Insurers warned on PIPA liability
Insurers denying liability for insureds who have caused personal injuries could be dragged into proceedings under Qld's Personal Injury Proceedings Act 2002 (PIPA) as “contributors”, two Brisbane...
View Article‘Quiet' reaction to midwife PI axing
About 120 private practice midwives are uninsured after Vero withdrew some professional indemnity (PI) cover on June 30 ( CN 27/02/14 ) . Vero was the last Australian insurer providing PI for...
View ArticleBeazley launches travel policy
Specialist insurer Beazley has launched its first product to the Australian business travel market. Beazley corporate travel insurance will be offered to Australian brokers and Lloyd's coverholders....
View ArticleMore FoFA amendments agreed
The Federal Government has agreed with the Opposition to introduce more amendments to FoFA laws ( CN 27/11/14 ) . Assistant Treasurer Josh Frydenberg said the latest changes would tackle issues...
View ArticleICA sets up ‘disclosure taskforce'
ICA has established a taskforce to explore potential improvements to general insurance disclosure documents. CEO Rob Whelan said the industry, governments and consumer groups “perceive the current...
View ArticleDual launches marine suite
Dual Australia has entered the marine market with a suite of commercial hull, cargo and marine liability products. Asia Pacific CEO Damien Coates said the new lines complemented the underwriting...
View ArticlePeople
State Street Global Advisors Asia Pacific head Lochiel Crafter has been elected to FSC's board ... Insurance lawyer and past international insurance law association president Michael Gill will lead the...
View ArticleFlood lawyer seeks talks
Lawyers acting for householders affected by Brisbane's May 1 flood say they prefer to negotiate with the Qld Government and insurers than litigate. About 100 homes at Deception Bay, north of Brisbane,...
View ArticleCGU agrees to return $2m to insureds
CGU Insurance Ltd and its wholly owned subsidiary Accident and Health International Underwriting Pty Ltd (AHI) have agreed to refund more than $2m in “useless” payday loan consumer credit insurance...
View ArticleFSC wants GST increased
The GST should be increased and the tax mix changed if Australia is to have a sustainable, efficient tax regime that is globally competitive, FSC says in its submission to the tax white paper ( CN...
View ArticleIndustry splits on preservation age
The super industry has split on the Productivity Commission's (PC) report recommending increasing the preservation age from 55 to 65 years. The PC report said increasing the age to 65 when people could...
View ArticleUAC, Lloyd's Aust target Asia-Pacific
UAC and Lloyd's Australia this week made a presentation to Lloyd's Singapore service companies to promote UAC membership benefits in the region. Lloyd's Australian general representative Chris...
View ArticleWillis, Towers Watson to merge
Willis Group and Towers Watson will merge to form an “integrated global advisory, broking and solutions provider”, the companies said. Willis CEO Dominic Casserley and Towers Watson chair and CEO John...
View ArticleDiary
July 30, Melbourne: Inaugural AILA Vic Ron Shorter award final (above) . Go to www.aila.com.au August 7, Auckland, NZ: Inaugural UAC NZ professional development seminar. Go to uac.org.au
View ArticleEditorial team
Editor: Eva Wiland. Email eva.wiland@thomsonreuters.com. Contributing editor: Kate Tilley. Journalist: John Reynolds. Managing Editor: Helen Jones. Twitter: @Cover_NoteTR.
View ArticleMetlife wins suicide case
Metlife has avoided a $1.1m life policy despite a Vic judge rejecting most of its reasons for denying liability. John Montclare sued Metlife for not honouring his partner Graeme John Shilton's policy...
View ArticleLegal stoush over ‘passenger' liability
A legal stoush over “passenger” liability under the NSW Civil Aviation (Carriers' Liability) Act (CACLA) may end up in the High Court, a lawyer said this week. Carter Newell senior associate Shannon...
View ArticleNDIS participation continues to grow
More than 16,000 people with disabilities and their families are now part of NDIS, up from 14,000 identified in NDIS's March quarterly report ( CN 04/06/15 ) . But the participation rate identified in...
View Article‘Fierce competition' a concern
Aust and NZ underwriting agencies continue to see “fierce competition” as a top issue making business difficult, the 2015 Underwriting Agencies Council (UAC) and Gratex International Business...
View ArticleSuper fund 2014-15 returns ‘OK'
Super fund members are getting healthy returns despite the market turmoil the Greek debt crisis has generated, Chant West director Warren Chant says . Most returns would fail to reach double digits but...
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