ACE Ltd. announced it would pay US$28.3 billion in cash and stock to acquire its rival, Chubb Corp., in the largest-ever acquisition between two companies in the insurance industry.ACE shareholders will now own 70% of the new company, which will operate under the Chubb name and be led by ACE Chief … [Read more...] about Largest ever insurance acquisition announced
A Must-Have For Many Businesses Many business owners are unaware their standard business package insurance will not cover pollution remediation. It’s likely that contractors and other professionals working on major infrastructure and construction projects will have appropriate cover, but the cover … [Read more...] about Pollution Liability Insurance
Over reliance on cyber insurance could lead to security breaches thanks to a distorted focus, a leading cyber expert has said.Principal security analyst at global cyber security firm Websense, Carl Leonard, said that when company’s shift their focus to insurance rather than mitigation, they leave … [Read more...] about Cyber insurance could be limiting security
Weather Events Demand a Closer Look Following on from the previous article in the last edition of Brokerwise, we continue to focus on the impact of Co-Insurance or “Underinsurance” as it is more commonly known. The importance of considering and selecting appropriate and adequate Insurance Policy … [Read more...] about Underinsurance
Don't Cancel Your Cover The business has closed, it’s no longer trading, no more parts or products being manufactured or imported. No more installations or maintenance. No goods for sale. So, time for retirement or a change in direction. We just need to cancel the insurance. Well, not exactly. … [Read more...] about Closing your business?
Changes on the Way With the recent election of the Labor government in Queensland, the repeal of the impairment threshold for access to common law claims arising out of workplace injuries seems imminent. Changes to the WorkCover scheme, introduced in October 2013, meant that workers assessed with … [Read more...] about Workers Comp in QLD
MANY property owners might see their property insurance premiums drop next year after a meeting between the Central Highlands Regional Council and the Insurance Council of Australia recently.A report on the progress of the Emerald Flood Protection Scheme was presented by a representative … [Read more...] about Central Highlands property owners should see insurance drops
Those heading overseas during the upcoming school holidays could be buying travel insurance they do not need.Many credit cards come with travel insurance, often not just covering the card-holder but also the spouse and up to two children, provided they are still students.Online comparator Mozo … [Read more...] about Credit card travel insurance under the spotlight