‘Uninsurable’ businesses face boom in cyber attacks
There is a general understanding among Australian companies that cybersecurity is a growing risk, and that cyber insurance is something that might help. But here's what else companies should know.
Millions of dollars in COVID-19 insurance claims hinge on upcoming test case
Small businesses are anxiously waiting for the Federal Court to hear a second business interruption test case that could see insurers pay out millions of dollars in claims.
The Lemonade effect: What every business can learn from this startup’s focus on scarcity
Like most startups, Lemonade has been forced to place fewer, bigger bets than their deep pocketed, long established rivals.
‘A step forward’: Small business ombudsman backs federal government’s $10 billion natural disaster reinsurance pool
The small business ombudsman is backing the federal government’s new $10 billion reinsurance scheme for businesses in northern Australia.
NSW government opens injury insurance consultation for food delivery riders
A consultation has been announced by the NSW government to consider how workers’ compensation and CTP schemes serve food delivery riders.
ASIC urges small businesses that suffered losses from COVID-19 closures to lodge insurance claims
ASIC is urging small businesses to lodge insurance claims to try to recover losses resulting from pandemic restrictions.
Small businesses in NSW forced to shut amid flood evacuation orders
Small businesses along the country’s east coast are facing significant revenue losses amid persistent flooding that is expected to stretch well into next week.
NSW and Queensland floods highlight urgent need to improve insurance payout processes
The experience of insurance exacerbates a ‘resilience gap’ between people who have the time, money and capacity to manage the claims process, and those with existing disadvantage who simply do not.
Insurance underwriting: Federal Court rules insurance companies must behave decently
TAL Life, one of Australia’s biggest life insurers, breached its duty to act with “utmost good faith”, prompting the Federal Court to put insurance companies on notice for retrospective underwriting.
ICP calls on businesses crushed by COVID-19 shutdowns to register interest in legal action against insurers
ICP is calling on SMEs to register interest in potential collective action against insurers that have rejected COVID-19-related claims.
Unaffordable insurance bringing bushfire-affected SMEs to the “brink of collapse”
Small businesses are facing serious trouble accessing affordable insurance, with a damning report released today by the Small Business Ombudsman.
“Facing a reckoning”: Why is the insurance industry failing when we need it most?
Insurance at a fair premium is never more valuable to society than during times of unprecedented crisis. But, is the model destined to fail?
