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January 2018 - Austbrokers Terrace Insurance | Adelaide | Melbourne

BREACH NOTIFICATION LEGISLATION IS HERE – IS YOUR BUSINESS P

  Since the inception of our Blogging section of our website, articles regarding Cyber Crime, Cyber Liability, ‘Cyber anything’ have been a constant. We have gone to great lengths to write and forward information to our existing or prospective clients about the emerging peril of Cyber Crime and its potentially catastrophic effect on society. We […]

INSURER REVEALS STARTLING HOLIDAY HOME CLAIMS

New claims research from IAG has found that one in six tenants of holiday rental properties had accidentally broken or damaged property while on holiday. The research found that one in seven had been injured in a home they were staying in, while one in five had held a party or been invited to a […]

BUFFETT BACKS “BAD END” FOR BITCOIN

Warren Buffett has said that he would never invest in cryptocurrencies such as Bitcoin despite their recent popularity. Bitcoin hit record prices last month of close to $25,000 but prices have since fallen by 25%, as cryptocurrencies continue on a roller-coaster ride. The Oracle of Omaha said, in a recent interview with CNBC, that he […]

$500K FRAUD FOILED BY PHONE FAIL

A Sydney man has been denied an insurance payout of more than $500,000 after it was found that his friend was responsible for the fire that destroyed his investment property. Sachin Sharma claimed $466,252 on his home policy and $60,637 for the contents at the property in Ingleburn in the city’s southwest which was destroyed […]

TAKING ON THE INSURANCE CONUNDRUM OF THE WINTER OLYMPICS

Before crowds could gather in PyeongChang for the opening ceremonies of the Winter Olympics, design professionals and contractors created the ice rinks, ski jumps, and bobsled tracks on which athletes compete. For an event as big as the Olympics, professional liability insurers also worked hard to help clients mitigate the risks that come with being […]

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