FOR chicken farmer Michael Shaw it was a farm insurance bill big enough to raise his eyebrows, blood pressure and ire. His annual bill including tax and levies, which he paid just a few days ago, had jumped by 10.2 per cent to nearly $9450.
QBE Insurance will raise up to $2 billion to fund an overseas buying spree, with the underwriting giant snapping up five mid-size insurance specialists, mostly aimed at widening its US presence.
HUNDREDS of jobs will go in a shake-up of Insurance Australia Group that new chief executive Mike Wilkins will unveil this week as part of his efforts to restore confidence.