barksupport

It’s reporting season, and over the past few weeks some of Australia’s biggest companies have been releasing information on how they’re travelling. These reports reflect themes of how things are going in key sectors of the economy. Over coming days we’ll report on the results of some major companies … [Read more...] about Insurance outlook: in an era of increasing competition technology will make the difference

The never-ending legal battles of former tyre king Bob Jane with his estranged son have delayed the planned float of the prominent businessman’s new insurance company.Jane, who remains legally prohibited to use his name to set up new businesses, is rebranding the Bob Jane Integrity Insurance … [Read more...] about Family legal tussle delays Bob Jane insurance float

Five years ago thousands of north Queenslanders bunkered down for what would be one of the biggest cyclones to ever hit the coast. Cyclone Yasi, packing winds of up to 285 kilometres per hour, bore down on the tropics with the eye striking between Innisfail and Cardwell about midnight on February 3, … [Read more...] about Cyclone Yasi: Action urged to address skyrocketing insurance premiums in wake of disaster

2016 shaping up to be a year of greater maturity in how insurance companies underwrite their cyber insurance policies. Cybersecurity experts expect 2016 to be the year that insurance companies gain a greater level of maturity with how they underwrite cyber-insurance customers and assess them … [Read more...] about Insurers Getting Smarter About Assessing Cyber Insurance Policy Risks

The decision of the NSW Government to abolish its emergency services levy (ESL) on insurance policies is a major win for brokers following years of industry lobbying, says NIBA’s CEO. The NSW ESL will be scrapped in favour of a property-based charge, paid alongside council rates, from July … [Read more...] about NSW Insurance Tax Scrapped

Insurance product disclosure statements are too complex and failing consumers, sparking the necessity for companies to overhaul the way they communicate with customers, the Insurance Council of Australia said.An ICA taskforce, chaired by insurance lawyer Michael Gill and targeted at how to improve … [Read more...] about Overhaul on the cards for insurance disclosure statements

Insurance against Mother Nature: the idea has been dangled in front of Australian farmers for years, without much response. But, after a second horror season in the Wimmera Mallee grain belt, the subject is the talk of the farming community.Warracknabeal producer Phil Koschitze became the poster … [Read more...] about Crop insurance the talk of Victoria, but is it the best way to manage risk?

CIOs are scrambling to purchase cyber-insurance, but the need may be outpacing a market that continues to evolve in the face of significant cyberattacks. Spurred by the rash of high-profile hacks, companies are purchasing cyber-insurance to protect themselves from the financial liability associated … [Read more...] about Need for cyber-insurance heats up, but the market remains immature