Cheaper CTP shows reform can work
14 May 2002
After a horror run through much of the ’90s, when CTP premiums spiralled out of control, NSW motorists should all be smiling now…
Local
Reinsurers quit the Australian market
14 May 2002
Following on from the departure from Australia of giant US reinsurer St Paul Re in December comes news that it started a bit of a rush to leave…
Doing nothing isn’t an option, says ICA President
07 May 2002
Solving the insurance industry’s current woes won’t be easy, says ICA President Raymond Jones…
Victoria gags dumped workers’ comp insurers
07 May 2002
Insurers dumped from the Victorian workers’ compensation system two weeks ago are having to deal with the repercussions in complete silence – no grumbles to the media…
$5M payout highlights liability conundrum
07 May 2002
The award of $5.7 million in damages to a Melbourne wrestler has highlighted the complexities of the present debate over liability insurance and tort reform…
Brokers are doing it for themselves
07 May 2002
Insurance brokers have moved beyond trying to understand the financial services reforms…
UMP: still no permanent solution
07 May 2002
As we predicted, there’s been plenty of fallout from the collapse of medical indemnity giant United Medical Protection…
Sort it out together, says industry leader
07 May 2002
A uniform approach to personal injury cover is the best solution to the current crisis in medical indemnity, according to IAG Deputy CEO Ian Brown…
Terrorist dealings are now illegal
07 May 2002
Are you dealing with people who might be raising money for terrorists..?
UMP turns off its life support
29 April 2002
Australia’s largest medical indemnity insurer hit the wall late yesterday and decided to call in the liquidators…
Lawsuits in the spotlight again
29 April 2002
The Australian Medical Association was quick to warn of chaos after the UMP collapse…
Chubb picks Melbourne for political risk centre
29 April 2002
Growing demand in the Asia Pacific Region for political risk insurance has seen the opening of a new Melbourne office for Chubb International…
Victoria’s manslaughter bill faces Opposition axe
29 April 2002
Victoria’s controversial Workplace Deaths and Serious Injuries Bill has hit a snag: the Victorian Employers Chamber of Commerce and Industry has persuaded the Opposition…
WorkCover reforms in NSW
29 April 2002
NSW’s workers’ compensation scheme is turning a profit at last. Changes introduced last year to the Workcover scheme have given the authority a $200 million return…
Tax battle: enter Joe Hockey
29 April 2002
Small Business and Tourism Minister Joe Hockey has joined the battle over high state taxes on premiums with a call to lessen the “prohibitive effect” on business…
Five insurers lose out in workers’ comp reshuffle
23 April 2002
Victoria’s WorkCover Authority has pushed five insurers out of its authorised agent panel system, effectively ending their workers’ compensation business in the state…
Unauthorised? Yes. Foreign? No, it’s local
23 April 2002
Hot on the heels of last week’s APRA warning about unauthorised foreign insurer Atlantic & Pacific comes another, this time hailing from the Solomon Islands…
OAMPS gets an edge from Lloyd’s
23 April 2002
Lloyd’s has embraced OAMPS as its first accredited brokers in Australia…
Builders’ warranty: all calm
23 April 2002
Backup from the NSW and Victorian governments has warded off a collapse of both states’ builders’ warranty schemes…
Property exposure begins to bite
23 April 2002
The widening impact of insurers’ new attitudes towards risk – partially fuelled by September 11 – is slowly becoming more apparent…