Claims technicians get their own institute
24 August 2004
A new industry body, the Institute of Claims Technicians, will be launched in Sydney next month to meet the educational requirements of loss adjusters…
Local
Relief over NZ storm damage
24 August 2004
Recent storms in the central and lower North Island of New Zealand have not caused as much damage as first expected, according to the Insurance Council of New Zealand…
New referee at IEC
24 August 2004
Is this a case of poacher turning gamekeeper? Prominent litigation lawyer John Price has joined Insurance Enquiries and Complaints as its new referee…
Costello warns on passing back benefits
17 August 2004
Federal Treasurer Peter Costello wants insurers to balance their desire for profits with their responsibility to give policyholders a fair deal…
UFI business understated, says ICA
17 August 2004
Figures on the amount of insurance written by unauthorised foreign insurers dramatically understate the extent of the problem, according to ICA Executive Director Alan Mason…
Kiwi brokers tie the knot at last
17 August 2004
After several years of negotiation, New Zealand’s two broker organisations have finally voted to unite under one banner…
Tighter NZ regulation on the way
17 August 2004
Regulation for New Zealand’s insurance industry is certainly on the way, but as yet the Government hasn’t figured out what form it will take…
Insurers want an independent smash repair inquiry
17 August 2004
ICA has called for an independent inquiry following a recent announcement that the Federal Government will introduce a voluntary code of practice covering the relationship…
Flood cover ranks high
17 August 2004
The issue of flood insurance – or at least the lack of it – still hangs over the insurance industry as a problem that endangers its newfound community credibility…
ACA questions policyholder report
17 August 2004
The ACA has questioned the purpose of the Federal Government’s report on financial system guarantees following the HIH Royal Commission recommendation…
Extension granted for HIH liquidator
17 August 2004
HIH Insurance liquidator Tony McGrath has been given another extension in his investigation of the company’s $5.3 billion collapse…
Insurance complaints fall
17 August 2004
The number of written complaints to Insurance Brokers Disputes is continuing its two-year decline…
Competition brings softer market… but can the industry handle it?
10 August 2004
A new survey by JP Morgan and Deloitte has confirmed what brokers have already told the world – increased competition is driving commercial insurance rates down…
Insurers warned about blackouts
10 August 2004
The possibility of electricity blackouts this summer on the same scale as last year may require some insurance companies to check their policy wordings…
Builders up in arms
10 August 2004
Victorian builders are fed up with the builders’ warranty insurance system, a scheme they say is failing consumers and builders alike…
Costello warns on asset shifting
10 August 2004
As the James Hardie inquiry nears the finish line, the Federal Treasurer has made it clear that companies will not be able to avoid compensation liabilities…
Privatisation for last state insurer?
10 August 2004
The Northern Territory Government has reportedly considered selling the last taxpayer-owned general insurer in Australia, the Territory Insurance Office…
Optus gets green light to self-insure
10 August 2004
Optus has been allowed to self-insure nationally and move out of various state workers’ compensation schemes, despite the Federal Government’s opposition…
Crashes and smashes: another code for insurers
10 August 2004
Here comes another code of practice. Small smash repairers are set to benefit from a Federal Government incentive to prevent motor vehicle insurers favouring larger repairers…
Landmark vote to occur at NZ event
10 August 2004
Members of New Zealand’s two broker associations gather in Rotorua tomorrow for crucial meetings that are expected to see the two groups vote to combine under one banner…