Smash repair war hots up in NZ
28 September 2004
While the Productivity Commission in Australia gets set to conduct an inquiry into the relationship between the smash repair industry and motor insurance companies…
Local
NSW compo deficit improves
28 September 2004
The NSW Workers’ Compensation Scheme has recorded a $576 million improvement in its financial position, according to NSW Commerce Minister John Della Bosca…
AICLA tackles training void
28 September 2004
Claims professionals met in Sydney last Thursday for the launch of the new training body for people working in the claims sector…
Fraud on the rise
28 September 2004
Fraud takes a lower public profile these days, but a new a Deloitte Forensic survey says corporate fraud is on the rise…
IAG out of Queensland and NSW
21 September 2004
IAG has substantially scaled down its property risk in southern Queensland and NSW because it believes the region is exposed to a greater threat of natural disasters…
Self-insurance plans stymied
21 September 2004
Not surprisingly, the state governments have signalled their resistance to big companies wanting to self-insure nationally and move out of various state workers’ compensation schemes…
NTI expands reach
21 September 2004
National Transport Insurance has opened a new office in Darwin…
CGU pushes intermediary image
21 September 2004
CGU has launched a multi-million dollar advertising campaign to strengthen its positioning as an intermediary-based insurer…
AICLA launches claims institute
21 September 2004
Claims professionals will gather in Sydney on Thursday to help launch the Australasian Institute of Chartered Loss Adjusters’ new brainchild, the Institute of Claims Technicians…
ICA to close Brisbane, Adelaide offices
21 September 2004
The Insurance Council of Australia will close its Queensland and South Australian offices at the end of this year, leaving branches in Sydney, Melbourne and Perth…
Local insurers’ risk measurement falls short
21 September 2004
Australian insurers’ risk measurement frameworks lack sophistication, according to accountants Ernst & Young…
Adjusters want training standards in code
21 September 2004
Loss adjusters are lobbying the industry for an assurance that people performing claims functions are adequately trained…
More M&A activity mooted
14 September 2004
Increased merger and acquisition activity is expected as Australia’s 109 general insurers compete for about 20% of the market, according to a KPMG insurance survey…
Banks eye insurance sector
14 September 2004
Australia’s banks are starting to look closely at the $23 billion insurance sector as a way of maintaining profits as lending slows down…
NZ considers compulsory insurance
14 September 2004
New Zealand Finance Minister Michael Cullen has suggested making property insurance compulsory following revelations of high levels of underinsurance in areas affected…
Premiums will remain high, says survey
14 September 2004
It’s softer, but not that much softer…
Education body to rebuild trust after FSRA
14 September 2004
The financial services sector’s peak education body, the Financial Services Education Agency Australia, says it is focusing its efforts on rebuilding consumer trust…
James Hardie pressure increases
14 September 2004
A demand by the US accountants of James Hardie Industries for an independent inquiry into allegations of illegal misconduct has resulted in the cancellation…
ICA rejects Labor tort reform attack
07 September 2004
Opposition financial services spokesman Stephen Conroy has criticised the insurance industry for not passing back the benefits of tort reform after achieving the best profits…
NSW fire levy report provokes anger
07 September 2004
There was more than a little fury and frustration being voiced in Sydney last week when a NSW Government committee went against industry expectations…