With effect from 24 January 2020. DFTA has designated the Hubei Province of China as a Do Not Travel area due to the Novel coronavirus outbreak.Some travel insurance policies will cover travellers whose travel plans have been disrupted by the coronavirus or who have incurred medical expenses. … [Read more...] about Coronavirus Advice – Travel to China
The outlook for the insurance market in 2020 and beyond will see insurers continue to closely scrutinise their underwriting results across all classes of commercial and domestic insurance.Put simply, insurers have their sights firmly set on underwriting profitability not written premium volume … [Read more...] about The Insurance Market 2020
Climate change and increasing weather volatility has surged into third place in an annual Allianz Global Corporate and Specialty (AGCS) survey of business risks facing the Australian insurance industry.This article first appeared in Insurance News Magazine. The climate concerns in the 2020 … [Read more...] about Climate concern jumps up worry list
Bushfire insurance claims for property losses could breach $600 million, with about 1,300 homes razed so far across NSW, Victoria, South Australia, and Queensland since late August, as firefighters continue to battle the fires raging across the states.More than 4,200 claims worth $297 million … [Read more...] about Australia fires damage bill could top $600 million
Australia is in the grip of deadly wildfires burning across the country, triggering an emotive debate about the impact of climate change in the world’s driest-inhabited continent. The unprecedented scale of the crisis, and images of terrified tourists sheltering on beaches from the infernos, has … [Read more...] about Australia’s wildfire crisis: the key numbers
Australia’s worsening bushfire crisis has so far incurred nearly $300 million in damage bill, with the Insurance Council of Australia (ICA) extending its bushfire catastrophe declaration to include eastern Victoria.Insurers have received 3,870 in bushfire-related claims amounting to $294 million … [Read more...] about Australia fires damage bill to hit $300 million
For a small business, even the smallest cyber security incident can have devastating impacts.This guide has been developed by at the Australian Cyber Security Centre (ACSC) to help small businesses protect themselves from the most common cyber security incidents.Download the PDF … [Read more...] about Small Business Cyber Security Guide
While damage to homes often receives media coverage in the event of a major flood, businesses are just as at risk when a weather event of this nature happens. So it pays to understand how insurance responds in the event of a flood or storm. Let's look at flood first.After a number of … [Read more...] about What’s the difference in the way insurers treat storms and flood?