Auto industry takes on IAG
05 July 2005
The automotive industry and the insurance industry have always had a strained relationship, so it’s no big surprise that the auto industry has decided to challenge the insurance industry…
Local
HIH creditors face payout delay
05 July 2005
Creditors of HIH may have to wait a year longer for their payouts following delays in implementing a scheme that would allow liquidator Tony McGrath…
Industry needs to restore consumer confidence, says Deloitte
28 June 2005
Restoring confidence in the insurance industry in the wake of the Spitzer enquiries will be the No 1 global issue for insurers this year, according to Deloitte’s annual examination…
Long-term care pulling hairs?
28 June 2005
The NSW Government – which is recognised as the one that got the personal injury tort reform ball rolling – has released a discussion paper on Premier Bob Carr’s proposal…
Lawyers keep beating tort reform drum
28 June 2005
Just as the NSW Government has developed a scheme to assist the catastrophically injured, a parliamentary committee has held its fourth public hearing into issues…
Allianz supports vehicle recycling
28 June 2005
Worried about someone sidling up to you at an auction for written-off vehicles and quietly suggesting the Commodore coming up for bid next might cost you your kneecaps…
Adler faces new jail charges
28 June 2005
Evidence last week that former HIH director Rodney Adler was conducting business from his Sydney prison cell has already seen him moved to another higher-security prison…
Inmate acts as Williams’ bodyguard
28 June 2005
Meanwhile, former HIH CEO Ray Williams has been cautioned by warders at NSW’s Cessnock jail for trying to use another prisoner as his personal bodyguard…
James Hardie fund sees more negotiations
28 June 2005
Finalisation of the James Hardie asbestos compensation fund has been set back yet again, despite the NSW Government taking the first legislative step…
Adler disguises business as ‘homework’
21 June 2005
Former HIH Insurance director Rodney Adler is being punished by prison authorities for allegedly trying to run businesses from his cell after only eight weeks…
Good times over for the truck insurance market
21 June 2005
Truck insurer National Transport Insurance says there will be an increase in heavy motor claims for the second half of this year, with the favourable claims environment now over…
NZ market weathering trying conditions
21 June 2005
Reports that bad weather conditions and rising building costs are going to impact the profits of NZ insurers are spot on, according to the Insurance Council of New Zealand…
Dogs won’t lower premiums
21 June 2005
Victorian Police Minister Tim Holding’s comments that people with dogs should get lower insurance premiums misses the point about how premiums should be lowered…
Nothing new in silicosis alarm
21 June 2005
An enquiry being pushed for by Liberal Senator Gary Humphries and Democrats leader Lyn Allison into the effects of silicosis wouldn’t turn up anything new or alarming…
Tweed turns attention to Axa
21 June 2005
Following recent attempts to purchase IAG shares, Melbourne stock market raider David Tweed has been making offers to Axa Asia Pacific Holdings investors…
We’re not for sale, says Zurich
15 June 2005
Zurich Financial Services Australia has fiercely denied rumours it is up for sale, saying it’s one of the Swiss insurer’s best performing businesses outside the US and UK…
How much consolidation is too much?
15 June 2005
Increased merger and acquisition talk has prompted industry observers to question how much more industry consolidation needs to occur…
ICA report ups the ante on tort reform debate
15 June 2005
The Law Council of Australia report which criticised insurers’ returns on capital has been challenged by an independent actuarial report commissioned…
Report shows medical indemnity stabilising
15 June 2005
Medical indemnity premiums and claims trends stabilised last year, according to a report by the Medical Indemnity Industry Association of Australia…
No alarm equals no cover
15 June 2005
The NSW State Government is contemplating introducing measures that will see houses without smoke alarms unable to get home insurance cover…