insurance

ASSURANCE ABOUT INSURANCE The Presbyterian Banner – May 2002 General Insurance is in the news these days. We have the Royal Commission into the HIH collapse revealing that the Company doctored their accounts so as to appear profitable when they were not. We have rapidly escalating Public Liability premiums putting community and tourism operators at risk of closure, an escalation driven by a change in attitudes and definitions of negligence as well as lawyers touting for business on a ‘no win, no fee’ basis. We have the impact of the terrorism attacks on 11th September reducing capital available in insurance markets and increasing the costRead More →