05

September

How Deep Does the Rabbit Hole Go?

An interesting headline for an insurance article I realize but I am continually surprised how far and wide reaching this new “cyber thingy” is taking hold across the globe. And the effect is largely unseen as a clear majority of businesses don’t report these cyber hacks or data breaches to anyone and just battle through. Perhaps because there is no one to report them to or they are simply not insured.

When will it stop? Or a better question, how far will it go? hence my article headline.

I heard recently that

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01

September

The Aussie Macro Outlook

Trucking along

·        Data released since the start of the year shows the outlook has improved markedly since the end of 2016. Rising business confidence is driving job creation and providing a key support to household income and consumer spending while wages growth remains weak. In 2017, we expect 1.8% GDP growth followed by 2.2% in 2018. However, as the labour market continues to tighten and wages growth grinds higher we expect GDP growth to rise to 2.9% in 2019 and 3.4% in 2020.

·        Monetary policy will remain supportive until there

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18

July

Can I get Flood Insurance?

 

I know this article is not very timely as Cyclone Debbie has come and gone and left within its wake devastation and destruction.

My family moved to Lismore when I was 1 year old in 1973. We have seen our fair share of flood. Approx. 35 floods in that time. I have grown up with Lismore and its ability to flood and cause devastation. I remember wading waste deep into businesses, helping wash down the walls and restack the shelves as the water was going down so they could get back

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28

February

Cyber – Business Interruption Claims

Cyber is critical and must be covered off with clients since it is now an established exposure. Gary Gribbin, IBNA Limited Chairman has listed below the Cyber matters that they’ve paid last year. There were a similar amount prior year and some higher claims the year before and they have a $500k matter in the pipe at the moment.

Brief description
Approx Paid

 
 

Insured suffered multiple cyber-attacks. Potential BI loss. Crawfords assisting Insured.

0.00

Insured suffered a crypto-locker attack leading to a significant impact upon the business.

35,000.00

On 15 June

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28

February

100 NEW BUSINESSES A DAY TO BENEFIT FROM iCare’s NEW MULTI-CHANNEL SERVICE FOR WORKERS INSURANCE

iCare today announced that new business owners in NSW will benefit from a simplified multi-channel platform, for the first time enabling new businesses to get a quote and buy a workers insurance policy with iCare directly.

iCare Group Executive Workers Insurance, John Nagle, said the new offering will improve the customer experience by making it easier and faster for new businesses to arrange their workers insurance anywhere, any time.

“Since iCare formed, we have put the customer at the centre of everything we do. Our direct

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05

September

10 Reasons Why You Should Use an Insurance Broker

Buying insurance direct is easy. Buying the right insurance, however, can be very difficult indeed and getting it wrong often proves costly. Agile – Executive Director Matthew Denehy explains why it pays to use a broker.

1. Expertise

You can approach your broker with all of your insurance queries. Brokers specialise in insurance will understand how to fit the product to the client and have experience in arranging insurance to meet the individual needs that you and your family may have.

2. Personal service

You will be allocated a dedicated Client Manager as soon

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04

February

CAVEAT EMPTOR (BUYER BEWARE) – BUT DON’T USE EXPEDIA FOR TRAVEL ANYWAY

Caveat Emptor is a latin phrase meaning Buyer Beware but I add to this “simply don’t use Expedia for your travel arrangements” and I’ll explain why.

I had the pleasure of assisting my 75 yr old parents in October last year book some travel to Italy so they could join in with my wife’s birthday celebrations. We were using the Expedia website to make the booking and were selecting Business class so my parents were a little more comfortable as dad has been not well recently. We booked the trip and ended up

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27

January

Do you want “fries” with your insurance?

Companies are causing disruption in all fields of commerce, why would Insurance be any different. Well it’s not and in many cases the said Insurance disruptors are probably one and the same that you will be accessing via your Insurance Broker, maybe they will have a different name for their direct market shop front.

So what the hell is a disruptor then? In the business world a disruptor can be defined in many ways as it all depends on what side of the fence you’re sitting on. In essence though, I

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05

November

Launch of Calibre Insurance

// // //

Calibre Insurance has been launched as the brand for the Calliden Commercial insurance portfolio acquired last year by Munich Re.

A new insurer, or an old insurer re badged, the evolution of an old insurer Calliden Insurance has now officially transformed into Callibre Commercial Insurance Pty Ltd is headed by Mike Hooton, a former executive of Calliden Agency Services. Con Anasta is the National Sales Manager and Darren Fisher Underwriting Manager, Commercial. The business is focused on the broker and agency market in Australia providing business package, ISR, general

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02

November

Discovering Espresso Moto and The 9 Ingredients to a successful small business

Hmm, opening a coffee shop in an area where on every other corner is happening cafe. Risky? You bet. And for every success story I’d be happy to bet there are a dozen struggling.

So to get it right, you can’t just wing it. Some not only get it right, some smash it out of the park. In my opinion, you are about to read about one such business.

The other day I had the pleasurable experience (the food and coffee was second to none) of going to meet the partners of

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