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…
Local
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…
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…
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…