Tag: Insurance
AHM closer to Medibank merger
A New South Wales south coast based health insurer, Australian Health Management (AHM), is one step closer to being merged with Medibank Private, with most of its members voting in favour of the takeover.[MORE]
IAG, State Bank of India enter joint insurance venture
Insurance firm IAG is investing $170 million to form a joint venture general insurance company with the State Bank of India.[MORE]
Insurers weather storms with higher premiums
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As Qld's storm victims call their insurers for help, the sector has revealed it was well prepared to deal with the disaster.[MORE]
Man sentenced to home detention for setting house on fire
A 25 year old man from Yarralin, south west of Katherine, has been sentenced to a home detention order after starting a fire that destroyed a community house. [MORE]
Fears of spike in insurance premiums
The Country Liberals' Treasury spokesman is asking TIO to reveal whether the financial crisis will force it to increase premiums for third party insurance.[MORE]
IAG defends rejection of QBE takeover proposal
The head of Insurance Australia Group has defended the company's decision to reject a takeover proposal from rival QBE earlier this year. [MORE]
US Govt forced to ramp up AIG bailout
The US is providing more financial assistance to troubled insurance giant AIG.[MORE]
Bankrupt financial planner's licence cancelled
A financial planning company has terminated the licence of a Darling Downs representative, after an Australian Securities and Investments Commission (ASIC) investigation.[MORE]
CTP scheme takes hit from economic crisis
The economic downturn of the past year has taken its toll on Queensland's Compulsory Third Party scheme (CTP).[MORE]
NIB board under fire from shareholders
Shareholders of health fund NIB have attacked the credibility of its board at yesterday's annual general meeting in Newcastle in the New South Wales Hunter Valley.[MORE]
NIB to face takeover questions at AGM
A day after rejecting a takeover bid, the directors of Newcastle health insurer, NIB, will be forced to fend off questions from shareholders at its annual general meeting.[MORE]
Bell Resources decision to be handed down
The Supreme Court in Perth will today deliver its decision in the nation's longest running corporate debt-recovery action.[MORE]
Insurance industry calls for hail-resistant roofs
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Research suggests Australian roofs are highly prone to hail damage, prompting calls from the insurance industry for stronger building codes.[MORE]
The opportunity to opt out of Medicare
A different healthcare financing scheme would provide stronger incentives for efficiency, a more stable health insurance market with affordable premiums, and a reduction in waiting lists in the public sector.[MORE]
Bounty on public housing vandals
The Tasmanian government has stepped up the fight to catch arsonists who target public housing.[MORE]
Medibank Private in 'good position' despite financial crisis
A spokesman for Medibank Private says the health insurer is in a good position to ride out the global financial crisis. [MORE]
Committee told of QBE's WorkCover concerns
Insurer QBE has expressed concern about an application process that led to a rival company being appointed WorkCover's claims agent.[MORE]
IAG open to new merger talks with QBE
The head of Australia's largest general insurance group says he is still open to the possibility of a merger with rival QBE if a better offer is made. [MORE]
Govt defends Motor Accident Commission
The Opposition has accused the South Australian Government of leaving the Motor Accident Commission on the brink of insolvency.[MORE]
No worries on TIO: Lawrie
The Northern Territory Treasurer Delia says the local insurance and banking provider TIO is in a strong position despite the global financial crisis.[MORE]
Fed injects another $38b into AIG
The US Federal Reserve says it has authorised a new $US37.8 billion cash infusion into insurance giant AIG, which is under fire over a lavish spa retreat paid for by the company after its rescue by the government.[MORE]
Fortis bank latest victim of credit crisis
European shares have slumped to a three-and-a-half year low as the fallout from the credit crisis claims more victims.[MORE]
NIB lifts profit outlook after Medicare levy rejection
Health insurer NIB has lifted its profit outlook in light of the Senate's rejection of changes to the Medicare levy surcharge.[MORE]
Jail gives Adler time to reflect
Disgraced corporate businessman Rodney Adler says the two-and-a-half years he spent in prison gave him plenty of time to reflect on his role in the collapse of insurance giant HIH. [MORE]
AIG bailout 'has saved local investors'
Analysts say the bailout of giant insurance firm AIG has saved many Australian investors from making losses.[MORE]
