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NEWS - ASSURANCE

Insurers offer SMEs audit protection
As various state and federal government agencies expand their audit reach, the self-employed and owner operators face additional costs that are not included in arrangements they have with their accountants.

Income protection insurance
For anyone with big debts such as a sizeable mortgage, a small business that is growing or school fees for more than one child, losing the ability to earn income can be a financial disaster - in the same league as retrenchment or having a small business fail.

Royal & Sun pulls out of funds race
British insurance giant Royal & Sun Alliance is quitting its life insurance and funds management operations, joining the queue of foreign financial services companies restructuring their Australian and New Zealand activities.

Rescue package to help home builders
The home building industry was thrown a lifeline yesterday as governments offered a short-term rescue package to ease the home warranty insurance crisis.

Home building in crisis as insurer quits
The NSW and Victorian governments were in crisis talks last night about a rescue package for the building industry after major insurer Dexta stopped providing home warranty cover.

ASIC deregisters Adelaide insurance broker
The Australian Securities and Investments Commission has deregistered Adelaide-based general insurance broker Nationwide and TWU Insurance Brokers, saying it posed a significant risk to consumers.

UK life insurers blasted
The UK Consumers Association has published a damning report on the $1 trillion life insurance industry, calling for tougher regulation.