We’re often told to “reach for the stars” in our endeavours – but it’s not usually meant so literally. Yet many insurers around the world have done just that, by offering insurance against alien abduction. Promising a range of benefits, including covering medical and psychiatric costs, alien abduction policies tend to be quite generous in […]
TRIO JAILED OVER INSURANCE SCAM
Two brothers and their friend will be locked behind prison bars for years over an insurance scam that included claims for wine, diamonds, and a bouncy castle, worth more than $1m. Dariush and Jahan Mahmoodshahi, along with their friend Peter Molyneux, 26, filed multiple claims for the fake theft of luxury brands – an elaborate […]
MONITORING CLAIMS WITH WEARABLES
Wearable devices – often known as “wearables” – have emerged as a significant force in the tech industry in recent years. Though best-known for consumer applications in the fitness field – such as the Fitbit – wearables have also been utilised in a number of commercial applications too. Warehousing is probably the industry where they […]
THE MOST DANGEROUS OCCUPATIONS IN AUSTRALIA
How dangerous do you think your job is? Maybe you work in construction, or maybe your office building has a less-than-stellar maintenance record. No matter where you spend your nine to five, or even five to nine, every occupation comes with inherent risks, and it’s important to safeguard yourself against them. Still, not all jobs […]
HOW TO KEEP YOUR HOME SAFE WHILE YOU TRAVEL
Travel insurance is valuable for ensuring your trip goes safely. But in addition to this, making sure your house is safe while you’re away is vital. Here are some tips for keeping burglars away while you travel! Last year, the Australian Federation of Travel Agents reported over 2.6 million Australians travelled outbound during winter. Since […]
WEB-BASED CORPORATE EMAIL COMPROMISES RAPIDLY INCREASING
This article is a follow through to CFC Underwriting’s previous Cyber Warning notice in July this year. Email compromise is an issue massively on the rise, and taking a couple of risk management steps can hugely decrease your risk. The below “phases” may be written in ‘techie speak’, but we would encourage all businesses to […]
MAKING AN INSURANCE CLAIM: SOME TIPS FOR SMALL BUSINESS OWNE...
When you arrange your insurance through a broker, the most important first step is to contact your broker to discuss the loss. We can help you through the claim process, and assist in making the process run smoothly. When you’re put in a position of having to make a claim on your insurance, it can […]
CYBER CLAIMS BEING LED BY ORGANISED CRIMINAL GANGS – CFC
Malicious malware, such as NotPetya, and nation-state hacking have cast a dark shadow over the cyber insurance landscape, and while the threats are real, that’s just the top of the pyramid of what’s driving cyber claims. CFC Underwriting’s chief innovation officer can count on one hand the number of claims that the insurance company has […]
BATMAN MAY HAVE TO HANG UP HIS CAPE… BECAUSE OF INSURANCE IS
Batman has finally been foiled – not by a supervillain, but by mounting insurance costs. Ben Affleck, who stars as the Dark Knight in Warner Bros/DC’s recent series of superhero films, entered rehab for alcohol addiction for the third time last week. But by doing so, he may have inadvertently increased the price to insure […]
INSURANCE AND GST : SOME BENEFITS FOR YOUR SMALL BUSINESS
Good news! When you own your own small business and you have some types of insurance in place for assets in that small business, you may be able to claim some GST credits. Let’s investigate. So, what’s the deal?Basically, if you own a small business and you are registered for GST, you may not have […]
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