Kiwi brokers tie the knot at last
17 August 2004
After several years of negotiation, New Zealand’s two broker organisations have finally voted to unite under one banner…
Local
Tighter NZ regulation on the way
17 August 2004
Regulation for New Zealand’s insurance industry is certainly on the way, but as yet the Government hasn’t figured out what form it will take…
Insurers want an independent smash repair inquiry
17 August 2004
ICA has called for an independent inquiry following a recent announcement that the Federal Government will introduce a voluntary code of practice covering the relationship…
Flood cover ranks high
17 August 2004
The issue of flood insurance – or at least the lack of it – still hangs over the insurance industry as a problem that endangers its newfound community credibility…
ACA questions policyholder report
17 August 2004
The ACA has questioned the purpose of the Federal Government’s report on financial system guarantees following the HIH Royal Commission recommendation…
Extension granted for HIH liquidator
17 August 2004
HIH Insurance liquidator Tony McGrath has been given another extension in his investigation of the company’s $5.3 billion collapse…
Insurance complaints fall
17 August 2004
The number of written complaints to Insurance Brokers Disputes is continuing its two-year decline…
Competition brings softer market… but can the industry handle it?
10 August 2004
A new survey by JP Morgan and Deloitte has confirmed what brokers have already told the world – increased competition is driving commercial insurance rates down…
Insurers warned about blackouts
10 August 2004
The possibility of electricity blackouts this summer on the same scale as last year may require some insurance companies to check their policy wordings…
Builders up in arms
10 August 2004
Victorian builders are fed up with the builders’ warranty insurance system, a scheme they say is failing consumers and builders alike…
Costello warns on asset shifting
10 August 2004
As the James Hardie inquiry nears the finish line, the Federal Treasurer has made it clear that companies will not be able to avoid compensation liabilities…
Privatisation for last state insurer?
10 August 2004
The Northern Territory Government has reportedly considered selling the last taxpayer-owned general insurer in Australia, the Territory Insurance Office…
Optus gets green light to self-insure
10 August 2004
Optus has been allowed to self-insure nationally and move out of various state workers’ compensation schemes, despite the Federal Government’s opposition…
Crashes and smashes: another code for insurers
10 August 2004
Here comes another code of practice. Small smash repairers are set to benefit from a Federal Government incentive to prevent motor vehicle insurers favouring larger repairers…
Landmark vote to occur at NZ event
10 August 2004
Members of New Zealand’s two broker associations gather in Rotorua tomorrow for crucial meetings that are expected to see the two groups vote to combine under one banner…
Council wins appeal over $9 million liability claim
03 August 2004
Councils all over Australia were breathing a sigh of relief last week after the NSW Court of Appeal upheld a Supreme Court ruling that the Coffs Harbour City Council…
NZ floods will only marginally affect profit, says S&P
03 August 2004
Credit ratings agency Standard & Poor’s says recent flood and earthquake damage in the Bay of Plenty region of New Zealand will cost the country’s insurance industry…
James Hardie: Bigger than HIH?
03 August 2004
Now that the final written submissions to the James Hardie commission of inquiry have been received, it seems the corporate scandal is shaping up to rival the HIH collapse…
Sunrise Exchange wins award
03 August 2004
Sunrise Exchange has been named Technology Innovation of the Year in the Asia Insurance Review/Australian and New Zealand Institute of Insurance and Finance Industry Awards…
O’Halloran takes ‘personality’ award
03 August 2004
QBE Insurance CEO Frank O’Halloran was named Insurance Personality of the Year at the Asia Insurance Review/ANZIIF Awards…