APRA stands still on UFI action
29 June 2004
The Australian Prudential Regulation Authority, which was ordered by Treasury to monitor and examine the effectiveness of other jurisdictions’ regulatory systems…
Local
Queries over UFIs
29 June 2004
A former insurance broker who left the industry to enter the pest extermination business has developed a new company which among other things…
June premiums stabilising, says brokers
29 June 2004
Brokers anticipate some rises in commercial insurance rates in the June renewals, but they are not expected to be as high as recent years and probably won’t affect all classes…
Car theft rise bucks the three-year trend
29 June 2004
The number of stolen vehicles reported in Australia increased by 2% in the March quarter, bringing to a halt three years of consecutive reductions…
Training board to be born again
22 June 2004
The National Finance Industry Training Advisory Body is to be re-launched as a self-funded body…
Standard & Poor’s monitors Zurich probe
22 June 2004
Ratings agency Standard & Poor’s is monitoring the Australian Prudential Regulation Authority’s review of Zurich Australian Insurance’s former reinsurance arrangements…
Rates evening out, say brokers
22 June 2004
Rates haven’t dropped during the June renewals period, but they are flattening out, say brokers…
WA workers’ comp changes spark fears
22 June 2004
The WA Government’s proposed reforms to the state’s workers’ compensation scheme are due to be tabled in the WA Legislative Assembly next week…
Would-be insurer seeks underwriter
22 June 2004
Remember Ryan Law, the 22-year-old Melbournian who developed a club to insure members against parking and speeding fines…?
Asbestos legislation due in NSW Parliament
22 June 2004
Asbestos disease legislation will be debated in the NSW Parliament this week, and unions are complaining the possible amendments will relieve insurance companies…
100 apply for awards
22 June 2004
The names of the 65 shortlisted nominees for this year’s ANZIIF/Asia Insurance Review insurance industry awards won’t be disclosed until the presentation dinner in Sydney…
APRA awards students with scholarships
22 June 2004
APRA has awarded scholarships worth $12,500 each to four students under the annual Brian Gray Scholarship Program…
Insurers want a more flexible APRA
16 June 2004
The Insurance Council of Australia wants to work with the Australian Prudential Regulation Authority as it prepares the second stage of its corporate governance reforms…
Draft code disappoints adjusters
16 June 2004
The insurance industry’s new draft code of practice, launched last week in Sydney, has earned qualified praise from consumer groups and even the Federal Government…
Zurich faces reinsurance probe
16 June 2004
Zurich Australia Insurance is under investigation by APRA and ASIC for past reinsurance arrangements…
HIH victims’ scheme short by $172 million
16 June 2004
A review of the HIH Claims Support Scheme by the Australian National Audit Office has revealed that the scheme is $172 million short of being able to pay all claims…
Queensland cuts premium tax
16 June 2004
The Victorian and NSW governments might whinge that Queensland is getting fat on their tax money, but that won’t stop the insurance industry welcoming one small but significant…
NSW fire funding report due
16 June 2004
The NSW Parliamentary Public Accounts Committee is due to hand down its report at the end of this week on whether an insurance-based Fire Services Levy funding model…
Broker predicts business cash problems
16 June 2004
Cashflow problems for many Australian small businesses will “worsen considerably” over the next year, according to National Credit Insurance Brokers…
Draft code of practice launched
08 June 2004
The Insurance Council of Australia launched the revised General Insurance Code of Practice consultation draft this morning aiming to lift standards beyond the requirements…