The Federal Government has quietly deferred a controversial plan to encourage greater use of unauthorised foreign insurers. Brokers had raised serious concerns about an Abbott Government initiative to attempt to lower insurance premiums in disaster-prone North Queensland by fostering greater UFI … [Read more...] about UFI changes postponed
Cost of cyber crime to sky-rocket
The cost of cyber crime on global business could reach as much as $2.1 trillion by 2019, according to recent research.Market analysts, Juniper Research, have compiled a report entitled The future of Cybercrime & security: Financial and Corporate Threats & Mitigation which outlines the … [Read more...] about Cost of cyber crime to sky-rocket
Industry council warns of insurance coverage threat
The Australia Taxi Industry Association (ATIA) has warned drivers and passengers that using ride-sharing service Uber could present major insurance gaps.Using UberX, which allows car-owners to pick up passengers and transport them for a fee in their own vehicles, could lead to gaps in insurance … [Read more...] about Industry council warns of insurance coverage threat