A number of Australians are expected to head to Russia this June for one of the world’s top sporting events, the World Cup. But with political tensions in the eastern European nation, and the ongoing threat of terrorism, at an all-time high, Allianz Global Assistance (AGA) is advising travellers to take precautions to ensure a […]
Who will win the World Cup? JLT Specialty shares its study If you’re wondering who’s likely to win World Cup 2018, then this study from insurance broker JLT Specialty has interesting insights for you. Citing new research from JLT, Actuarial Post reported the odds – Brazil, with a 17.89% chance to bag World Cup victory, […]
Another day, another cyberattack: just last week, two major Canadian banks – Bank of Montreal and Canadian Imperial Bank of Commerce – revealed that they had been contacted by cyberattackers claiming to have stolen the data of nearly 90,000 customers, in what was described as the first significant assault on financial institutions in the country. […]
It looks like the message is finally getting through after a recent survey found over half of Australian and New Zealand businesses increased their cyber security spend last year. A new report by Australia’s Cyber Emergency Response Team (AusCERT) showed that 58% of organisations across the region bumped up their spending in 2017. The […]
Tesla’s foray into designing its own car insurance program is looking like a good idea, as the Tesla Model S was recently named the most expensive car to insure in the United States. According to data from the Insurance Institute for Highway Safety, the Model S cost an average of US$1,789.48 in annual insurance paid. […]
A senior underwriter has urged brokers to further educate their clients on cyber risk, saying criminals are still having alarming success with traditional methodology. Speaking at a webinar earlier this week, Gerry Power – Emergence’s national head of sales – told the 1,100 attendees that hacking was involved in 48% of breaches, while malicious software […]
Demonstrating value-add can sometimes be a battle for brokers as consumers only see the biggest benefits of the relationship when it comes to claims time – however, one recent study has taken steps to quantify that benefit so brokers can show exactly how much they’re bringing to the table. Earlier this week, Vero released its […]
An expert has given his tips on navigating contractual liability and its relationship to general liability insurance cover. Glenn Eason, national liability manager at Solution Underwriting, said that insureds face exclusions on liability policies due to contractual liability – something brokers should be aware of. “General liability policy wordings will normally exclude contractual liability, although […]
The following is an opinion article written by Peter Bailey, general manager, Aura Information Security. The views expressed within the article are not necessarily those of Insurance Business. With digital technology now a critical part of modern business, keeping systems and data safe has become a board-level issue. Where once responsibility would have been delegated […]
Tasmania continues to face rental housing shortage – an issue made worse by damages to rental properties that not only discourage people from investing in housing, but also drive up insurance premiums. In a recent case, Abby Cooper, PRDnationwide property manager, told of massive damage to a client’s Rokeby property caused by departing tenants who […]
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