Tort reform is making lawyers more creative
01 March 2005
Despite assertions by the legal fraternity that insurers are cashing in on tort reform, the introduction of tort reform hasn’t been all smooth sailing for the industry…
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Combining industry strengths the way to move forward
01 March 2005
The public doesn’t distinguish brokers from underwriters, so the industry needs to work together to build its strengths, says new NIBA President Steve Ball…
No-fault not the way to go, says Swiss Re
01 March 2005
The NSW Government should steer away from introducing a no-fault system to compensate personal injury victims, says Swiss Re New York Senior Economist Thomas Holzheu…
Smash repairers angered by IAG’s option fee
01 March 2005
Insurance Australia Group is back in the smash repairers’ firing line…
Whitlam wins against IAG
01 March 2005
Former IAG Chairman Nicholas Whitlam has won damages from the insurance group after the NSW Supreme Court found it had acted unconscionably in delaying…
Premium drops – proof in the pudding?
22 February 2005
The Australian Competition and Consumer Commission’s latest report into public liability insurance says rates have dropped by 15%…
Optus wins the right to step outside
22 February 2005
Paving the way for future large companies, the Federal Court has allowed Optus to leave a state workcover scheme and join the Federal Government’s Comcare scheme…
Flood cover would have to be compulsory: ICA
22 February 2005
The next challenge to the Australian insurance industry’s reputation is as close as the next flood, according to ICA Executive Director Alan Mason…
Aon wins Hobart Ports contract
22 February 2005
Aon Australia has won the three-year insurance tender for transport infrastructure company Hobart Ports Corporation…
Brokers report rates stability
15 February 2005
Insurers may have their reasons for maintaining that market rates are holding up…
Payout for sandbank injury the last of its kind
15 February 2005
A $3.75 million jury verdict for a Sydney man paralysed in a swimming accident on Bondi Beach nearly eight years ago was upheld by the High Court last week…
NSW proposes no-fault compo scheme
15 February 2005
The NSW Government has responded to the Guy Swain court decision by proposing a no-fault compensation scheme for people who won’t be able to claim under the state’s…
Doctors jump at compo scheme
15 February 2005
While the lawyers are unhappy, Australian doctors think a no-fault scheme system is a great idea…
Lifesavers applaud tort reform
15 February 2005
Surf Life Saving Australia – which was slammed with massive public liability rate increases only 18 months ago – is very happy with the tort reform process…
Storm damage hits $245 million
15 February 2005
Storms which lashed NSW, Victoria, Tasmania and south-east Queensland last week have caused $245 million of insured damage, according to the Insurance Disaster Response Organisation…
Local reinsurers hold the line on prices
15 February 2005
Reinsurers operating in Australia have not been tempted to cut premium rates in the same way as their UK counterparts, according to a leading reinsurer in the local market…
Fire victims pay the price for underinsurance
15 February 2005
Bushfire victims on the Eyre Peninsula will face multi-million dollar rebuilding costs due to widespread underinsurance…
UAC elects new board
15 February 2005
Dexta CEO Bob Lee has been re-elected Chairman of the Underwriting Agencies Council (UAC) following its annual general meeting…
Adler faces criminal court
08 February 2005
Former HIH Director Rodney Adler is due to return to court today to face three charges of manipulating the share market and two of making false or misleading statements…
Big bill for big blow
08 February 2005
Storms that ravaged parts of NSW, Victoria, and Tasmania last week are likely to result in an insurance bill of more than $120 million…