Whether the weather will affect us The El Niño weather event currently in place across the Pacific, including Australia, has the potential to be one of the worst ever, according to experts. The Bureau of Meteorology has consistently warned of a rising El Nino threat over the past months and now global experts have stated […]
What risks our industry fear Insurers have named cyber risk as the biggest risk they face in Australia, according to the latest research conducted by PricewaterhouseCoopers. The 2015 Insurance Banana Skins Survey asked 806 insurers from more than fifty countries what they saw as the biggest risks to the insurance industry and the 28 Australian […]
Bad balance! A 12-year-old Taiwanese boy who accidentally tripped and fell, punching his fist through an antique painting valued at $2.1 million, has joined a growing list of art fumblers keeping insurance companies busy. The trip, which looked like something out of a Charlie Chaplin movie, saw the boy stumble over the rope barrier intended […]
The rising risk of drones An ever-increasing range of applications have made drones the highest flying aviation sector in terms of growth but a leading insurance authority has warned of key risks that threaten to ground the industry. A new report from Lloyd’s predicts that expenditure on drone acquisition alone is expected to double to […]
Too bizarre to be a lie! Here’s a moral dilemma for you. If you lost your mobile phone up a cow’s behind, would you come clean (as it were) to your insurance company? Or just pretend you’d left it on the bus? All things considered, we think we’d probably go for the latter option. However, […]
Could we handle flood? A leading expert has criticised Australia’s readiness for flood following storms which hit Sydney and New South Wales this week. The weather, which saw hail the size of 20 cent coins and severe weather conditions hit Sydney and the New South Wales south coast, saw many areas affected by flash flooding. […]
Is the cloud safe? 10 things you need to know If we’re talking about the cloud, we have to talk about security. It seems that every time the cloud is brought up in the enterprise, the conversation to follow is focused on how secure, or not secure, it really is. Some would have you believe […]
A fragile economy is when insurance is most needed Following is an article that is relevant to many businesses. It comes as no surprise that when times are tough insolvencies increase, and we are faced with that economic climate right now. Our team are capable of sourcing the right Credit Insurance to provide you with […]
The Ferrari and the rich kid Despite having 15 luxury cars already in his possession, the son of a Swiss multi-millionaire was so intent on upgrading his collection he devised a scam to claim another model on his insurance. The unnamed 20-year-old, who was said to have become bored with his Ferrari 458 Italia, (similar […]
A lack of sound advice or naivety? The following article is an excellent example of how what is covered under an insurance contract can be easily misinterpreted or misunderstood. We at Austbrokers Terrace are not arrogant enough to suggest we would have provided a more informed process in this instance, but this should at least […]
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