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List News Articles

What is Business Interruption?

28 July 2016 | walter
Would your business survive if it was damaged by a severe weather event, fire, flood or the cessation of a key supplier? How would you cover the cost of revenue and profits lost while you rebuild?

Heat records broken across southeast

23 March 2016 | walter
Temperatures in parts of Victoria and NSW hit record levels this month and modelling suggests the above-average warmth will extend into next month, according to the Bureau of Meteorology. “The April outlook suggests warmer-than-average days and nights over northern Australia and parts of the southern coastline,” Senior Climatologist Catherine Ganter told insuranceNEWS.com.au.

Energy Group settles $4 million Blue Mountains lawsuit

23 March 2016 | walter
Endeavour Energy has settled a class action led by IAG over a 2013 bushfire in the Blue Mountains. The suit, which was filed by William Roberts Lawyers, acting for IAG, was settled for $4 million.

Are Home Networks a Risk for Your Business?

10 March 2016 | walter
It’s not uncommon for staff to take home a company laptop and connect it to their domestic network. That network may be protected by a firewall but internally it is still vulnerable. For example, other devices may be connected, such as family members’ PCs and smartphones, as well as smart TVs, DVD recorders, child monitors, CCTV systems, and even fridges. All of these are capable of being hacked.

Steadfast hails "outstanding" result

1 March 2016 | walter
Steadfast has reported 6.3% organic growth in revenue to $226 million for the six months to December 31. This figure strips out the impact of Steadfast’s recent acquisitions – Calliden and QBE agencies. With these factored in, revenue growth for the half-year was 108.4%. CEO Robert Kelly told an adviser briefing organic growth is solid despite flat market conditions.

Insurers struggle to asses damage in cyclone-hit Fiji

1 March 2016 | walter
Damage to Fiji’s communications facilities is making it difficult for insurers to assess the destruction left by Tropical Cyclone Winston, the strongest storm to have struck in the southern hemisphere. New Zealand insurer Tower and global loss adjuster Crawford & Company say it will take a while to estimate insured claims in the Pacific island nation.

Uber Drivers Beware - Motor Insurance for ridesharing services

2 February 2016 | walter
It is undisputed that the most well known and widely used rideshare service operating in the world today is Uber. Launched in the USA in 2010, and expanding into Australia in 2012, Uber’s app-based service connects drivers known as “driver partners” who use their own personal vehicles to transport customers needing a ride.

Cybercrime - In the top 5 risks faced by Australian business in 2015

2 February 2016 | walter
Cybercrime costs the Australian economy over $1 billion annually. Cybercrime risk moved into the top 5 risks faced by Australian business in 2014 according to Allianz research; it wasn’t in the top ten in 2013. Businesses are being targeted by criminals using highly sophisticated cyber attacks such as denial of service (DoS), botnets, worms, spear phishing and drive-by exploits. Cyber crime and data breaches cost the global economy around $120 billion annually and are considered one of the top emerging risks for the 21st Century.

Paris hears IAG's call for united front on disaster management

10 December 2015 | walter
Greater collaboration among governments, insurers and other stakeholders is the key to building disaster-resilient communities, according to the IAG-led PSI Global Resilience Project.

CGU Steps in to save Tropfest

10 December 2015 | walter
Famous short film Tropfest has been saved by eleventh-hour sponsor CGU Insurance. The 22 year old event was cancelled last month due to what founder John Polson called a "terrible and irresponsible mismanagement of funds". The festival will now go ahead on Valentine's Day in Sydney's Centennial Park Since it was first held in 1993, Tropfest has grown to become the world's largest short film festival, fostering Hollywood stars including Rebel Wilson and Sam Worthington and directors as The Black Balloon's Elissa Down and Two Hands' Gregor Jordan.