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2005

Insurers News

Payouts Blow Out In Appeal Decision

Thursday September 29, 2005
THE cost to insurers of Port Stephens Council's loss in the Court of Appeal this week could reach $750,000, it emerged yesterday.

Fund Hopping Condemned

Thursday September 22, 2005
A group of medical specialists who advised patients to switch health insurers to exploit a better deal on gap charges created a surge of claims which blew the budget of a small health fund, a federal parliamentary committee has heard.

Insurers' Bonanza As Good As It Gets

Friday September 2, 2005
INVESTORS in Australian general insurance companies have seen the value of their shares rise 70 per cent in two years, on the back of the most profitable results ever achieved by insurers.

Insurers Told To Pay For Wilkie Defence

Thursday September 1, 2005
With his trial on three criminal charges to begin on Monday, former FAI Insurance chief operating officer Daniel Wilkie yesterday won an order that his indemnity insurers pay his defence costs.