The insurance industry is facing losses this quarter that will approach and probably surpass $US50 billion.
Insurance
Former NRMA director: insurance industry hiring “a conga line of spin doctors”
A former NRMA Insurance director has accused his old firm of engaging in secretive government lobbying efforts, telling Crikey a “conga line of very expensive spin doctors” had been descending on Canberra and Brisbane in recent weeks to bend politicians’ ears in the wake of the Queensland floods.
Insurers brace for more bad weather
Insurance companies are bracing themselves for an increase in weather related disasters as a result of climate change, as the industry awaits an influx of claims from two events in the past week.
Did Suncorp Metway earn a profit in 07-08?
Some banks have taken a hit from the credit crunch. Others, like Suncorp, have only themselves to blame, writes Glenn Dyer.
The QBE offer for IAG that wasn’t
Most journos and analysts have described the QBE statements purporting to make an offer to IAG as an offer. Nothing of the sort, writes Glenn Dyer.
Private health insurers are such drama queens
If the private health insurance industry is totally relying on a penalty imposed by the government to get healthy members in, how sustainable is their business? wonders Michael Johnston, Senior Policy Officer at CHOICE.
Private health insurance not to blame for all ills
Ian McAuley keeps finding new reasons for attacking the private health insurance industry, the latest being the industry’s contribution to inflation, writes Andrew Podger, former secretary of the Federal Department of Health and Aged Care
