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MEDIA & ENTERTAINMENT INDUSTRY NOT READY FOR CYBER RISK

More than half of media and entertainment firms experienced three or more cyberattacks over a 12-month period, according to a new survey from specialist insurer Hiscox. “Media and entertainment firms are uniquely vulnerable to cyber crime,” Hiscox said in a news release. “High-profile products and complex production processes, coupled with the media and entertainment industry’s […]

RESPONSE TO CALLS FOR MANDATORY TRAVEL INSURANCE

Last week saw NSW Health Minister Brad Hazzard call for all tourists visiting Australia to require mandatory health insurance. “Every time an uninsured visitor does not pay for their treatment in one of our public hospitals, taxpayers foot the bill,” he noted on Thursday last week.  Every year, uninsured visitors account for roughly $30 million in […]

FAR OUT FRIDAY – SPACED-OUT INSURANCE POLICIES

We’re often told to “reach for the stars” in our endeavours – but it’s not usually meant so literally. Yet many insurers around the world have done just that, by offering insurance against alien abduction. Promising a range of benefits, including covering medical and psychiatric costs, alien abduction policies tend to be quite generous in […]

TRIO JAILED OVER INSURANCE SCAM

Two brothers and their friend will be locked behind prison bars for years over an insurance scam that included claims for wine, diamonds, and a bouncy castle, worth more than $1m. Dariush and Jahan Mahmoodshahi, along with their friend Peter Molyneux, 26, filed multiple claims for the fake theft of luxury brands – an elaborate […]

MONITORING CLAIMS WITH WEARABLES

Wearable devices – often known as “wearables” – have emerged as a significant force in the tech industry in recent years. Though best-known for consumer applications in the fitness field – such as the Fitbit – wearables have also been utilised in a number of commercial applications too. Warehousing is probably the industry where they […]

THE MOST DANGEROUS OCCUPATIONS IN AUSTRALIA

How dangerous do you think your job is? Maybe you work in construction, or maybe your office building has a less-than-stellar maintenance record. No matter where you spend your nine to five, or even five to nine, every occupation comes with inherent risks, and it’s important to safeguard yourself against them. Still, not all jobs […]

WEB-BASED CORPORATE EMAIL COMPROMISES RAPIDLY INCREASING

This article is a follow through to CFC Underwriting’s previous Cyber Warning notice in July this year. Email compromise is an issue massively on the rise, and taking a couple of risk management steps can hugely decrease your risk. The below “phases” may be written in ‘techie speak’, but we would encourage all businesses to […]

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