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.
Australia’s new Notifiable Data Breaches scheme is designed to bring our privacy laws up to the standard the community expects in the information age.
Cyber is no longer the “hot new product” in insurance circles – it’s now the new “must have” among businesses.
No man is an island, they say – these days the expression pretty much applies to risks as well, amid an increasingly connected world. For risk managers and (re)insurance underwriters, Russell Group has identified the connected risks trends to keep an eye out for this year.
The ramifications of cyber hacks are about to increase dramatically.
About 19,200 claims totalling $108 million have been lodged with insurers since the severe hailstorm that struck northwest Victoria’s Mildura region more than a week ago.