developing a “Millennium Code” to replace its Code of Practice…
Lobbyist takes up post in ICA Melbourne
10 July 2001
ICA has picked an experienced lobbyist to handle its affairs in Tasmania, South Australia and Victoria…
CGU lenders’ mortgage insurance to join PMI
10 July 2001
The consumer watchdog is investigating plans by leading mortgage finance insurer PMI to buy CGU’s Australian and New Zealand Lenders’ Mortgage Insurance…
FSRB passes first hurdle: now for the Senate
03 July 2001
The nation’s MPs yawned their way through a long night last Thursday – they finished at 4am – to push the Financial Services Reform Bill through the House of Representatives…
Top 20: The big are getting bigger
03 July 2001
NRMA remains top of the heap in Australia’s list of the top 20 private sector general insurers…
Royal Commissioner has a tough schedule
03 July 2001
Political critics who thought the Government’s schedule for the HIH Royal Commission was overly long should think again…
Your maths are wrong, ICA tells NSW treasurer
03 July 2001
Bizarre and unprecedented. That’s how ICA Executive Director Alan Mason describes the NSW Government’s $69 million impost on the insurance industry to cover its…
CGU quits IBNA facility, too
03 July 2001
CGU has given 90 days’ notice that it’s quitting the IBNA commercial facility…