AI: govts need ‘focus on health costs'
The Actuaries Institute's (AI) pre-budget submission warns governments need to focus on rising health care costs, the age pension and aged care to ensure continued high-quality service. President...
View ArticleNM launches commercial marine arm
NM Insurance has launched a commercial marine business, Proteus , offering cargo, liability and hull insurance. In a media statement, NM CEO Lyndon Turner said marine was a major growth area for the...
View ArticleICA welcomes SA tax review paper
ICA hopes the SA Government will remove its 11% stamp duty on house and contents policies after the govt released a state tax review discussion paper, which calls for community discussion of options to...
View ArticlePeople
Cecilia Reyes has been named Zurich Group Asia Pacific regional chair. She succeeds Geoff Riddell , who will retire from April 1 … BT Financial Group adviser distribution GM Chris Freeman is retiring...
View ArticleQBE sells agencies to Steadfast
QBE has sold its CHU Underwriting Agencies Pty Ltd, Corporate Underwriting Agencies Pty Ltd (also known as Body Corporate Brokers) and Underwriting Agencies of Aust Pty Ltd to Steadfast Group Ltd. The...
View ArticleGovt considers new ASIC powers
Federal Assistant Treasurer Josh Frydenberg is considering new ASIC powers to let the regulator intervene in and change financial planning products. Several media outlets have reported Frydenberg...
View ArticleIAG profit down, margins squeezed
IAG has posted an 8.3% decline in 1H15's insurance operating profit on 1H14 to $693m, reporting a squeeze on its reported margin, from 17.5% to 13.4%. IAG's ASX statement said its underlying margin...
View ArticleGovts pledge to NDIS rollout targets
At a COAG Disability Reform Council meeting this week, all state and territory governments reaffirmed their commitment to a full NDIS rollout within the time frames and funding arrangements set out in...
View ArticleZurich records ‘unsatisfactory' result
Zurich Insurance Group has recorded an “unsatisfactory” 1% drop in its global business operating profit for the year to December 30 to $US4.6bn ($A4.6bn). Net income after tax attributable to...
View ArticleSeacurus offers piracy niche cover
Barbican-owned marine intermediary Seacurus has developed a bolt-on to existing marine kidnap and ransom (K&R) policies, designed to cover cargo, bunkers and money on board against specific...
View ArticleGovt tenders brokerage services
The Defence Department has sought tenders for a broker to help identify and manage a policy umbrella to cover community groups the Defence Community Organisation has approved to receive family support...
View ArticleRMIA sponsors crisis expert talks
The Risk Management Institution of Australasia has sponsored a former US Government crisis communications expert to tour Australia in March. Bob Jensen, who has more than 30 years' experience dealing...
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. Product code: 134001902
View ArticleDiary
March 26, May 7, June 11, July 30, August 20, Sydney: Joint Elevista, Barry.Nilsson, ANZIIF NSW personal injury claims management course. Go to theinstitute.com.au
View ArticleFun park owners negligent
A NSW amusement park's owners were negligent for not informing patrons of potential equipment dangers, the ACT Appeal Court has ruled. Benjamin Allan Ackland sued Green Valley Farm family owners...
View ArticlePub loses bid for higher court costs
A Gladstone hotel's owner has failed to get indemnity costs from a man who refused a settlement offer before unsuccessfully suing the owner. The Qld Supreme Court cleared Town & Country Pubs No 2...
View ArticleEY telematics deal targets insurers
Accountancy firm Ernst & Young (EY) has signed an agreement for Australia and NZ with Baseline Telematics, which claims to be a world leader in the fast growing insurance telematics industry. EY...
View ArticleIAG counts 700 claims from Marcia
IAG had received about 700 claims for damage caused by Cyclone Marcia (above) by Monday (Feb 23). It said in a statement the majority were from personal insurance customers who held policies under the...
View ArticleLife, super reports released
APRA has released its life and superannuation quarterly performance reports showing life made a strong recovery in CY14 ( CN 22/05/14 ) . Net profit after tax was up 23.4% to $2.5bn. Net life policy...
View ArticleReport criticises quake model
Vero NZ and Deloitte Access Economics have released a critical report of the insurance response to the Canterbury earthquakes. Four years on: Insurance and the Canterbury earthquakes calls for a review...
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