Steel Pacific Insurance Brokers
The Steel family established Pacific Insurance Brokers in 1982, opening offices in both the Solomon Islands and Vanuatu.
Changes on the Way With the recent election of the Labor government in Queensland, the repeal of the impairment threshold for access to common law claims arising out of workplace injuries seems imminent. Changes to the WorkCover scheme, introduced in October 2013, meant that workers assessed with … [Read more...] about Workers Comp in QLD
MANY property owners might see their property insurance premiums drop next year after a meeting between the Central Highlands Regional Council and the Insurance Council of Australia recently.A report on the progress of the Emerald Flood Protection Scheme was presented by a representative … [Read more...] about Central Highlands property owners should see insurance drops
Those heading overseas during the upcoming school holidays could be buying travel insurance they do not need.Many credit cards come with travel insurance, often not just covering the card-holder but also the spouse and up to two children, provided they are still students.Online comparator Mozo … [Read more...] about Credit card travel insurance under the spotlight
The Federal Government has quietly deferred a controversial plan to encourage greater use of unauthorised foreign insurers. Brokers had raised serious concerns about an Abbott Government initiative to attempt to lower insurance premiums in disaster-prone North Queensland by fostering greater UFI … [Read more...] about UFI changes postponed
The cost of cyber crime on global business could reach as much as $2.1 trillion by 2019, according to recent research.Market analysts, Juniper Research, have compiled a report entitled The future of Cybercrime & security: Financial and Corporate Threats & Mitigation which outlines the … [Read more...] about Cost of cyber crime to sky-rocket
The Australia Taxi Industry Association (ATIA) has warned drivers and passengers that using ride-sharing service Uber could present major insurance gaps.Using UberX, which allows car-owners to pick up passengers and transport them for a fee in their own vehicles, could lead to gaps in insurance … [Read more...] about Industry council warns of insurance coverage threat
Most insurers will allow you to increase your excess to reduce your premium. Why? Because when you increase your excess it shifts some risk from the insurer back to you. It represents a saving for insurers, as they no longer have to pay out numerous small claims.Often people see a higher excess as … [Read more...] about Higher Excess can mean Lower Premiums. Not always a good move.
Probably due to the harsh reality of the current economic climate, it is estimated that 1 in 6 small businesses have no insurance of any kind. Of businesses that are insured, half of these are insured for only 60 to 85% of Replacement Value. And it gets worse with the revelation that between 17 to … [Read more...] about Underinsurance. Surveys reveal alarming statistics.