A four-year-old boy died after getting injured in a swing-set accident while staying at an Airbnb in Queensland during the weekend, while a seven-year-old girl suffered a broken arm. The boy’s death is currently being investigated by the Workplace Health and Safety because it took place at an Airbnb, which is classified as a business. […]
Majority Are Underestimating Cyber Risk – CHUBB.
Despite the increasing frequency of cyberattacks, most people are largely unprepared and at risk should they or their family be targeted, according to a new study from Chubb. Most respondents (86%) to the 2018 Chubb Cyber Risk Survey said they were concerned about cyber incidents. However, the study found that most were either underestimating or completely […]
Direct Insurer Faces Storm of Criticism FromCyclone Debbie V...
At Austbrokers Terrace, we manage our clients’ claims for them. While sometimes delays are inevitable, and not everything is covered, we look over the claim process for you for the best outcome possible. Contact us now if you would like a quote. Australian insurer Youi is once again facing a storm of criticism from dissatisfied […]
Far Out Friday – Shooting For The Stars.
In 2018, space travel hasn’t yet become as common as science fiction might have once suggested it would. But with organisations such as SpaceX, Virgin Galactic and Blue Origin touting the potential benefits of civilian space travel and tourism, it’s possible we’ll see it within our lifetime. This is all very fun and exciting, but […]
RACQ: TEENS ADMIT THEY’RE TERRIFIED IN CARS
New research from RACQ has revealed that an alarming 74% of high-school students were scared for their lives when they hopped in the passenger seat, prompting the auto insurer to issue a wake-up call to teens and their parents ahead of the school holidays. “Teens can feel they’re in danger in a car for a […]
STUDY REVEALS MOST COMMON WAYS AUSTRALIAN CARS ARE DAMAGED
A new report has revealed the most common ways Australian drivers damage their car, and why it is best to have comprehensive car insurance to be prepared for anything that happens on the road. The survey of 2,000 Australians found that being rear-ended by another vehicle is the most common cause of car damage, with […]
OUTDATED MEDICAL DEFINITIONS RAISE RISK OF CLAIMS DENIAL
The heat continues to be turned up on the insurance industry, with yesterday’s hearings at the Royal Commission highlighting yet more issues with the life insurance industry. Helen Troup, managing director of CommInsure took the stand, with a particular emphasis being placed on issues surrounding consumer understanding of medical issues vs the legal definitions of […]
MEDIA & ENTERTAINMENT INDUSTRY NOT READY FOR CYBER RISK
More than half of media and entertainment firms experienced three or more cyberattacks over a 12-month period, according to a new survey from specialist insurer Hiscox. “Media and entertainment firms are uniquely vulnerable to cyber crime,” Hiscox said in a news release. “High-profile products and complex production processes, coupled with the media and entertainment industry’s […]
CYBER MARKET TO DOUBLE IN SIZE BY 2020, GLOBAL INSURER SAYS…
Munich Re has estimated that the cyber insurance market will double by 2020, thanks to an increase in the use of connected devices and the subsequent surge of complex risks associated with such systems. The German company shared its business forecast during the Rendez-Vous event – an annual meeting of reinsurers in Monaco earlier this […]
RESPONSE TO CALLS FOR MANDATORY TRAVEL INSURANCE
Last week saw NSW Health Minister Brad Hazzard call for all tourists visiting Australia to require mandatory health insurance. “Every time an uninsured visitor does not pay for their treatment in one of our public hospitals, taxpayers foot the bill,” he noted on Thursday last week. Every year, uninsured visitors account for roughly $30 million in […]
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