Potts report ‘scratches the surface’
01 June 2004
Federal Treasury will allow discretionary mutual funds and unauthorised foreign insurers to continue to operate in Australia without adhering to local prudential requirements…
Local
ICA welcomes protection plan
01 June 2004
Another report directly related to HIH recommendations – a study by Professor Kevin Davis into financial system guarantees – has been more positively received…
Adler loses High Court appeal
01 June 2004
Former FAI Insurance MD Rodney Adler has lost a High Court appeal to overturn his 20-year directorship ban and fine of $450,000 over his involvement in the $5.3 billion collapse…
Local heavy vehicle cover will stay up, says insurer
01 June 2004
Speculation that rates for high-risk insurance classes like heavy motor vehicle will plateau and even drop in the next two months is unrealistic…
Barristers keen to shrink occupational liability with scheme
01 June 2004
The NSW Bar Association is proposing a scheme to limit barristers’ civil liability through the establishment of a professional standards scheme and has invited barristers’ clients…
Premiums should reflect profits, says consumer chief
25 May 2004
Australia’s insurance industry should be congratulated for its efforts in returning to profitability – but it’s time to pass on some of that good fortune to consumers…
Local industry’s outlook is beaut, says S&P
25 May 2004
It’s all looking good for Australia’s general insurance industry this year, says ratings agency Standard & Poor’s…
Market wrap: the jury’s out on premium rises
25 May 2004
Brokers are already hard at work on the next round of policy renewals, and many say they are positive policyholders will benefit from some relief…
Risk managers join WA stamp duty protest
25 May 2004
The WA Government’s proposal to change the way it levies stamp duty on insurance policies will discourage investment in the state, says Brad Greer…
Tree decision offers reprieve for councils
25 May 2004
The NSW Court of Appeal has found Dungog Shire Council not negligent for failing to inspect roadside trees after a woman suffered significant injuries…
NIBA targets students as future brokers
18 May 2004
Secondary students in South Australia will soon be able to complete their Certificate 3 in insurance broking, thanks to an initiative between NIBA and the SA Department of Education…
Sports cover may get cheaper
18 May 2004
Liability premiums for sporting clubs and associations may drop in the next year, according to two leading industry sources…
Cash boost for art insurer
18 May 2004
Art Indemnity Australia – a Commonwealth-supported program focused on providing Australians with access to the world’s great art exhibitions…
Lifesavers may insure themselves
18 May 2004
Surf Life Saving Australia is looking to self-insure because it says it cannot afford excessive public liability premiums…
CGU to enter home warranty market
18 May 2004
IAG subsidiary CGU has entered the NSW and Victorian home warranty markets, boosting competition and availability in the once ailing sector…
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…
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…