Quake claims to total $2 million
26 August 2003
The damage bill from last week’s New Zealand earthquake will top $2 million, according to the country’s Earthquake Commission…
Local
Swiss Re sells up
26 August 2003
Swiss Re is reportedly close to completing its sale of major Australian property assets, with its former national headquarters in Melbourne the latest building…
Coonan hails Adelaide talks achievement
19 August 2003
Professionals in Queensland will be at a significant disadvantage after their state government decided to refuse to apply proportionate liability to consumer transactions…
EFIC sells short-term export insurance business
19 August 2003
Australia’s Export Finance & Insurance Corporation is selling its short-term export credit insurance business to German credit insurer Gerling NCM, which has been rebranded…
It’s a mould rush
19 August 2003
While there is still a lot of scepticism relating to mould and its real impacts, lawyers and their clients around the world are cashing in on the “mould rush”, says Christopher Hillmann…
ASIC chief David Knott quits
19 August 2003
ASIC Chairman David Knott will step down from the role at the end of the year, sending the media into a frenzy of speculation…
Move to ease PI pain welcomed
12 August 2003
The insurance industry has generally welcomed the outcomes of last week’s ministerial meeting in Adelaide reached new understandings on the professional indemnity crisis…
Associations check the standards option
12 August 2003
Capping professional liability payouts for professional groups which meet a set of stringent quality standards is a cornerstone of the NSW Government’s model legislation…
SA WorkCover gets a makeover
12 August 2003
South Australia’s WorkCover scheme is to get a new board and CEO in what is called a “key element” of the Rann Government’s plan to improve the organisation’s…
Terror cover: ‘It’s a premium, not a levy’
12 August 2003
If there was a common tune being sung at the “Terrorism Insurance Explained” seminars organised by ICA in Melbourne, Sydney and Adelaide over the past week…
Attention young NIBA brokers…
12 August 2003
NIBA has invited brokers around the country to nominate young achievers to receive the Warren Tickle Trophy…
Liability premiums stabilising, says ACCC report
05 August 2003
Professional indemnity and public liability premiums are continuing to rise, but there’s light at the end of the tunnel…
Victoria hoses down fire levy lobby
05 August 2003
Victorian Treasurer John Brumby has followed long-standing Victorian Government tradition and pulled the plug on a fire services funding system that is not based on…
Insurance taxes retain world record
05 August 2003
The Victorian Government’s announcement of its decision to do nothing about fire service funding reform came on the same day as a report by consultants…
Is the purple band a solution to the public liability crisis?
05 August 2003
A Northern Territory agricultural show will go ahead despite unaffordable public liability premiums – thanks to a quirky solution that might just work…
Sunrise Exchange celebrates
05 August 2003
It’s the end of the bad old days for the insurance industry’s intermediary channel as the last broker moved across to the Sunrise Exchange platform…
Rural & General: ASIC gets undertakings
05 August 2003
ASIC has obtained undertakings from Sydney-based Rural & General Insurance Broking, and Rural & General International Insurance in relation to allegedly misleading content…
Good news can be bad news
29 July 2003
Insurers are returning to profit, but getting back into the black is a double-edged sword, says Insurance Council Executive Director Alan Mason…
CGU mistake may cost $40 million
29 July 2003
Insurance Australia Group may lose a $40 million contract with the Victorian WorkCover Authority after an audit found irregularities in subsidiary company…
Insurance terms ‘misleading’
29 July 2003
Some traditional terms used by the insurance industry are “at best, euphemistic, and at worst downright misleading”, says QC Wayne Martin…