Steel Pacific Insurance Brokers
The Steel family established Pacific Insurance Brokers in 1982, opening offices in both the Solomon Islands and Vanuatu.
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
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
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
Most insurers will allow you to increase your excess to reduce your premium. Why? Because when you increase your excess it shifts some risk from the insurer back to you. It represents a saving for insurers, as they no longer have to pay out numerous small claims.Often people see a higher excess as … [Read more...] about Higher Excess can mean Lower Premiums. Not always a good move.
Probably due to the harsh reality of the current economic climate, it is estimated that 1 in 6 small businesses have no insurance of any kind. Of businesses that are insured, half of these are insured for only 60 to 85% of Replacement Value. And it gets worse with the revelation that between 17 to … [Read more...] about Underinsurance. Surveys reveal alarming statistics.
In the simplest terms, ‘cloud computing’ means storing and accessing data and programs over the Internet instead of on and from your computer’s hard drive. ‘The cloud’ is just a metaphor for the Internet. There is no real, puffy white cloud involved; it’s just a 3rd party service provider’s server, … [Read more...] about “The Cloud”. What is it? Where is it?
The Brisbane hailstorm event of late November 2014 led to more than 102,300 claims worth $1.08billion. The storm caused extensive damage to homes, businesses and vehicles as it ripped through the city at rush hour.The event may have slipped from front-of-mind position for many of us but there is a … [Read more...] about Disaster recovery. There’s no quick fix
As a result of the Lindt café hostage siege in Sydney that ended in tragic circumstances, the Federal Government has now determined the actions of the gunman was a terrorist act.This declaration was a key point for the insurance industry as the Terrorism Insurance Scheme that was created following … [Read more...] about The cost of Terrorism