Insurance Company News
QBE to swoop on stricken Dutch rival $2.5bn war chest for ING assets
Saturday February 27, 2010
GLOBAL insurer QBE is stalking the commercial insurance operations of Dutch financial services company ING as it seeks to ease investor concern about slipping underwriting profits that caused a sharp decline in its share price yesterday.LAWYERS DO A BANG-UP JOB
Friday February 26, 2010
Research by a US car insurance company suggests judges and lawyers are the most accident-prone professions.Cronulla donor names ex-chief in scam
Thursday February 11, 2010
A CRONULLA fan who gave the Sharks $30,000 after defrauding an insurance company told police the club's then chief executive, Tony Zappia, had encouraged him to claim on other policies to donate more money to the struggling club.
Clint Elford, who received a $525,000 life insurance payout after falsely claiming he was terminally ill, also told police Mr Zappia had forged signatures on fraudulent documents.'Explosive' claims against Timbercorp
Friday October 30, 2009
BATTERED grower investors in the collapsed Timbercorp yesterday lobbed a class action against the company, its responsible entity and three directors in a move that will overtake a separate action by Timbercorp's liquidator to be heard in the courts today.Timbercorp faces class action
Friday October 30, 2009
BATTERED grower investors in the collapsed Timbercorp yesterday launched a class action against the company, its responsible entity and three directors, in a move that will overtake a separate action by Timbercorp's liquidator to be heard in the courts today.Australia Post's shopfront expansion
Thursday September 3, 2009
THE arrival into the $24 billion insurance market of the government-owned monopoly Australia Post is a cause for alarm. The head of its financial services, Andrew Wiseman, will find no quarrel with his assertion that car, home and travel insurance is "a natural fit" for a business that already handles more than $80 billion of payments and transfers every day. Australia Post has an even more powerful institutional advantage in its network of 4450 outlets nationwide that give it an established and unparalleled access to consumers.Singh's re-election good news for insurer
Tuesday June 9, 2009
INSURANCE Australia Group's hopes of expanding in India have been increased by the newly re-elected Government's plans to allow overseas companies to increase their stakes in the financial services industry.Accidents Are An Insured Thing
Sunday January 18, 2009
RTA statistics show more than 24,000 people were injured in road accidents last year. And the risk of a mishap rises in holiday periods when traffic increases dramatically, by up to 50 per cent.Police, Health Services Drive Up Write-offs
Thursday January 8, 2009
STATE public servants wrote off 235 government cars in 2007-08 while incurring $34.5 million in insurance claims for vehicles. the Opposition said.Storm Fear Grips Suburb
Sunday January 4, 2009
RESIDENTS of The Gap in Brisbane's west live in fear of storm warnings, with tarpaulins over dozens of roofs and some homes still waiting for electricity to be reconnected after devastating spring storms.Blood River - Part Nine
Friday January 2, 2009
Kate, on a river cruise tour on the Danube one year after her husband Larry's death in a boating accident, was shocked to see him in Vienna. Meeting in secret at successive stops along the river, Larry revealed he had staged the accident to avoid debtors, and told her he wanted her to leave Australia and live with him on a Greek island. Another passenger, Andrew, told Kate he was hunting Larry and demanded she help him. She refused, and the next morning evaded him in the medieval German town of ...New-look Nib Adds Directors To Board
Friday October 19, 2007
LEADING the race to public listing, Newcastle-based health fund NIB has appointed two executives with experience in the insurance industry.Lead-foot Drivers Lucky If They're With Aami
Sunday July 8, 2007
THE proliferation of speed cameras in Victoria has led a major insurance company to revise its position on drivers caught repeatedly breaking the limit.Another Hih Man Heads To Jail
Friday June 8, 2007
DOMINIC FODERA, former chief financial officer of collapsed insurance company HIH, was sentenced yesterday to two years in prison for a "material omission" of information from a prospectus which sought to raise $155 million from investors.Tower Looks For More Good Medicine
Wednesday May 30, 2007
NEWLY listed life insurer Tower Australia has increased its exposure to the potentially lucrative private health insurance market as the industry prepares for what may well be many floats in the sector.No Criminal Charges For Zurich Execs
Thursday March 15, 2007
EXECUTIVES who were caught cooking the books for Zurich Financial Services' insurance arm in 2000 have escaped criminal prosecution.Zurich Executives Won't Face Charges
Thursday March 15, 2007
EXECUTIVES who were caught cooking the books for Zurich Financial Services' insurance arm in 2000 have escaped criminal prosecution.