Common exclusions in aviation insurance policies may stymie coverage for families of the victims of EgyptAir Flight MS804, as new evidence seems to point to deliberate sabotage of the aircraft, which plunged into the sea while flying from Paris to Cairo in May. Trace levels of the explosive material TNT were found on debris from the […]
Drones to Drive Disaster Response
It may seem like a high-flying idea but drones are set to have a major impact on the insurance industry through business practices and new coverage. Mark Mitchell, CEO Asia of Allianz Global Corporate & Specialty, told Insurance Business that drones will be key to the industry over the coming years. “Drone data could drive the future of […]
Benefits of Using an Insurance Broker
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Does Your Business Need A Cyber Health Check?
Cyber-attacks against global companies get the headlines, but small to medium-sized businesses are just as likely to be targeted by criminals. The Australian Cyber Security Centre recently reported that half the large businesses SMEs in its 2015 cyber survey had experienced at least one cyber-attack during the year that had compromised confidentiality, integrity or network availability. “If […]
Costco Should Pay Damages for Selling Fake Tiffany Rings
Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled to punitive damages, the jury in Manhattan said. Lawyers for both sides were presenting evidence on Friday to help determine the amount of punitive damages.For commercial […]
Using Insurance Brokers can Simplify Your Life
Insurance brokers are professionals who know the ins and outs of their industry and the products used. They’re experts at juggling many different products for their clients and exploring the best options. Especially when you have complex insurance needs. Contact us here to discuss your individul needs. For full article click here. Souce: Understand Insurance […]
Insurance Catastrophe, NSW Floods
The Insurance Council of Australia (ICA) has declared the major flooding around Forbes in the Central West of New South Wales a catastrophe. Rob Whelan, ICA CEO, said the insurance industry was still unclear about the full extent of damages to residential and business properties and crops, but had escalated its response to help policyholders. Read […]
Yahoo Sued over Cyber Hacking Incident
Yahoo was sued on Friday by a user who accused it of gross negligence over a massive 2014 hacking in which information was stolen from at least 500 million accounts. Read full article here: Source: Business Insider. Picture: Shutterstock
Insurance: Are You Putting Yourself at Risk?
Insurance can sometimes seem counter-productive, especially if you’re paying premiums year after year and never making a claim. Managed wisely, however, it can be a valuable partner in your long-term wealth creation plans, and guard against severe financial disadvantage if your circumstances change. As with any investment, choosing the right level of insurance cover can […]
What is Cyber Liability Insurance and Why Do You Need It?
Cyber insurance can’t protect your organisation from cybercrime, but it can keep your business on stable financial footing should a significant security event occur. Technology, social media and transactions over the Internet play key roles in how most organisations conduct business and reach out to prospective customers today. Those vehicles also serve as gateways to […]
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