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…
Local
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…
CGU holds off One.tel defence claims
29 July 2003
Three directors and officers of failed telco One.tel will have to fund their own defence after CGU’s refusal to immediately pay out on their D&O policies was upheld…
Adler: ‘I’m not like Skase’
29 July 2003
Former FAI MD and HIH director Rodney Adler has joined his old HIH colleague Ray Williams in telling all…
Insurers must explain, says Hawker
29 July 2003
IAG head Michael Hawker wants the insurance industry to explain to consumers how massive premium hikes are “directly linked to the cost of claims”…
NSW FSL solution draws near
29 July 2003
NSW is blazing ahead with a program to sort out the alternatives for fire brigade funding…
The most common crashes
29 July 2003
For those of you dealing in vehicle repair work and anyone else interested in the minutiae of road accidents, debt collection company Prushka – it handles third-party claims…