Underinsurance remains an issue
02 March 2004
Another scathing article on insurers’ response to the 2003 Canberra bushfires has pushed the industry to strengthen its focus on underinsurance…
Local
ACCC backs medical indemnity prices
02 March 2004
An Australian Competition and Consumer Commission report into medical indemnity insurance – prompted by Prime Minister John Howard’s 2003 commitment…
Insurers pass ACCC test No 2
24 February 2004
Premium rises are stabilising and even liability rate rises are slowing, says the Australian Competition and Consumer Commission…
NZ storms hit hard
24 February 2004
The estimated insured damage bill for the fierce storms that lashed NZ’s lower North Island last week is likely to exceed the $100 million mark…
NZ storm claims swamp insurers
24 February 2004
New Zealand insurers and claims specialists are being run off their feet dealing with claims from last week’s storms…
Code of Practice goes missing
24 February 2004
Where is the Australian insurance industry’s new code of practice..?
AssetInsure gets thumbs up as new market underwriter
24 February 2004
APRA has granted Australian-owned AssetInsure – which bought the business of Gerling Global Reinsurance – a general insurance licence…
Confidence up in new industry survey
24 February 2004
Business and consumer confidence in the performance and financial stability of insurers has improved significantly over the past 12 months…
Insurance complaints drop
24 February 2004
A record drop in the number of complaints referred to the General Insurance Enquiries and Complaints Scheme was recorded during 2002/03…
Corrigan award finalists selected
24 February 2004
Ten Australian, NZ and Asia-Pacific insurance professionals have been selected by an eminent panel as finalists for the inaugural Peter Corrigan International Exchange Award…
Industry sailors throw a line to lifesavers
24 February 2004
Surf lifesavers were in the news recently over their struggle to pay a $1 million public liability premium…
Industry fights TPA loophole
17 February 2004
The Senate’s refusal to pass key amendments to the Trade Practices Act for the second time in two months has angered insurance industry leaders…
… and politics spur more TPA debate
17 February 2004
Assistant Treasurer Helen Coonan says the Opposition’s stance on TPA reform is ill-informed…
Canberra bushfire victims lash out
17 February 2004
A year after the Canberra bushfires, some victims of the disaster are claiming their insurers didn’t do a satisfactory job…
Wells persists with UFI solutions
17 February 2004
Following a turbulent year for Rural & General Insurance Broking, MD Warren Wells has quit the brokerage and is looking for more insurance opportunities…
Bridge collapse victims win final payout
17 February 2004
Australian victims of the Israeli Maccabiah footbridge collapse, at the opening of the so-called Jewish Olympics in 1997, will soon receive the final payment…
Steadfast’s bid to close market gap
17 February 2004
National broking cluster Steadfast has bought a 10% stake in Global Underwriters in a bid to offer its members more choices when obtaining harder to place risks…
NRMA stands by repairer scheme
17 February 2004
Following last week’s Sunrise Exchange News article about NRMA Insurance being taken to court by the Australian Automotive Repairers Association…
Storm bill soars to $40 million
10 February 2004
The severe storms that swept through Australia’s east coast recently are expected to cost more than $40 million…
NIBA membership booms
10 February 2004
With only a month to go until the FSRA comes into action, NIBA has been inundated with membership applications from brokers and authorised underwriting agents…