Banning single-hulled tankers may not be the solution
10 December 2002
Australia is unlikely to join the European Union’s ban on single-hulled oil tankers…
Local
No duty of care owed in negligence claim over infected oysters
10 December 2002
A unanimous High Court decision last week has found that neither the NSW Government nor the Great Lakes Shire Council owed a duty of care to a man who contracted hepatitis…
No I’m not, says Gribbin
10 December 2002
IBNA’s non-executive Chairman Gary Gribbin has moved quickly and forcefully to correct any impression that he has taken over as CEO following the resignation of Paul Serong…
Accountant body attacks insurers over PI rises
03 December 2002
Insurers are denying they are artificially inflating business liability premiums to cover past losses, but they might soon have to do more than that…
UMP members indemnified for next 12 months
03 December 2002
Members of failed medical indemnity insurer United Medical Protection won’t have to worry about finding another insurer or medical defence organisation to indemnify them…
Court ruling casts shadow over after-work drinks
03 December 2002
A ruling by the NSW Supreme Court will cast a shadow over Friday night drinks and other after-work celebrations for many workers’ compensation insurers…
HIH liquidator foretells prison terms
26 November 2002
The liquidator of HIH believes criminal charges will arise out of the royal commission and that some people could be jailed…
R&SA case is very different to IAG
26 November 2002
The poor investor response to the IAG share offer doesn’t necessarily reflect on the likely success or failure of the Royal & SunAlliance Asia-Pacific division float, a leading Sydney analyst said…
ARIMA says risk managers prefer to self-insure
26 November 2002
The Association of Risk and Insurance Managers of Australasia has told a Federal Government inquiry into workers’ compensation that risk managers prefer…
Raymond Jones stays on as ICA President
26 November 2002
QBE Australia MD Raymond Jones has been re-elected as Insurance Council President for another year-long term…
ABC risk manager wins prestigious award
26 November 2002
Laurie Treloar, the risk and asset manager of national broadcaster ABC, has been awarded ARIMA’s Risk Manager of the Year award…
McGrath takes on Government in his bid for cash
19 November 2002
HIH liquidator Tony McGrath brought the HIH/FAI scandal to new depths last week when he filed a lawsuit against the Government regulators which approved the sale of FAI to HIH…
Tort law reforms won’t be uniform
19 November 2002
Federal and state governments are taking similar but not completely uniform approaches to tort law reform after Friday’s ministerial meeting of Treasury heads in Brisbane…
PWC report shows premiums will reduce
19 November 2002
Ministers at the Brisbane meeting were also briefed on an actuarial report from PricewaterhouseCoopers which found the Ipp package could immediately reduce premiums by about 13.5%…
IBNA retracts comment on premium funders
19 November 2002
A backlash from the premium funding sector has caused IBNA CEO Paul Serong to retract a comment that could have suggested premium funders are “robbing IBNA of income”…
Dispute facility is now independent
19 November 2002
ASIC has approved the Insurance Brokers Disputes Limited in relation to Policy Statement 139 – Approval of External Complaints Resolution Schemes…
IEC has plenty to talk about
19 November 2002
September 11, the Ansett Airlines and OneTel collapses, the HIH Royal Commission, Enron and WorldCom corporate collapses, the global capital shortage, a loss of consumer…
Aussie educators take China by storm
19 November 2002
A five-day tour of China showcasing Australian excellence in finance education and training has been rated a big success…
NT confusion will probably end in court
19 November 2002
Determining how “normal” weekly earnings are calculated for people injured at work is an issue that workers’ compensation insurers in the Northern Territory are expected…
ICA disputes Ipp “attack” on insurers
12 November 2002
Justice David Ipp, who has chaired the review of liability law that is leading to major reforms around the country, isn’t likely to confirm or deny what he said at last week’s meeting…