Local industry will withstand bushfire crisis says S&P
04 February 2003
The industry may have to change its laid-back attitude to policyholders living in houses surrounded by bushland, but insurers certainly won’t have any trouble paying claims…
Local
Brokers get a bigger slice of the cake
04 February 2003
Brokers are moving into 2003 enjoying a resurgence of inflence in the market, according to NIBA CEO Noel Pettersen…
APRA says planned litigation against UMP puts doctors at risk
04 February 2003
Doctors’ planned litigation against UMP is “unhelpful” and could put the insurance of hundreds of doctors insured by the group at risk, according to APRA…
Liability insurance is competitive
04 February 2003
Competition in the public liability area is sufficient to ensure efficient and cost-effective claims management practices in Australia…
Robert Porter to sue run-off operation
04 February 2003
Robert Porter is back in the courts…
HIH Royal Commission update
04 February 2003
The HIH Royal Commission has had its deadline for handing over its findings to the Federal Government extended from February 28 to April 4…
Public liability: a national issue
17 December 2002
The year started out with the beginning of what rapidly became known to the media as the “insurance crisis”…
Terrorism Insurance: a whole new quandary
17 December 2002
The devastating terrorist bomb attack in Bali dominated media headlines in October…
Medical indemnity: a doctored result
17 December 2002
The initial signs of trouble with medical indemnity insurer Australasian Medical Insurance Ltd – United Medical Protection’s fully owned insurance company – came to light…
HIH Royal Commission: the industry’s shame
17 December 2002
Early in the year the HIH Royal Commission investigations into FAI’s financial reinsurance arrangements with General & Cologne Re began…
Insurance taxes: brokers campaign
17 December 2002
In April NIBA unveiled its campaign to lobby state and territory governments to abolish insurance taxes…
Foreign insurers: pulling out
17 December 2002
As the impact of the global downturn began to deeply impact the global industry – even the most powerful reinsurer of all, Munich Re, had its AAA rating downgraded…
The HIH Royal Commission
17 December 2002
Tomorrow is D-day for the leading figures in the HIH collapse…
Frank Earl is NIBA’s new President
17 December 2002
Frank Earl, the MD of Arthur J Gallagher Professional Services Australasia, is the new President of NIBA…
Insurers don’t want compulsory domestic insurance
10 December 2002
NSW Premier Bob Carr might have expected the insurance industry to hurriedly endorse his call for home and contents insurance to be made compulsory…
NSW bushfires cost won’t be significant
10 December 2002
Although the Insurance Disaster Response Organisation has yet to issue an estimate of the total property damage cost from the current NSW bushfires, it’s not expected to be significant…
2002 was a shocker for insurance ratings
10 December 2002
Insurance companies have been the financial services sector’s big ratings losers of 2002, according to Standard & Poor’s…
WA insurance taxes will be halved
10 December 2002
The eradication of the Fire Services Levy in Western Australia will halve the level of general insurance taxes by the end of this month, according to ICA…
Victoria begins its fire services funding review
10 December 2002
The Victorian Government’s review into fire services funding is due by March next year…
Dexta likely to bow out of building
10 December 2002
Builders’ warranty insurance supplier Dexta will not be renewing cover to builders in NSW on December 31, leaving around 20,000 builders looking for new cover…