One year to go, and many brokers are worried
11 March 2003
Lawyers are “scare-mongering” to capitalise on intermediaries’ uncertainty about their ability to move painlessly into the new FSRA licensing regime…
Local
… and FSRA deadline won’t be extended
11 March 2003
ASIC has denied persistent rumours that it may be forced to extend the licensing compliance period of the FSRA to accommodate a last-minute rush…
Alliance against fire levy gathers force
11 March 2003
Some heavyweights in the Victorian scene have lined up for and against the review of the state’s fire services levy system, making it even harder for State Treasurer John Brumby…
Coonan attacks state taxes – but don’t hold your breath
04 March 2003
Assistant Treasurer Helen Coonan says a Commonwealth review of taxes affecting the affordability of household insurance is likely to be useless because of high state…
Victoria’s WorkCover makes it fourth time lucky
04 March 2003
Victoria’s WorkCover Authority has announced its fourth successive insurance profit for the six months ending December 31, recording a $338 million profit from insurance operations…
Accident & Health International drops Gerling
04 March 2003
Underwriting agency Accident & Health International has switched from Gerling, which has gone into run-off in Australia…
No PI as engineers assume risk
04 March 2003
More than one in 10 of Australia’s consulting engineers have no professional indemnity insurance…
Porter explains why he’s suing ASIC
25 February 2003
Former OAMPS CEO Robert Porter says he is suing ASIC because it knew well in advance of his trial last year that evidence it had collected against him was false…
Austbrokers expands into Melbourne
25 February 2003
Cluster group Austbrokers has opened an office in Melbourne in a bid to expand its operations in time for the new FSRA regime…
ICA urges Government to tackle tax
25 February 2003
ICA President Raymond Jones has attacked the states and territories over “alarmingly high” insurance taxes, and called for an inquiry into taxes affecting the affordability of insurance…
Terrorism insurance law under more fire
25 February 2003
The Federal Government’s Terrorism Insurance Bill probably isn’t the best solution to the terrorism cover problem, and it will mean yet another levy on premiums…
Mould fears intensify NZ’s builders’ crisis
25 February 2003
Toxic mould is costing United States insurers hundreds of millions of dollars, and now the industry’s fear of the syndrome has spread to New Zealand…
Victoria considers its fire services levy
25 February 2003
An alliance of insurance and industry associations is continuing its push to persuade the Victorian Government that it should change its fire services levy system…
Drought increases sport injury claims
25 February 2003
Australia’s sportsmen and women are breaking more bones thanks to the drought and subsequent water restrictions, according to sports insurance underwriter Sportscover…
Terrorism insurance unfair, says ARIMA
18 February 2003
Australia’s corporate risk managers have rejected the Federal Government’s plan to introduce a compulsory terrorism insurance levy, saying it’s totally unfair…
Insurers abandon NZ building industry: report
18 February 2003
Insurance problems with the building industry are nothing new in Australia, but now New Zealand insurers are reportedly abandoning the sector or raising professional indemnity rates…
Medical insurer’s not out of the woods
18 February 2003
The medical indemnity crisis is far from over…
Vic bushfires burn up more money
18 February 2003
The Insurance Disaster Recovery Organisation says insurers have received 250 claims totalling $10 million as a result of the Victorian bushfire disaster…
IEC praises insurers post-Canberra
18 February 2003
Insurance Enquiries & Complaints CEO Sam Parrino has congratulated the activities of insurance personnel during the Canberra bushfires noting that they acted…
Breakfast briefings back
18 February 2003
The National Insurance Brokers Association will hold a series of “breakfast briefings” next month for members and non-member intermediaries…