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Biggest threats to Australian SMEs revealed

12 April 2018 | social
Biggest threats to Australian SMEs
Australia's two million small- and medium-sized businesses are not terribly concerned about rising interest rates, but are terrified their customers may turn on them in a heartbeat, threatening their survival, QBE has found.
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Shire counts cyclone costs

9 April 2018 | social
Shire take down shade sails after Cyclone Hilda
Up to $10 million of disaster relief funding and a $380,000 insurance claim will be lodged by the Shire of Broome after two cyclones and a low-pressure system hammered the town within five weeks of each other.
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Sweeping legislative changes could impact industry

5 April 2018 | social
Insurance legislative changes in Australia
With the Royal Commission into misconduct in the banking, superannuation and financial services industry already in full swing, regulatory changes are top of mind for many both within and outside the insurance industry.
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Australia among regional leaders for cyber penalties

3 April 2018 | social
Insurance News | Data breach
Australia is one of the strictest countries in the Asia-Pacific region when it comes to data breach penalties, a new report has found. The Data Risk Management Barometer, commissioned by tech firm Dell EMC, has revealed that Australia has one of the harshest set of penalties for data breach, with maximum penalties set at $1.8 million.
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Mandatory breach notification: one month on

28 March 2018 | social
Data breach notification scheme
In the short time since the late February rollout of Australia’s mandatory breach notification scheme, the privacy commissioner has already been notified of 31 breaches, an Aon expert has said.
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Debbie the second most costly cyclone in Australia's history

26 March 2018 | social
Debbie the second most costly cyclone in Australia's history
CYCLONE Debbie is officially Australia's second most expensive cyclone, costing more than $1.71 billion to fix damage from Townsville in Queensland's north to Lismore in NSW. The Insurance Council of Australia has confirmed the cost of Debbie's damage is second to Cyclone Tracy which devastated Darwin in December, 1974.
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Insurance Council of Australia declares southwest bushfires a catastrophe

22 March 2018 | social
Bushfires Melbourne
THE devastating bushfires in the state’s southwest last weekend have already cost insurers $12 million in damages.
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Brace for more rains, floods - BoM

19 March 2018 | social
CMIB insurance | Weather forecast
The Bureau of Meteorology (BoM) has issued a 'flood watch' for coastal catchments from Ingham to Daintree in Queensland, as it forecasted further rainfall to lash across the state's northernmost region.
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90% of organisations concerned about insider attacks

16 March 2018 | social
Among businesses today, the awareness of the threat of cyberattacks and cybercrime from insiders is gaining prominence.
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Is insurtech moving to the mainstream?

14 March 2018 | social
Insurance News Australia
Insurtech could be moving more towards the mainstream of the industry, an expert has said. Laura Kalomiris, director of operations at Trov, said that one of the big trends she saw in insurtech over the course of 2017 was its move toward the mainstream as more businesses looked to jump into the innovative technology.
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