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. […]
CYBER CRIME: CLIENTS ARE DREAMING IF THEY THINK IT WON’T HAP
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 […]
NEW DATA REVEALS BROKER IMPACT ON SMEs
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 […]
HOW CONTRACTUAL LIABILITY CAN IMPACT GENERAL LIABILITY
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 […]
CYBER THREATS: JUST HOW MUCH DOES YOUR BOARD WANT (AND NEED)...
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 […]
DAMAGE TO RENTAL PROPERTIES DRIVES UP PREMIUMS
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 […]
CLASS ACTIONS TAKING OFF IN CYBER MARKET?
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 […]
Latest Articles
What safety measures should Australian women take when travelling? Insurer offers crucial tips
EV charging stations – what are the risks and insurance implications?
Revealed – travel insurance costs surging in Australia (Finance expert warns on dangers of ditching the cover)
New – but worth thinking about
3 Applications of AI That Could Change Your Ag Business
Using Foreign Manufacturers? Here’s How To Reduce Your Risks
Spotlight on Work-Vehicle Bingles & Managing Your Risks
Builders’ Insurance: What Your Business Needs To Know
Your Guide to Benefits & Risks of Becoming a Franchisee
DISCLAIMER
This web site is designed primarily for use by Australian residents. Therefore, some products referred to in this site may be inappropriate for overseas residents. Please contact us via e-mail or phone to discuss your needs should you not be an Australian resident.
The information on this site is for general information purposes only and you should first seek advice from us to determine which products and services are most appropriate for your needs. We take our responsibilities to you seriously, and will work closely with you to customise your program to suit your needs.