AICLA President steps aside
05 October 2004
After two years at the helm, Mark Godfrey is standing down as President of the Australasian Institute of Chartered Loss Adjusters…
Local
Insurers keen to negotiate on asbestos scheme
28 September 2004
Insurance companies are keen to have a say in negotiations between the ACTU and James Hardie Industries as to whether a statutory scheme for asbestos claims…
ASIC doesn’t find much to like about ICA’s code
28 September 2004
Public submissions for the Insurance Council of Australia’s new draft code of practice have now been sent to former ASIC Chairman David Knott for consideration, and the submission…
Turnbull faces court action
28 September 2004
Chief HIH liquidator Tony McGrath has filed a claim against people and organisations involved with FAI Insurance when it was sold to HIH, including merchant banker…
Sydney Water seeks damages from Heath Lambert
28 September 2004
Sydney Water has filed a summons in the NSW Supreme Court against former broker Heath Lambert Group Australasia – since acquired by Marsh – seeking damages…
Smash repair war hots up in NZ
28 September 2004
While the Productivity Commission in Australia gets set to conduct an inquiry into the relationship between the smash repair industry and motor insurance companies…
NSW compo deficit improves
28 September 2004
The NSW Workers’ Compensation Scheme has recorded a $576 million improvement in its financial position, according to NSW Commerce Minister John Della Bosca…
AICLA tackles training void
28 September 2004
Claims professionals met in Sydney last Thursday for the launch of the new training body for people working in the claims sector…
Fraud on the rise
28 September 2004
Fraud takes a lower public profile these days, but a new a Deloitte Forensic survey says corporate fraud is on the rise…
IAG out of Queensland and NSW
21 September 2004
IAG has substantially scaled down its property risk in southern Queensland and NSW because it believes the region is exposed to a greater threat of natural disasters…
Self-insurance plans stymied
21 September 2004
Not surprisingly, the state governments have signalled their resistance to big companies wanting to self-insure nationally and move out of various state workers’ compensation schemes…
NTI expands reach
21 September 2004
National Transport Insurance has opened a new office in Darwin…
CGU pushes intermediary image
21 September 2004
CGU has launched a multi-million dollar advertising campaign to strengthen its positioning as an intermediary-based insurer…
AICLA launches claims institute
21 September 2004
Claims professionals will gather in Sydney on Thursday to help launch the Australasian Institute of Chartered Loss Adjusters’ new brainchild, the Institute of Claims Technicians…
ICA to close Brisbane, Adelaide offices
21 September 2004
The Insurance Council of Australia will close its Queensland and South Australian offices at the end of this year, leaving branches in Sydney, Melbourne and Perth…
Local insurers’ risk measurement falls short
21 September 2004
Australian insurers’ risk measurement frameworks lack sophistication, according to accountants Ernst & Young…
Adjusters want training standards in code
21 September 2004
Loss adjusters are lobbying the industry for an assurance that people performing claims functions are adequately trained…
More M&A activity mooted
14 September 2004
Increased merger and acquisition activity is expected as Australia’s 109 general insurers compete for about 20% of the market, according to a KPMG insurance survey…
Banks eye insurance sector
14 September 2004
Australia’s banks are starting to look closely at the $23 billion insurance sector as a way of maintaining profits as lending slows down…
NZ considers compulsory insurance
14 September 2004
New Zealand Finance Minister Michael Cullen has suggested making property insurance compulsory following revelations of high levels of underinsurance in areas affected…