Date of this Version

September 2002

Document Type

Journal Article

Publication Details

Field, David (2002), The insurance crisis - Don't forget the victims. The National Legal Eagle, September 2002, pp. 3-5.

Copyright ©The Law Society of New South Wales , 2002.

Reproduced with permission.

Abstract

Extract:

One could hardly have failed, in recent months, to note that the insurance industry, Australia-wide, is in a state of crisis. Many factors have combined to create this state of affairs, but the net effect for many insurance companies has been that they can no longer afford to pay all the claims which they currently face, either at all, or without raising the premiums which they charge to a level which many people requiring insurance simply cannot pay.