The insurance industry has welcomed the Federal Government tax white paper, with ineffective insurance taxes targeted.
A government-sponsored taskforce into insurance issues in North Queensland has received the backing of leading insurers and industry bodies.
NIBA’s strategy to promote the virtues of insurance brokers to the wider public is likely to emerge this year after a lengthy gestation period.
A breakfast aimed at calming the fears of Australian brokers on the government’s plans for UFIs in the market was a great success according to one of the event organisers.
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A Queensland broker has teamed up with NIBA and AILA to deliver a breakfast seminar that seeks to clarify the use of unauthorised foreign insurers in Australia and looks to calm industry professionals that may have "jumped to conclusions" following the Government announcements.
A prestigious set of broker awards are open for nomination with a trip to New Orleans on the cards for the big winner.
An industry boss warns changes in regulation have led to some huge increases in rebuilding costs and warns some consumers could still be under-insured.
Brokers have labelled plans for Federal Government to establish a state aggregator as “nothing short of madness”.
As cyclone season approaches, an industry body is urging policyholders to touch base with their brokers to make sure they have adequate insurance.