Eighty homes have been flooded and 39 roads remain closed after torrential rain and gale force winds battered the Adelaide Hills, causing millions of dollars in damage. Premier Jay Weatherill said the damage bill was still to be determined but it was safe to say it would run into millions of dollars. Some of that, […]
Cyber Attacks on the Rise
Chinese and Russian spies have reportedly stepped up their cyber attacks on Australian government networks with hundreds of hacking attempts now made every month. Everyone witnessed first hand the cyber attack on the Australian census recently. With even ‘prepared’ big business and governments being affected, individuals and small-medium business must have the adequate cyber insurance […]
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Self-driving Vehicles – Big Disruption to Car Insurance Indu
In a classic case of ‘digital disruption’, for those involved in the motor insurance and related industries, the ‘autonomous or driverless vehicle’ discussion has become an increasingly important consideration in strategic and business planning due to their potential to profoundly change the motor insurance industry in the medium to long term. A 2015 KPMG report […]
Australia’s Favourite Pet Names Revealed
Whether you’re a cat or a dog lover, new data shows Australians are naming their four-legged friends the same, with ‘Bella’ the most common name for both pets in 2015, followed by ‘Charlie’, ‘Max’, ‘Molly’ and ‘Coco’ which also feature as popular names for both cats and dogs. See the full list of names and […]
Best Funny Car Claims
Suncorp Claims Team has identified for Carsguide some of the more “unusual” claims stories to show a lighter side to the industry. But that didn’t stop UK comedian Jasper Carrott from performing a hilarious stand-up routine in the 1980s in which he simply read out real accident insurance claims. Examples included a lady making a claim for […]
Insurance Industry Challenged Over Mental Illness Travel Exc...
A 21-year-old Melbourne woman is challenging insurance giant QBE over its blanket exclusion of mental illness in its travel insurance policy, in what could be a watershed legal case for the industry. Ella Ingram, who developed depression when she was 17, was refused reimbursement for a 2012 school trip to New York, after she became […]
Pokemon Go Exposes Users to Security Risk
It has taken America by storm – but may have led millions of iPhone users to inadvertently give away access to their Google account. Experts have warned that iOS users of Pokémon Go are putting themselves at risk by signing up using Google. By signing up to the game, it gives maker Niantic access to […]
Insurance Through Super
Most super funds offer life insurance for their members. If you haven’t done so, we would recommend you check with your superannuation fund what insurances you have as part of your policy. Super funds typically have three types of insurance for members: Life insurance; Total and permanent disability and Income protection. Read full article here. Source: Money Smart
Recent Australian East Coast Storm Insured Losses Hit $377 M...
Estimated losses from the east coast low that hit Queensland, NSW and Tasmania in July 2016 now stand at $377 million. Insurance Council of Australia (ICA) CEO Rob Whelan says insurers have received 43,244 claims so far. Read full article here. Source: Insurance News
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