Brokers’ PI softening
11 May 2004
NIBA members will benefit from a softening in professional indemnity premiums when they renew their policies with the NIBA facility, says board member Alan Bishop…
Local
Better PI policy wordings needed
11 May 2004
Meanwhile, a PI expert has called on insurers to provide better policy wordings and endorsements if the market in Australia is to improve…
Supporters get behind training body
11 May 2004
A decision to disband the National Financial Industry Training Advisory Body has been condemned by NIBA and the Insurance Council of Australia…
Potts review: it’s coming… slowly
11 May 2004
The Federal Government’s report into the use of discretionary mutual funds and unauthorised foreign insurers being undertaken…
NRMA launches bushfire mapping
11 May 2004
NRMA Insurance has completed its first operational flight from Cessnock to Sydney using FireScan, a new “bushfire management” tool aimed at mapping areas…
ICA prepares new code for public scrutiny
04 May 2004
A draft General Insurance Code of Practice will be released in the next couple of months by the Insurance Council of Australia…
Reinsurers pay back FAI, with interest
04 May 2004
General Re Australia (GRA) yesterday paid $27.2 million to the FAI liquidator as part of an enforceable undertaking provided to ASIC…
Victorian lawyers face PI hike
04 May 2004
Some Victorian criminal barristers are likely to face professional indemnity increases of up to 50% if their peak body, the Victorian Bar, decides to obtain coverage…
ANZIIF launches planners’ course
04 May 2004
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) says it will soon offer financial planning courses as the peak body supporting planners…
Carpark prangs cost $100 million a year
04 May 2004
New industry statistics show that thousands of minor carpark accidents run up a damage bill of more than $100 million a year…
Award nominations arrive
04 May 2004
ANZIIF’s 2004 Insurance Industry Awards are attracting “outstanding nominations from all sectors across award categories”…
From FSRA to IFRS…
27 April 2004
Just as the industry finally settles into the Financial Services Reform Act, the Federal Government has firmly implanted another acronym into the industry’s brain…
ASIC wants to measure IFRS
27 April 2004
ASIC has issued an amendment to the International Financial Reporting Standards to ensure companies disclose the impact of the new standards on their businesses…
APRA releases public liability database specifications and defers start date
27 April 2004
The Australian Prudential Regulation Authority (APRA) has released the final specifications for the National Claims and Policies Database…
Database should apply to UFIs, says ICA
27 April 2004
The Insurance Council of Australia has welcomed the release of the final specifications for the National Claims and Policies Database…
NZ brokers move closer to unity as regulation looms
27 April 2004
New Zealand brokers are making slow but steady progress towards a unity vote in August, with a bulletin to members of the two broker associations…
More time for HIH liquidator
27 April 2004
HIH liquidator Tony McGrath has been given another six months to pursue individuals and companies over the insurer’s $5.3 billion collapse in 2001…
Cancer case could add to consumer burden, says QBE
27 April 2004
Top five Australian insurer QBE is standing firm: it says its ill-fated appeal against a case brought on by a breast cancer patient who was refused travel insurance…
HIH report: one year on and still so much to do
20 April 2004
The insurance industry has used the one-year anniversary of the HIH Royal Commission report as a reason to confront federal and state governments’ slow reactions…
Director to face HIH charge
20 April 2004
While the legislature is slow to act over the HIH collapse, the corporate regulator has also been under scrutiny…