Damage arising from hail storms is the leading cause of severe thunderstorm loss in Canada, according to Steve Bowen of Aon Benfield, with the most common claim types being personal property home owners and personal automobiles. Southern Alberta is at particular risk given its proximity to the mountains and rapidly shifting weather patterns. The Insurance […]
Aussie Insurance Industry Reacts to Brexit
Some leading lights of the Australian insurance industry have had their say on Brexit, what it could mean for both the Australian and global industry and how brokers will be affected. Peter Harris, managing director of CBL Insurance, told Insurance Business that uncertain times could be ahead for insurers domiciled in Britain which could impact Australian brokers. […]
Benefits of an Insurance Broker
There are many benefits of an insurance broker. Among them, you get the added value of extra care and service when you use our services, and this doesn’t cost you any extra! If this sounds like a benefit for you, please contact us.
Your Superannuation + its Default Insurance
The case of how one REST Industry Super member was denied a payout on her disability insurance highlights much broader problems in the system. Most Australians, although they might not realise it, pay for three types of insurance via their super fund. Death cover, total permanent disability (TPD) cover, and income protection are standard inclusions. Individuals typically have […]
Cyber Security
The UK Government’s Cyber Security Breaches Survey found two thirds of large businesses experienced a cyber breach or attack in the past year, with 70% of incidents involving viruses, spyware or malware. The most expensive breach recorded cost the company involved £3m, while the average cost of an attack on a large business was £36,500. Geoff […]
Austbrokers Testimonials
Thank you to Arthur Diamond from Diamond Brothers for this testimonial: “The Heavy Haulage Industry has gone through many ‘ups and downs’ over the last few years and our business has had to adapt accordingly. Austbrokers Terrace has worked alongside us during this period, keeping us informed at all times of how our insurances are […]
When To Use An Insurance Broker
If you’re thinking of buying an insurance policy for something you don’t know much about or insuring something fairly unusual, you might want to think about using an insurance broker. They’re experts in the market and – even with run-of-the-mill insurance – they can often find you better cover at a great price. Many people […]
Insurer QBE’s Invitation to Activists
Keep protesting! That’s the message QBE CEO Group John Neal had for climate change activists and investors, who launched a publicity-generating attack on the company recently, to coincide with the insurer’s shareholder meeting. Neal said he encouraged them to protest the company’s underwriting of the fossil fuel industry, saying their voices were ‘important’ in the climate change […]
Business Should Invest in Robust Cyber Coverage
The release of Verizon’s 2016 Data Breach Investigations Report (DBIR) underlines the need for businesses to have robust cyber coverage and for brokers to have conversations with their corporate clients about cyber security, says a top cyber and financial institutions specialist. A cyber policy can provide everything from cover for fines, investigations costs, IT forensic […]
2016 Budget Good News for Insurers
The Insurance Council of Australia (ICA) has welcomed the increase in funds allocated in the 2016 Federal Budget towards making Australian communities and infrastructure more resilient to natural disasters. Rob Whelan, CEO of the Insurance Council of Australia, said with state and territory governments typically committing to match federal funds delivered through the partnership, more than […]
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