Council wins appeal over $9 million liability claim
03 August 2004
Councils all over Australia were breathing a sigh of relief last week after the NSW Court of Appeal upheld a Supreme Court ruling that the Coffs Harbour City Council…
Local
NZ floods will only marginally affect profit, says S&P
03 August 2004
Credit ratings agency Standard & Poor’s says recent flood and earthquake damage in the Bay of Plenty region of New Zealand will cost the country’s insurance industry…
James Hardie: Bigger than HIH?
03 August 2004
Now that the final written submissions to the James Hardie commission of inquiry have been received, it seems the corporate scandal is shaping up to rival the HIH collapse…
Sunrise Exchange wins award
03 August 2004
Sunrise Exchange has been named Technology Innovation of the Year in the Asia Insurance Review/Australian and New Zealand Institute of Insurance and Finance Industry Awards…
O’Halloran takes ‘personality’ award
03 August 2004
QBE Insurance CEO Frank O’Halloran was named Insurance Personality of the Year at the Asia Insurance Review/ANZIIF Awards…
Big gaps in awards list
03 August 2004
The Asia Insurance Review/ANZIIF awards failed to gather the united support of the industry, with some leading companies declining to be involved because the event was seen…
NFITAB first to rank education courses
03 August 2004
The National Finance Industry Training Advisory Body will enter new territory as it develops a scheme to collect data and rank every education program…
WA audit positive on fire levy change
03 August 2004
An audit showing that consumers have benefitted from the removal of the fire services levy on insurance policies in favour of a levy on all property owners…
RIBA opens new Victorian office
03 August 2004
The Regional Insurance Brokers Association opened an office in the Victorian city of Ballarat yesterday…
Cluster looks to overseas brokers
03 August 2004
National broking cluster IBNA has taken on an overseas brokerage – something that the other major clusters have also been contemplating…
Industrial manslaughter legislation not the answer, says insurer
03 August 2004
Introducing industrial manslaughter under the Crimes Act – an offence that could mean 25 years in prison for employers and fines up to $1.25 million…
Rates have peaked, say brokers
27 July 2004
The cost of insurance seems to have reached a plateau, according to figures from the latest NIBA survey…
D&O cover costs more
27 July 2004
The Corporations and Markets Advisory Committee – an expert group that advises the federal Treasury – says D&O premiums have risen up to 50% a year since 2001…
NZ boss defends insurers against minister’s attack
27 July 2004
New Zealand insurers have had bad luck with natural disasters recently, and the floods that hit the eastern North Island almost a fortnight ago have led to a political attack…
NIBA seeks tenders on PI scheme
27 July 2004
NIBA is calling for expressions of interest to manage its professional indemnity scheme…
IBD on the move
27 July 2004
Insurance Brokers Disputes, which handles complaints by clients against their broker, has moved office to a Melbourne building sometimes called “Complaints Central”…
Another Olympics for Freida
27 July 2004
Ebsworth & Ebsworth partner Freida Stylianou has been invited to join the risk management team for claims-handling issues at the Athens Olympic Games next month…
NZ insurers face more big flood payouts
20 July 2004
New Zealand insurers face another round of flood payouts after heavy rain swept through the eastern North Island at the weekend…
APRA to enforce new disaster planning standards
20 July 2004
General and life insurers will have to undertake disaster planning if the Government’s draft prudential standard on business continuity management is passed…
Knott to assist ICA with new code
20 July 2004
ICA has enlisted former Australian Securities and Investments Commission Chairman David Knott to help in processing public submissions…