Industry welcomes FSRA changes
03 May 2005
The financial services sector appears united in its support of the package of refinements for the FSRA, with all major industry associations signalling their intention to be a part of…
Local
Former HIH MD jailed
03 May 2005
Terry Cassidy, the former MD of HIH’s Australian operations, will be out of jail next February after serving 10 months of a 15-month sentence after pleading guilty…
AICLA brings in a sea change
03 May 2005
For two days this week, claims experts will gather in Sydney for the 2005 Australasian Claims Convention…
Pearce set to fix FSRA
27 April 2005
It was all smiles at NIBA last week following a meeting with Parliamentary Secretary to the Treasurer Chris Pearce…
Tax relief all round, but not for insurance
27 April 2005
Federal Treasury wants to abolish a range of state and territory taxes worth $4.4 billion – but there’s no sign it will propose such a move for taxes on insurance…
WorkCover exit fee added
27 April 2005
Victoria has been looking for a way to deter locally based national companies from leaving the state workers’ compensation scheme, and it may have found it…
Williams and Adler settle in
27 April 2005
Former HIH director Rodney Adler and MD Ray Williams have been transferred from high security Silverwater prison in Sydney to the jails where they will serve…
Regulation, flood key NZ issues
27 April 2005
Government regulation, underinsurance, flood, taxes, fraud and improving the industry’s image are the top priorities for the Insurance Council of New Zealand…
Melbourne stockbroker starts up insurance business
27 April 2005
Melbourne-based stockbroker Austock has started up an insurance broking arm to sell professional indemnity insurance to fellow stockbrokers…
Carpenter joins JLT’s top table
27 April 2005
Jardine Lloyd Thompson Australia MD Brian Carpenter has been appointed to the international group’s executive committee, which manages the group’s day-to-day operations…
Responses to Ombudsman paper sought
27 April 2005
This weekend is the deadline for responses to an independent review of the Insurance Ombudsman Service…
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…
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…