Dodd goes, his payout lingers
17 April 2001
Latest word on the dramas at NRMA: CEO Eric Dodd, who was fired by the board when he refused to voluntarily stand down, is understood to be seeking a $6 million severance payout…
Local
HIH: It just keeps getting worse
17 April 2001
The HIH collapse is now shaping up as one of the worst in Australian corporate history…
Payments will take up to 10 years
17 April 2001
Mr McGrath, who was appointed as the provisional liquidator on March 15, doesn’t expect much money to be forthcoming to creditors for a long time…
Hand over the $50 million, brokers told
17 April 2001
The HIH provisional liquidator has politely pointed out to brokers that they must comply with their statutory obligations under the Insurance (Agents & Brokers) Act…
States take action
17 April 2001
The WA Government will impose a 5% levy on its workers’ comp premiums to cover expenses relating to the collapse of HIH…
US action looms
17 April 2001
Complicating the HIH legal picture even further is the intervention by three large US fishing groups insured by the company’s North American operations…
New fuel hurts 10,800 old engines
17 April 2001
Low-sulphur diesel fuel being sold in Queensland and northern NSW has led to nearly 11,000 insurance claims from vehicle owners…
FSRB – no surprises, yet
10 April 2001
The Financial Services Reform Bill, introduced into Federal Parliament last Thursday, contains few surprises…
But wait, there’s more…
10 April 2001
Some of the disclosure requirements are not yet known, and analysts are cautioning that the scope being designed into the legislation for ASIC could cause future problems…
Election fever only real threat to passage
10 April 2001
The ALP’s Shadow Financial Services and Regulation Minister Senator Stephen Conroy…
HIH: Scale of the damage is becoming clearer
10 April 2001
As the dimensions of the HIH collapse become clearer – and lawyers begin to recruit disgruntled stakeholders for a class action against the company and its directors…
HIH isn’t typical: APRA
10 April 2001
APRA has felt the need to issue a media release reassuring the public that HIH is “not typical of other large insurance companies”…
Insurance Council is headless
10 April 2001
Not only the NRMA has been affected by the sudden departure of Eric Dodd…
Recriminations over HIH continue
03 April 2001
Prudential regulator APRA has gone on the offensive as it moves to distance itself from the HIH crash…
A dilemma for brokers
03 April 2001
Key stakeholders in the HIH issue will meet with provisional liquidator John McGrath tomorrow to thrash out some thorny issues…
Insurance and finance – the big earners
03 April 2001
It’s official – the financial services industry is among the fastest-growing sectors of the Australian economy…
Adams joins complaints board
03 April 2001
Graeme Adams, General Manager of Insurance Manufacturers Australia, has been appointed to the board of Insurance Enquiries and Complaints…
Liability boosts risk management emphasis
03 April 2001
Risk management is coming into its own as legislation across Australia emphasises the personal liability of all members of organisations – from the board level down…
Cash injection ensures a healthy industry
03 April 2001
Australia’s health insurers have had a very good year…
US/UK slump hurts HIH
27 March 2001
Badly performing FAI business wasn’t the main catalyst for the downfall of HIH. That much is becoming clear as analysts pour over the failed insurer’s recent history…