As the Christchurch shootings unfolded on 15 March, the city went on lockdown and businesses had to close their doors. As the lone-wolf style terror attacks become more common, cities respond with closing off entire streets and business districts. Stella Pruscino, Account Director at Edgewise Insurance Brokers has expressed concerns regarding the current exposure for […]
APRA to banks, insurers: Act on climate risk
Insurers, banks, and superannuation funds should do more than disclose climate risks – they must take action to address them. That is according to the Australian Prudential Regulation Authority (APRA), which recently announced that it would “increase its scrutiny” of how financial services companies are transforming their businesses to mitigate climate risk. “The world is […]
PERILS reveals initial property market loss for Queensland f...
An independent Zurich-based organisation has revealed its initial estimate of the insured property market loss for the catastrophic floods that inundated northern Queensland, and in particular the city of Townsville, between January 26 and February 10. PERILS estimated the initial property loss for the Townsville flood event to be at $957 million. The figure, which is […]
Insurance company believes it can predict fire risk well in ...
Researchers and forest managers are turning to artificial intelligence in the hope it can help them predict the risk of catastrophic wildfires as climate change continues to rewrite the rule book. It’s been the subject of more than 150 recent academic studies, said Mike Flannigan, director of the Western Partnership for Wildland Fire Science at […]
Life Insurance
Interested in Life Insurance? For advice and assistance, contact our expert Life Advisor Gretchen Scannell at our partner company ABFS (SA) Pty Ltd. Phone: 0419 828 399 Email: gretchens@abfs.com.au Website: www.abfs.com.au
Could Your Airbag Take a Life? It Only Takes a Minute to Che...
If you haven’t already heard, vehicles with Takata airbags across the world have been recalled. When a faulty airbag deploys, there’s a risk the inflator could rupture, firing shards of metal into the vehicle. As many as 2 in 7 cars on Australian roads have been affected by this recall, so there’s a chance that […]
NDB SCHEME DRIVING CYBER INSURANCE TAKE-UP
CFC Underwriting has revealed it has seen 107% growth in new cyber insurance business in Australia over the past year. According to the specialist firm, the introduction of the Notifiable Data Breaches (NDB) scheme was the key driver in the take-up. “We attribute much of this growth to awareness of the impending legislation surrounding notification, […]
Dental Industry
Our relationship with the Dental Industry has been a long and successful one and is the ‘jewel in our crown’. We are the Dental Industry Insurance professionals and have tailored products specifically for this industry. Our most recent tender process provided our best result yet, with the development of further improved and tailored products that […]
Engineering and Manufacturing
Many of our Senior Brokers cut their ‘broking teeth’ when the design and manufacturing of products within Australia was at its peak. While the landscape has changed somewhat over the years, there remains a large proportion of business still doing what they always did, if perhaps a little differently. Maybe your designing is done locally […]
Fleet and Heavy Motor
Heavy Motor Insurance, and to a lesser extent Fleet Insurance, is never easy for business owners to understand when arranging cover. The market is often quite limited, and there are various ways of insuring these assets, whether it be self-insuring a portion of the risk or taking higher excesses to reduce premiums. You can even […]
Latest Articles
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 ...
Balancing Maintenance and Innovation: A Must for SMEs
According to the Reserve Bank of Australia, SMEs spend 25% more on research and development ...
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 ...
Seasons Greeting to All
With best wishes to you and your families for the festive season from the team ...
Do You Know the 7 Key Risks of Owning an Electric Vehicle?
Sales of electric vehicles (EVs) in Australia have reached a milestone – for the first ...
What are the top cyber security threats for businesses?
This Cyber Security Awareness Month, BDO takes a look at the threats faced by businesses ...
Today, as we remember the past, we look to the future
Not just today, but every day, we honour the brave men and women who have ...
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