Risks and roles will change as professionals experience upheaval equivalent to the Industrial Revolution, QBE Insurance Australia Head of Professional Lines Jill Stewart says.
The insurance sector must be better prepared for a climate-induced financial crisis hitting the global economy, economist and former politician John Hewson says.
Expensive lawsuits can arise from dissatisfied clients anytime, even through no fault of yours. So if you’re providing professional advice or services, insurance to protect your exposure to Professional Risks is essential.
Endeavour Energy has settled a class action led by IAG over a 2013 bushfire in the Blue Mountains.
The suit, which was filed by William Roberts Lawyers, acting for IAG, was settled for $4 million.
Temperatures in parts of Victoria and NSW hit record levels this month and modelling suggests the above-average warmth will extend into next month, according to the Bureau of Meteorology.
Damage to Fiji’s communications facilities is making it difficult for insurers to assess the destruction left by Tropical Cyclone Winston, the strongest storm to have struck in the southern hemisphere.
Steadfast has reported 6.3% organic growth in revenue to $226 million for the six months to December 31.
Cybercrime costs the Australian economy over $1 billion annually. Cybercrime risk moved into the top 5 risks faced by Australian business in 2014 according to Allianz research; it wasn’t in the top ten in 2013.
Greater collaboration among governments, insurers and other stakeholders is the key to building disaster-resilient communities, according to the IAG-led PSI Global Resilience Project.
Famous short film Tropfest has been saved by eleventh-hour sponsor CGU Insurance.
The 22 year old event was cancelled last month due to what founder John Polson called a "terrible and irresponsible mismanagement of funds".