An Australian government commissioned report on Tuesday rejected drought insurance for farmers as uneconomical, dashing landowner hopes of a change in government policy which could help boost output to meet Asia's fast-growing food market.Australia is one of the world's largest exporters of wheat, … [Read more...] about Australian farmers left high and dry after report rejects drought insurance
Allianz sees cyber premiums as fire insurance of 21st century
The growing threat of hacking and a duty to protect data more stringently will accelerate demand for cyber insurance in Europe, insurer Allianz said on Wednesday, as it launched its first product aimed at Germany's small-to-medium-sized manufacturers.Cyber insurance has been slow to take off in … [Read more...] about Allianz sees cyber premiums as fire insurance of 21st century
Insurance forum for flood and storm issues
Floods in June hit a number of areas of the Coast. The Insurance Council of Australia will next week hold two insurance forums for Tasmanian claimants affected by flood and storm damage caused by last month’s east coast low.The forums will be attended by the ICA, key insurance companies, … [Read more...] about Insurance forum for flood and storm issues
NDIS begins to rollout across Australia
The long-awaited National Disability Insurance Scheme starts rolling out across Australia from Friday for the next three years.National Disability Insurance Agency chairman Bruce Bonyhady said this would revolutionise disability support and transform the lives of 460,000 disabled Australians, … [Read more...] about NDIS begins to rollout across Australia