In an article published today by InsuranceNEWS.com.au, law firm Herbert Smith Freehills advised that Disputes over major claims are snowballing as the insurance market continues to harden. Claims are “more commonly delayed and often disputed” as insurers’ underwriting profit comes under increasing scrutiny as investment returns slow, the law firm says in a review […]

Ensure that all antivirus and other security software is up-to-date   Anti-virus software is in a constant battle against evolving malware and cyber threats. As such, they can frequently release software updates. It’s important to ensure that all computers connecting to your network has the latest version of the software installed to protect against new […]

An ex-Allianz manager has recently won a $1.39m bullying payout from his employer. Full details of the story can be found in the link below. https://www.insurancenews.com.au/local/ex-allianz-manager-wins-1-3-million-bullying-payout  Most SME business owners often overlook the exposure and financial risks associated with failing to provide a safe and fare workplace for their staff. As a business owner, you […]

  The graph below is a summary of the 2018 Commercial Property Fire Database compiled by Vero. It only includes losses greater than $50,000 and specifically excludes natural hazard events.   Which industries experience the highest level of fire claims?   Industries that experienced the most claims in 2018 are now going through greater underwriting […]

There’s no doubt that this year has seen significant increases in insurance premiums. Unfortunately, we expect this trend to continue over the coming 12 months, particularly for home and commercial property owners and business owners. So why are insurance premiums increasing by so much?   We’ve posed this question to many of the insurance companies […]

As a commercial property owner you can be held liability for personal injury to tenants, customers and visitors whilst they are on your property. Claims can result from: Slips, trips and falls (cracks in pathways, loose carpet, uneven floors, faulty stair rails etc); Poorly maintained or faulty rental appliances and building plant and machinery; Poorly […]

The Securities and Exchange Commission (SEC) has just announced that a financial advisory firm in the US will pay $1 million to settle charges after weakness in its cybersecurity policies and procedures helped cyber intruders gain access to the personal information of thousands of customers. You can read the full article here.   While this […]