Shareholder class action lawsuits could soon make their presence felt in the cyber insurance market, an expert has said. According to Bloomberg, tech giant Yahoo last month reached an $80 million settlement with investors over claims that executives concealed data breaches following an attack thought to have shaved US$350 million off the valuation of the […]
ALLEGED SCAMMER FOILED BY DASH-CAM
A man has been caught in the midst of what appears to be an attempted insurance scam after one woman’s dash-cam recorded his bizarre behaviour. The footage, filmed in the UK, shows a man cycling into the centre of the road before throwing himself into the path of an oncoming car. He then lies prone, […]
IMPENDING CHANGES IN THE ‘CHAIN OF RESPONSIBILITY’ LAWS COUL
Changes to Chain of Responsibility laws will take effect soon – Prepare now, before time runs out. Changes to Chain of Responsibility may have a serious impact on your business. The below is an excerpt from a bulletin by Health & Safety. If you are concerned about these changes, the eBook “What Executives need to […]
AUSTRALIA & NZ JOIN FORCES ON BAD WEATHER
The Bureau of Meteorology has joined forces with its New Zealand equivalent, the National Institute of Water and Atmospheric Research (NIWA), to issue a joint statement on the “unusual” weather that plagued the region this summer. The joint special climate statement marks the first time the organisations have come together following the unusual climate that […]
USING A BROKER VS BUYING DIRECT FROM AN INSURER
If you have been dealing with an insurer direct for business insurance, now is as good a time as any to see if a broker can help you. Contact us now to discuss! When you’re a business owner, making sure your insurance policies protect your assets and your business are important and are often forgotten. […]
IP EXPOSURE COULD HAVE A “DISASTROUS” IMPACT ON CLIENTS
Are you concerned about your business’ IP exposure? Or have a contractual IP insurnace requirement? Contact us to discuss further Intellectual property risk is currently largely uninsured and could have “disastrous” effects on clients, particularly smaller businesses, an expert has said. Erik Alsegard, IP practice leader at CFC, said that IP risks generally fall into […]
QBE COLLABORATES WITH SYDNEY SWANS TO LAUNCH VR TECH
QBE is set to explore the use of virtual reality (VR) in helping create safer roads and faster disaster responses with the launch of a first-ever, immersive 360-degree VR AFL fan experience on April 1 at the Sydney Cricket Ground (SCG). The VR technology, called Swans360⁰, will provide football fans with the fully immersive experience […]
MANDATORY BREACH NOTIFICATION: ONE MONTH ON
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. Fergus Brooks, cyber risk practice leader at Aon Australia, said that statistics released by the privacy commissioner last week highlight the impact mandatory breach notification […]
CYBERSECURITY ENTERS THE BOARD ROOM AS THREAT EVOLVES
The rise in cyber attacks is forcing companies to rethink their approach to risk management, according to a new report from Marsh & McLennan Companies’ Global Risk Centre and education and development organization WomenCorporateDirectors (WCD). “With increasing threats of attack on their data and systems, boards are demanding much more information about their organizations’ risks […]
CREATING ‘BIONIC BROKERS’ WITH THE HELP OF CHATBOTS
Would you buy brokered insurance from a chatbot? And would you trust its advice on commercial insurance needs? We’d be interested to hear your thoughts – contact us now! Half-human, half-computer, the bionic broker uses virtual assistants to be ‘open’ to potential customers at all times of the day and build the right quote […]
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