THE devastating April storms saw more than 50,000 claims lodged with NRMA Insurance — more than would typically be seen in a whole year — new data reveals.More than three quarters or 76 per cent of all home insurance claims last financial year were for storm damage, largely attributed to the … [Read more...] about SES warns residents to prepare homes ahead of storm season after insurance claims rose 30 per cent
Could Google Be Auto-Piloting Itself Into The Insurance Business?
While some might find the recent announcement that Google (along with Volvo and Mercedes-Benz ) will accept responsibility for any accidents resulting from a flaw in the design or components of their self-driving cars to be sheer showmanship at this stage in their development, at least one observer … [Read more...] about Could Google Be Auto-Piloting Itself Into The Insurance Business?
As Cybercrime Proliferates, So Does Demand For Insurance Against It
Cybercrime is costing the global economy nearly half a trillion dollars a year, according to the insurer Allianz. It's a major threat to businesses, which are looking for ways to protect themselves. One option is cybercrime insurance.Mark Patterson found out the hard way that firewalls and … [Read more...] about As Cybercrime Proliferates, So Does Demand For Insurance Against It
Volvo CEO: We will accept all liability when our cars are in autonomous mode
But the head of Volvo warns that without broad federal guidelines, the U.S. is at risk of losing its leadership position in the development of self-driving cars.Two questions loom over automakers and tech companies as they push forward with the development and testing of self-driving cars: “Who is … [Read more...] about Volvo CEO: We will accept all liability when our cars are in autonomous mode
Product recall uncertainty for VW
It is shaping up to be one of the most expensive product recalls in history but insurance experts say Volkswagen is unlikely to be covered.Volkswagen has conceded to installing a device into diesel-engine cars that hides true emission levels during testing. The manufacturer says the device was … [Read more...] about Product recall uncertainty for VW