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Feature Stories

  • Award-Winning Insurers On The Year Ahead

    Australian insurance themes from 2015 that have hung around in 2016 include the use of technology and data, claims experience, innovation and Captain Risky. Suncorp in particular had a fantastic night in October, collecting the gong in five of the 1[more]

  • Roundtable Discussion: Pinpointing The Problems

    The insurance claims area is in need of much improvement. But how do we get started and what needs to change? To get the conversation started. Atlantis Healthcare and IntelliSure recently hosted a roundtable disucssion to understand the many challeng[more]

  • Randstad Leaders Lecture Series: Damien Mu

    “The research, it’s insane actually, it’s the definition of insanity, where every year we get the same results around the lower engagement and every year a different company, whether it be AIA or let’s say AMP or TAL, go out and they sponsor research[more]

By the Numbers

US$3.8bn Citi reported 3Q net income of US$3.8bn or US$1.23/share, a top line result which was 74 per cent up on the prior corresponding period and 13 up on the last quarter.

From the Back Page

Americans choke on $1 coin stockpile

The UK newspaper The Telegraph reported recently that a mountain of 1.2 billion dollar coins is sitting unused in US government vaults because the American public is so attached to the traditional dollar bill. The US Mint has been producing vast numbers of the gold-coloured coins after being ordered to do so by Congress in 2005.

American taxpayers could save $500 million (A$524m) a year if they switched from paper dollars, which wear out quickly and must be replaced, to the more durable metal version, according to  the US government accountability office.

Yet demand from banks for the coins has been so low that US$1.2 billion worth – which cost US$300 million to manufacture – are sitting in storage, an investigation by National Public Radio found.

According to The Telegraph, opinion polls show that three-quarters of the American public say they would prefer to carry on using the paper dollar bill, affectionately known as the “greenback”, which celebrates its 150th birthday next year.

 

Comment: AB+F Blog

Two early for reform celebration: The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act passing into law rolled quietly by last month... [more]

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