Sydney

Article Abstract:

Australian insurance companies have ended their ruinous price war and, as of 1991, many insurers are charging higher premiums. Furthermore, new laws requiring increased minimum capital may force many smaller insurers out of business, thus decreasing downward pressure on premiums. In New South Wales, the government has exited the automobile insurance business and many private carriers are competing in this newly privatized sector. Other various news about the Australian insurance industry is presented.

Australia, Deregulation

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Opportunity in an unexpected place

Article Abstract:

The insurance industry in Laos will open to international competition is 1995, upon the expiration of the government insurance monopoly. The structure of Laos's only insurance company, Assurances Generales du Laos, and the types of policies offered are described. Automobile accident insurance is the biggest business. The only other kinds of coverage are fire and limited workers compensation. Certain restrictions are expected for future foreign insurance company operation.

Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Surety insurance, Planning, Property and casualty insurance, Laos

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Is in-house counsel a cost-effective move?

Article Abstract:

Insurance firms that hire in-house counsel are seeking a less expensive way to get advice. However, a firm hiring its own lawyers may find that the price difference between in-house and outside counsel is narrowing. Lawyers fees are dropping during the 1990s. However, in many firms with inhouse counsel, more complex cases are still being handled by independent lawyers, increasing the company's expense for legal advice.

Insurance, Insurance Carriers and Related Activities, Legal services, Attorneys, Offices of Lawyers, Lawyers, Legal consultants

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