Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency. Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, bringing its two-day drop to 13 percent. Prices also sank 6.2 percent on Monday, although it was not clear if […]
Car maker accused of selling ‘junk’ insurance
Toyota has admitted to selling ‘junk’ insurance through its dealerships, it has been reported. In a letter, Supplementary Product Disclosure Statement (SPDS) for Toyota’s novated lease insurance issued on 1 July, the automaker has in effect directly admitted to selling customers junk, News.com.au reported. Continue reading here. Source: insurancebusinessmag
10 facts that sell cyber insurance
Cyber insurance is a must for businesses, big or small, as cybercrime attacks grow in number and sophistication. Global reinsurance firm Gen Re highlights 10 facts that lead to more informed cyber insurance decisions. Continue reading here. Source: insurancebusinessmag Is your business protected by Cyber Insurance? We can help you! Contact Us!
Cyber Attacks Pose $20bn Threat To Economy
Cyber breaches in major cities could cost the Australian economy up to $US16 billion ($20.9 billion), according to a study by Lloyd’s and Cambridge University. Sydney alone has $US4.86 billion ($6.36 billion) of GDP at risk from cyber attack for 2015-2025, ranking it 12th among the world’s 301 major cities, the research shows. Lloyd’s says […]
The History of Insurance
Whether it’s the birthplace of a nation, the emergence of a superhero or the humble beginnings of an industry, everything has an origin story. Insurance is no different. But the story of insurance is a whole lot more than a series of misadventures of a bumbling stunt driver or the romance between Rhonda and her […]
Climate Change Risks
The impact of climate change is being felt in more ways than ever, according to one industry expert. Geoffrey Au, APAC chief risk officer for Zurich, said Asia Pacific is among the most vulnerable regions to the effects of climate change.“Climate change is exacerbating more risks than ever before in terms of water crises, food shortages, […]
Are You At Risk Of Being Underinsured?
Underinsurance is when you don’t have enough insurance to cover all the costs of rebuilding your home. You are considered to be underinsured if your insurance covers less than 90% of the rebuilding costs. Increasing your insurance cover may not cost very much, and you may even be able to get more cover for the […]
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Bushfire Risk – Are you protected?
How do you know if your assets are covered for bushfire damage? Most household insurance policies cover you for bushfires Make sure you understand what coverage you have, as well as any exclusions or limits that may be a part of your insurance policy. It is important to be aware of these exclusions and to query […]
Emergency Management Planning in Wake of Natural Disasters
In Australia, the reality of natural disasters such as flood, fire and even earthquakes can strike without warning. Your business is critical to your financial wellbeing and could also be a necessary service to your community, so naturally you want to protect what you can. Emergency management planning can help you identify risks to your business, […]
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