AIG, Chubb and Allianz readying for flood of cyber insurance requests
Insurance companies are readying for an influx of demand from businesses for cyber indemnity products when mandatory data-breach reporting laws are come into effect at year’s end. […]
Read More
Multi-peril crop insurance: Can insurance against drought help farmers prepare for climate change?
A small but increasing number of Australian farmers are insuring their crops against drought, and with concern growing about a predicted El Nino and the […]
Read More
Litigation, PR disasters and higher insurance costs expected from new data breach laws
A leading US data protection lawyer has warned Australian businesses that they need to have clear action plans in place to avoid expensive embarrassment, following […]
Read More
Driverless technology set to reduce bad driving and high car insurance premiums
Australians are leading the global crusade against bad driving with the help of Roadshamer.com, a website that allows users to upload video and photos of illegal […]
Read More
Drones: four ways insurance might benefit
Drones have changed the way we see the world. And with their increased accessibility and affordability, they are capable of changing the way in which […]
Read More
Good Staff
How Do You Keep Them? The common misconception is that all you have to do is pay well. Many studies have found that this […]
Read More
Permanent ban for insurance advisor
ASIC has permanently banned a former authorised representative of ACE from the financial services industry as part of an on-going investigation. Abhinav Gupta was an […]
Read More
Tougher Transport Laws
Penalties to Hit Harder Recent changes to transport laws now hold more individuals and companies in the transport chain accountable for breaches. The Heavy […]
Read More
Leading insurer to refund over $2 million
CGU and Accident and Health International (AHI), a wholly owned entity of CGU, have agreed to refund customers more than $2 million in payday loan […]
Read More
Largest ever insurance acquisition announced
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 […]
Read More
Pollution Liability Insurance
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 […]
Read More
Cyber insurance could be limiting security
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 […]
Read More
Underinsurance
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 […]
Read More
Closing your business?
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 […]
Read More
Workers Comp in QLD
Changes on the Way With the recent election of the Labor government in Queensland, the repeal of the impairment threshold for access to common […]
Read More
Central Highlands property owners should see insurance drops
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 […]
Read More
Credit card travel insurance under the spotlight
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 […]
Read More
UFI changes postponed
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 […]
Read More
Cost of cyber crime to sky-rocket
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, […]
Read More Industry council warns of insurance coverage threat
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 […]
Read More
Higher Excess can mean Lower Premiums. Not always a good move.
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 […]
Read More
Underinsurance. Surveys reveal alarming statistics.
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 […]
Read More
“The Cloud”. What is it? Where is it?
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. […]
Read More
Disaster recovery. There’s no quick fix
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 […]
Read More