Biotech Insurance News

Sun, 19 August 2007
MBF To List On ASX
MBF Australia said it intends to demutualise and list on the Australian stock exchange in an attempt to grow and diversify its business. The health insurer said its plans have been endorsed by the MBF Council. It said a share market listing is likely in calendar 2008. The board believes that demutualising is in the best interests of policyholders, that it will maximise MBF's future growth potential and enhance its ability to compete in a rapidly changing environment," chairman John Conde said.

Sun, 18 October 2009
Australian Farmers Ready to Sue
The potential for Australian farmers to sue over contamination from neighbouring bioengineered crops has insurance companies worried, prompting a review of public liability policies.

The issue has also forced a review by the Gene Technology Grains Committee of how soon crop segregation and traceback technology can be introduced, although a committee spokesman said its deliberations would probably remain confidential until later this month.

Wesfarmers Federation Insurance, a major national company, has sought legal counsel on its liability for biotech crop claims. Spokesman Roger Barnett said the firm is still working through its options.

BOOKMARK THIS WEBSITE
To add Biotech Insurance to your favourites, simply click here.

|  home  |  news  | links  |