Brokers accused of sneaky dealing over foreign insurers
01 April 2003
Journalist Mark Westfield mightn’t know much about the finer points of insurance, but he does have excellent contacts…
Local
ICA wants review deadline extended
01 April 2003
The Victorian Government is rushing through its review of the fire services funding issue, and now the alliance of business groups which has forced the review is worrying…
HIH report due this week
01 April 2003
More than two years after HIH fell over, the report into the who, what, why, when and how of the insurer’s collapse will be laid bare on Friday…
Doctors get run-off relief
01 April 2003
The new Medical Indemnity Bill announced last week is intended to make it easier for medical practitioners to access affordable and adequate run-off cover…
PI costs hit rural consultants
01 April 2003
Agricultural consultants who carry out vital salinity testing and waste management for farmers are the latest professional group encountering difficulties in securing affordable PI cover…
APRA: PI crisis not insurers’ fault
25 March 2003
APRA has come out firmly on the side of professional indemnity insurers, insisting they have every right to refuse to handle losing business…
Damned if they do, and if they don’t…
25 March 2003
Brokers are being instructed by clients to secure liability cover at any cost, and if that means using unauthorised foreign insurers, then so be it…
WA’s bid to halt litigation nightmare
25 March 2003
The Western Australian Government has introduced a second round of negligence laws in a last-minute bid to address the ongoing string of liability insurance shocks…
Throwing tomatoes at public liability
25 March 2003
Victoria was to experience the world’s biggest tomato fight at the Formula 1 Australian Grand Prix earlier this month, but the idea went sour when the organisers were unable…
D&O insurance: toe line or no cover
25 March 2003
Australian insurers have added more fuel to the fiery directors’ and officers’ insurance debate…
Claims made policies and late notice — the clock is running
25 March 2003
The “claims made” provisions of insurance contracts have again come in for attention after the NSW Court of Appeal rejected an attempt by Gosford City Council to make a claim…
Brokers gain more of the market
25 March 2003
Brokers are doing much better in the market than had been expected a few years ago, says NIBA CEO Noel Pettersen
Why we’re a high-tax state: Victoria
18 March 2003
There’s just no telling the Victorian Government when it comes to its astronomical taxes like the fire services levies and stamp duty…
Car security program works
18 March 2003
Car thefts are down around the country, and the National Motor Vehicle Theft Reduction Council can take a bow. ICA Executive Director Alan Mason says the drop in thefts…
Natural disaster costs on the rise
18 March 2003
Natural disaster losses cost the Australian insurance industry $380 million in the last year, with the Canberra fires accounting for $312 alone…
Victoria launches fire recovery package
18 March 2003
Speaking of natural disasters, Victoria’s Bracks Government has stepped up efforts to raise funds for the 2003 Bushfire Recovery Appeal Fund…
…and an inquiry to follow
18 March 2003
Premier Steve Bracks has announced Victoria will conduct an inquiry into this year’s bushfires, which were the worst since Ash Wednesday in 1983…
APIG makes noise over PI
18 March 2003
The Australian Professional Indemnity Group is holding a seminar on Wednesday featuring a range of speakers who will be able to give their views from both sides of the PI fence…
Consumer call centre working
18 March 2003
The Banking Insurance & Investment Assist call centre launched in June last year has released some impressive results for the six months ending December 2002…
Consumers more confident, but there’s still a trust gap
11 March 2003
A new ICA industry survey shows people are confident about the financial strength of insurers and their ability to pay claims, despite recent market volatility…