Ray Williams to appeal ‘excessive’ sentence
19 April 2005
Lawyers for HIH Insurance founder and CEO Ray Williams say he will appeal the four and a half year jail sentence handed down for his role in the company’s 2001 collapse…
Local
More face court over HIH
19 April 2005
Two players on the HIH Royal Commission’s list of 18 men have been jailed, but there are still a number of executives who are yet to face court…
Top three quit Club Marine
19 April 2005
The private pleasurecraft insurance market is in for a shake-up up with the sudden departure from Allianz Australia subsidiary – and market leader – Club Marine of CEO Paul Wilson…
Former politician: insurance doesn’t need regulation
19 April 2005
Former NZ Attorney-General and Justice Minister Jim McLay doesn’t believe the country’s insurance industry needs regulating…
No-fault compo package on its way, says NSW
19 April 2005
The NSW Government’s proposed no-fault compensation scheme for catastrophically injured people is on its way, but the details about who it will apply to and how it will be funded…
Pearce prepares paper on FSRA changes
19 April 2005
A series of roundtable discussions are planned for a review of the Financial Services Reform Act…
NZ insurers want more police
19 April 2005
The Insurance Council of New Zealand says the country doesn’t have enough police…
Watch out for UFOs – or insure against abduction
19 April 2005
The Australian Consumers’ Association has published a list of “junk insurance”, which details a range of bizarre insurance policies on the market…
Another El Niño on the cards
19 April 2005
Climate researchers say weather patterns across the Pacific indicate an increased likelihood of an El Niño event occurring later this year…
Insurance industry improvements applauded
12 April 2005
Some state and territory ministers might not have wanted to hear it, but the message delivered by Federal Assistant Treasurer Mal Brough to a meeting with them…
To pay or not to pay… it’s all in the wording
12 April 2005
Two court decisions considering whether insurers should pay the court costs of executives facing criminal charges if they have acted dishonestly drew public attention last week…
Adler and Williams to discover their fate
12 April 2005
More than four years after the collapse of HIH, two of the major players in the drama, Rodney Adler and Ray Williams, will finally face court this week to hear what their punishments…
Report warns on natural hazards
12 April 2005
Tropical cyclones and floods have caused more than 70% of known natural hazard deaths since European colonisation of Australia began in 1788, according to a new report…
Brokers nut-out key issues
12 April 2005
The cost of FSRA compliance and the brokers’ code of practice have been big discussion points at the first two meetings in NIBA’s annual Sundowners…
Stockbroker ruling good news for brokers… maybe
05 April 2005
A Federal Government decision not to impose further regulation on stockbrokers over conflicts of interests may be good news for the insurance industry as it awaits the results…
James Hardie sets back payout timetable
05 April 2005
The signing of James Hardie Industries’ new $1.5 billion compensation settlement for asbestos victims has been delayed as a result of legal complications…
S&P drops AIG ratings
05 April 2005
Standard & Poor’s has lowered the long-term credit and senior debt ratings on US-based AIG to AA+ from AAA, and lowered the credit and financial strength ratings…
Yet another wait for smash repairer resolution
05 April 2005
The Productivity Commission’s inquiry into smash repairers has been submitted to Federal Parliament…
IBANZ set to be launched
05 April 2005
The Insurance Brokers Association of New Zealand is about to emerge as a new force in the NZ financial services industry, with its official launch scheduled for April 14…
NIBA Sundowners kicks off
05 April 2005
The annual NIBA Sundowners program – launched last year to take the association’s message to major centres across Australia – kicked off in Perth last night…