An analysis of large risk losses reported in 2018 to FM Global has revealed equipment breakdown as the major cause of all property-related losses last year, accounting for 28% of the company’s losses across all industries based on gross loss dollar amount. Findings show that 62% of equipment breakdown losses were due to lack of […]
Rise in car defects prompts insurance warning
Brokers need to inform their clients that ignoring a recall notice from their car manufacturer could void their car insurance. This warning comes after a new study by comparison website Finder found an alarming increase in car recalls in Australia over the past five years, with the overall number of recalls skyrocketing by 176% since […]
One of Antarctica’s biggest glaciers will soon reach a point
Antarctica’s glaciers are melting at unprecedented rates. This rapid ice loss contributes to rising sea-levels. In a new study, scientists found that the Thwaites Glacier in western Antarctica will likely hit a point of irreversible melting, after which it will lose all of its ice over a period of 150 years. If the entire Thwaites […]
We studied how Australian stocks have fared over the last ce...
It was Mark Twain who reputedly once remarked, ‘History doesn’t repeat itself but it does rhyme’. When it comes to money and markets it’s no different, with the Reserve Bank of Australia (RBA) this week releasing a hundred year study of the Stock Market. While it’s impossible to say what the future will bring, it […]
Al Gore: Artificial intelligence will lead the “sustainabili
Former US Vice President Al Gore has highlighted the role of technologies such as artificial intelligence and machine learning in the fight against climate change. Speaking at a CEDA-sponsored lunch in Brisbane earlier this month, Gore, who since leaving office has founded the Climate Reality Project, said we’re in the “early stages of a sustainability […]
How digital transformation is driving real change in key ind...
Digital transformation (DX) is permeating every vertical market, and industries are looking to evolve to better align with their customers’ changing requirements. The result is the development and integration of cutting edge technologies and a change of methodology to improve processes. DX is radically changing how organisations operate and is shaking up industries at speed. […]
Get ready, robots are transforming how we care for the sick ...
Meet Nao. Standing at 58cm tall, he can speak 20 different languages, recognise faces and detect obstacles. The programmable humanoid robot’s newest venture will play a key part in a South Australian-driven research project investigating how robots can help care for the sick and elderly. Project Heart is expected to unfold in Renmark in South […]
Human Aerospace’s founders are ensuring tech developed for s
Dr James Waldie and Dr Gordon Cable founded Human Aerospace in Adelaide, South Australia this year to ensure technologies developed from future space explorations also offer terrestrial benefits. “I think people forget all of the research and money that’s spent on space has a huge amount of return on investment in terms of the technology […]
The cost of crashing into a kangaroo is real, with Aussie dr...
Kangaroo collisions are costing Australian drivers more than $6 million in excess on insurance claims a year, according to research from Huddle Insurance’s ‘Roo Report’. The average vehicle damage costs after a kangaroo crash are estimated to be around $4,000. More than 7,000 drivers are involved in, and claim for, kangaroo collisions in Australia every […]
New app to assist Australians understand severe weather risk...
The Insurance Council of Australia (ICA) has developed a mobile phone and tablet app called MyHazards, that summarises the severe weather-related and natural disaster risks that could potentially affect homes and businesses. ICA CEO Rob Whelan said: “The MyHazards app has been designed to help householders and businesses across Australia, by simply putting in the […]
Latest Articles
Chronic Disease and How It Can Impact Your Business
About half of Australians have one or more chronic diseases or conditions, says the Australian ...
2025 Focus: Protecting Your SME From Climate-Driven Threats
Australia’s climate is changing rapidly, and businesses can no longer overlook the impacts. From harsher ...
Wellbeing Wins: What Worked for Australian SMEs in 2024
Fewer than half of Australian workers said their employers would put worker wellbeing above short-term ...
Cyber Safety, Simplified: The Essential Eight Principles
Cyber threats pose a constant and increasing concern for businesses of all sizes, including SMEs. ...
Balancing Maintenance and Innovation: A Must for SMEs
According to the Reserve Bank of Australia, SMEs spend 25% more on research and development ...
Flood Risks are Rising. Is Your Home Insured Against Damage?
Flooding is a major and worsening risk for many Australian property owners. Recent findings from ...
Fire risk alert: Why you need to dispose of batteries the right way
A huge rise in battery fires is putting local garbos and the environment at risk ...
Cybersecurity Rules Tighten: Is Your Board Prepared?
In an era where cyberattacks can bring even the biggest companies to their knees, the ...
Brian Cox, black holes and… insurance
From cyberattacks in outer space, to solving geopolitical risk, the presenter addressed it all. If ...
Happy New Year
The team at Austbrokers Terrace look forward to welcoming you again in 2025. Wishing you ...
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.