Six months after devastating floods hit the north Queensland city of Townsville, 60% of insurance claims have been closed – but more than 400 have been denied. The Insurance Council of Australia (ICA) says almost 30,000 claims have been received since an insurance catastrophe was declared on February 2, with estimated losses of $1.24 billion. […]
Why cybersecurity matters more than ever in the mobile era
A 2018 survey by the International Workplace Group showed almost 50 per cent of Australian employees worked remotely at least half the time. More than two-thirds of those surveyed spent a day or more away from the office each week. There are compelling advantages for employees in doing so – think reduced commute times and […]
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. […]
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 […]
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