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…
Local
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…
Morgan back at IAAA
20 March 2001
Murray Morgan has quit OAMPS a few weeks after joining the insurance group…
Search on for new RACV chief
13 March 2001
RACV Chief Executive Ted Johnson is retiring in a few months, and the hunt is already on for his replacement…
Online viruses causing concern
13 March 2001
Amazed by how easily and quickly computer viruses like “Anna Kornikova” and “the naked wife” got into your system? You should be…
Fake broker goes to jail
13 March 2001
ASIC continues to apply pressure on insurance brokers who aren’t toeing the legislative line. Among the latest developments – admittedly an extreme case - is the jailing in Melbourne…
Broker drops cancelled licence case
13 March 2001
Meanwhile,Town and Country Insurance Brokers of Dubbo has withdrawn its appeal against its suspension by ASIC…
NIBA worries at bad publicity
13 March 2001
NIBA CEO Noel Pettersen has defended the reputation of brokers against a seemingly endless stream of negative media releases coming from ASIC…
Immobiliser campaign expands
13 March 2001
The Immobilise Now! Campaign, which encourages the owners of older vehicles to fit anti-theft electronic ignition immobilisers at relatively low prices, has moved on to NSW and the ACT…
Foot and mouth insurance unlikely
13 March 2001
Livestock and dairy farmers in Australia are worried about the foot and mouth disease outbreak in Europe. They should be, because most of them aren’t insured against…
Brokers warned over goodwill
13 March 2001
ASIC has called on brokers to take care with their annual returns. One major problem concerning the regulator’s bean-counters is the way intangible assets…
Pressure mounts on HIH
06 March 2001
HIH is still struggling to form its own understanding of exactly what its financial position is, while having to withstand unwelcome sniping from the sidelines…
S&P's downgrades HIH
06 March 2001
Not unexpected was the announcement by Standard & Poor’s last week that it has downgraded HIH’s “core operating entities” from BBB+ to BBB-, with a negative creditwatch…
WA brokers merge
06 March 2001
Three Western Australian brokers have combined their operations to form a company that they hope will allow them to grow faster and bigger in the relatively static WA market…
Sports insurance deters big players
27 February 2001
Big losses and low rates are driving some major insurers out of the sports insurance market…
419 advertisers line up for FICS
27 February 2001
The Financial Industry Complaints Service is opening its doors to another 419 advisers, thanks to a “recruitment drive” conducted by ASIC…
Marsh gets back in the air
27 February 2001
Marsh has re-established a specialist aviation insurance practice following the return of John Buckley to its ranks…
'The institute' makes its entrance
27 February 2001
The Australian and New Zealand Institute of Insurance and Finance was officially launched in Sydney last week…
RACV acts over computer system
27 February 2001
Major Victorian insurer RACV is taking court action against computer giant Unisys over the installation of its online claims handling system…