At last! FSRA is here
16 March 2004
It was drinks all round for the industry last week as March 11 brought with it the long-awaited, much-dreaded and debated Financial Services Reform Act…
Local
NZ storms expose big problem
16 March 2004
Storms that ravaged parts of New Zealand’s North Island have helped to expose inefficiencies in the country’s infrastructure and trades network…
Foreign insurers review missing
16 March 2004
Remember Gary Potts, the former Treasury mandarin who was commissioned to review the situation regarding unauthorised foreign insurers..?
Extension for HIH liquidator
16 March 2004
HIH liquidator Tony McGrath has won more time to pursue five companies for damages in relation to the $5.3 billion collapse of insurance giant HIH in 2001…
Insurers should increase focus on small businesses, says survey
16 March 2004
Nearly 65% of all home-based businesses are operating with either the wrong type of insurance or no cover at all, according to a study by the Business Enterprise Centre Australia…
ANZIIF launches in HK
16 March 2004
ANZIIF has opened a Hong Kong branch in a bid to provide education programs to the wider Asian market…
WGB wins compo business
16 March 2004
Wyatt Gallagher Bassett has won a tender to provide Victorian Police with workers’ compensation services…
Brokers lose disclosure fight
09 March 2004
The Federal Government has killed any hope of brokers getting relief for disclosure requirements in Financial Service Guides under the Financial Services Reform Act…
NZ storms stretch insurers, adjusters
09 March 2004
A record number of claims is testing New Zealand insurers after three major storms in the past month…
Industry data collection a step closer
09 March 2004
The industry data collection system proposed by the Insurance Council of Australia last year is a step closer to implementation, says ICA Executive Director Alan Mason…
ICA pushes HIH recommendations
09 March 2004
Mr Mason also told the conference the industry hasn’t forgotten about the recommendations of the HIH Royal Commission…
Monty goes easy on insurers
09 March 2004
Cyclone Monty, which hit mining towns in the north-west of Western Australia last week, hasn’t caused insurers any particular problems…
Industry praises tort reform
09 March 2004
While the positive effects of tort reform on public liability insurance are beginning to appear, the Insurance Council disputes media reports that it has boosted insurers’ profits…
Coonan tells of medical indemnity fears
09 March 2004
Assistant Treasurer Senator Helen Coonan believes Australia’s health care system would not function properly without effective indemnity cover to protect doctors and consumers…
Adler loses bid to stop trial
09 March 2004
Rodney Adler has lost his bid for a permanent stay of criminal proceedings for allegedly manipulating the stock market…
Kiwi, Taiwanese win Corrigan award
09 March 2004
A New Zealand project manager has won the local component of the inaugural Peter Corrigan International Exchange Award…
Premium rises slowing, says Coonan
02 March 2004
The tort reforms of the past couple of years are starting to affect premiums, according to state and federal ministers attending Friday’s seventh ministerial meeting on insurance issues…
Marsh set to buy local Heath Lambert arm
02 March 2004
International broker Marsh is negotiating to buy the Australian operation of British broker Heath Lambert…
IAG executive to succeed Wagstaffe at CGU
02 March 2004
Mario Pirone, IAG Group Executive Asset Management, will head up the group’s CGU intermediary business when Bob Wagstaffe retires from the company in August…
No need to open the books, says ICA
02 March 2004
Three South Australian MPs are campaigning to force insurers to open their books on public liability premiums…