Macquarie sets up weather derivatives
21 August 2001
The struggle to find new ways to cover against adverse weather events has spread to Australia, where Macquarie Bank has announced a joint venture with the US-based Aquila…
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Footnote: Ale’s well that ends well
21 August 2001
Insurers and beer-lovers can breathe again. Despite a brewing calamity late last week, Tasmanian boutique brewer J. Boag and Son has escaped relatively unscathed.…
Hockey has even more reforms in mind for insurance
14 August 2001
Just when you thought the reform rush might be starting to slow down a little, along comes the HIH collapse and its attendant royal commission to give the legislators…
Insurers prepare to fight the tax battle
14 August 2001
Minister Hockey’s invitation to take the “most taxed insurance in the world” argument to the HIH royal commission is reportedly being taken up by the insurers with…
ICA tackles e-commerce crime
14 August 2001
E-commerce crime costs the global community around $3 trillion dollars a year, according to the experts…
HIH royal commission picks ex-BHP man
14 August 2001
Former BHP company secretary Richard St John has been appointed secretary to the HIH royal commission…
FSRB regulations imminent
07 August 2001
Insurance associations around Sydney, as well as the large insurance and broking bodies, are waiting with bated breath for the first FSRB regulations to start spewing…
Hanks represents NIBA
07 August 2001
Former senior public servant John Hanks will represent the interests of NIBA on a new implementation consultative committee formed by Financial Services and…
Vic WorkCover brings home the bacon
07 August 2001
Victoria’s WorkCover scheme has achieved a financial turnaround that may see it fully funded in three years…
HIH blamed for big premium rises
07 August 2001
Rising premiums are creating havoc for a range of events and businesses – and HIH is copping the blame…
Public liability: who is to blame?
07 August 2001
Brokers say everyone is facing premium rises due to the soft market that existed before last year…
NFITAB’S training standards endorsed
07 August 2001
After several false starts and quite a lot of sniping, the National Finance Industry Training Advisory Body has had its General Insurance Standards endorsed…
Self-insurers go private
31 July 2001
Even though the Queensland Government’s National Competition Policy Review has not recommended opening up the state’s workers’ compensation scheme to…
Lawyers wanted an unregulated insurer
31 July 2001
LawCover, the NSW monopoly insurer for lawyers, tried to start up a new insurance operation that would have been outside the control of APRA…
Brokers, agents show keen interest in NIBA plans
31 July 2001
NIBA President David Harris and CEO Noel Pettersen have completed their first part of their national tour expressing delight at the interest being shown in plans to expand…
Record fire taxes for Vic
31 July 2001
Underinsurance in regional Victoria is likely to get worse when a record increase in fire services tax hits regional Victoria…
Hockey stands firm: October 1 or bust
24 July 2001
Financial Services and Regulation Minister Joe Hockey is adamant – the Financial Services Reform legislation will be enacted on Monday, October 1…
NCP back in the spotlight
24 July 2001
Queensland has become the fourth state to complete a review of its statutory insurance schemes as required by the National Competition Policy…
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…
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…