Up to $10 million of disaster relief funding and a $380,000 insurance claim will be lodged by the Shire of Broome after two cyclones and a low-pressure system hammered the town within five weeks of each other.
With the Royal Commission into misconduct in the banking, superannuation and financial services industry already in full swing, regulatory changes are top of mind for many both within and outside the insurance industry.
Australia is one of the strictest countries in the Asia-Pacific region when it comes to data breach penalties, a new report has found.
In the short time since the late February rollout of Australia’s mandatory breach notification scheme, the privacy commissioner has already been notified of 31 breaches, an Aon expert has said.
CYCLONE Debbie is officially Australia's second most expensive cyclone, costing more than $1.71 billion to fix damage from Townsville in Queensland's north to Lismore in NSW.
THE devastating bushfires in the state’s southwest last weekend have already cost insurers $12 million in damages.
The Bureau of Meteorology (BoM) has issued a 'flood watch' for coastal catchments from Ingham to Daintree in Queensland, as it forecasted further rainfall to lash across the state's northernmost region.
Among businesses today, the awareness of the threat of cyberattacks and cybercrime from insiders is gaining prominence.
Insurtech could be moving more towards the mainstream of the industry, an expert has said.
A visiting cyber specialist from London has urged tech chiefs to focus on “internal collaboration” and treat potential cyberattacks not just as an IT security risk, but a strategic business one.