Horror stories about alleged Youi scams and frauds have flooded in after Fairfax revealed allegations of wide scale illegal conduct at the major insurer.Since the story was published on Sunday, August 28, Fairfax has been contacted by more than 140 Youi customers claiming the company took their … [Read more...] about Youi customers share their worst horror stories
Aon says hacks, attacks and outages cause surge in cyber insurance policies
Insurance giant Aon says it has brokered more cyber insurance policies to Australian organisations already in 2016 than it did in the whole of 2015, as increasingly high-profile incidents including this month's online census failure spur businesses to think about protection.The company's cyber … [Read more...] about Aon says hacks, attacks and outages cause surge in cyber insurance policies
Priority breach response intrinsic to BHSI’s Australian cyber-insurance debut
Policyholders given broad cover, rapid access to Symantec security specialists.The decision to forge a strategic partnership with Symantec is helping Berkshire Hathaway Specialty Insurance Company (BHSI) set the bar for cyber-insurance in Australia by supporting policyholders with rapid access to … [Read more...] about Priority breach response intrinsic to BHSI’s Australian cyber-insurance debut
ASIC permanently bans former insurance company director
The Australian Securities and Investments Commission (ASIC) has permanently banned a former NSW director of an insurance broking company, Timothy Charles Pratten, from providing financial services and from engaging in credit activities for "dishonestly obtaining a financial advantage from the … [Read more...] about ASIC permanently bans former insurance company director