Michelle Bowes

When most people think of a classic car, they picture a vintage Rolls Royce or a 1970s American muscle machine. But the experts know better. The classic car market is ever-evolving, and what may have once been thought of as a standard everyday car could well be an emerging classic today.

Pressures in the transport and logistics industry continue to mount due to the impact of rising fuel costs and ongoing supply chain delays.

Litigation related to the impact of concussions suffered in sport is a growing issue in Australia, and one that insurers are watching closely.

They say a claim is the moment of truth in an insurance policy, so it can be confusing for clients when they receive an amount of money that is less than what they were expecting in the event of a total loss.
This can occur if claims are settled on a market value basis rather than an agreed value basis, or in the event that a policy provides for both options.

Underwriters at Miramar are reaping the rewards of the introduction of new automated bot and artificial intelligence (AI) technology, but it’s brokers that are likely to experience the biggest benefits from the insurtech rollout.

As anyone who’s been around the insurance industry long enough will understand, insurance markets are fluid, responding to – and balancing – the insurance needs of businesses with those of underwriters to make a profit.
At times, soft markets prevail, where underwriting capacity is plentiful, which can sometimes mean premium reductions for buyers, while at other times the insurance cycle enters a hard market phase, characterised by reduced capacity and rising insurance premiums.

It’s not uncommon for farmers to subsidise their income by offering their services to other farmers on a contract basis.
Known as farm contracting, this may include activities such as using their harvester to harvest another farmer’s crops, supplying a sprayer and crop spraying services to another farm, or shearing another farmer’s sheep, mustering their cattle or transporting their grain or livestock.
But what happens if a loss is suffered when a farmer is offering these services?

With motorcycle ownership continuing to grow in popularity in Australia1, there’s a higher chance than ever that you’ll come across a client who’s looking to cover a special bike.

But it’s important to know that not all motorcycle insurance is created equal.

Gow-Gates Insurance Brokers has a long history of helping the aged care industry find cost-effective and comprehensive insurance solutions. We speak to Managing Director Anthony Gow-Gates about the company’s involvement with the industry and the insurance outlook for the sector.

Understand the current insurance market and what it means for business.

In the Business Insurance & Risk Market Update H1 2022 report, our experts provide market insights and offer guidance to help you ensure your business has the right protections in place.

The risks associated with the use of EPS panels in cold storage or transportation are not new, but businesses with facilities featuring these panels continue to find obtaining cost-effective insurance difficult.
However, by understanding the issues and ensuring good risk management procedures are in place, it is possible to achieve a better outcome.

The Bureau of Meteorology has predicted the chance of a La Niña climate system developing at 70% - or three times the usual likelihood. As a result the northern and eastern parts of Australia are likely to experience above-average rainfall in the coming months.

Around the table with AMP Capital Chief Executive Officer Shawn Johnson, Global Head of Real Estate Kylie O’Connor, and Global Co-Head of Core Infrastructure Michael Bessell.

According to the results of two new risk surveys, Cyber threats are now considered one of the top risk for global executives and their respective companies.
What’s more, cyber is now ranked as the major environmental, social and governance (ESG) risk for companies, as shareholders and other stakeholders become increasingly interested in the governance measures companies have in place to protect their systems and data.

The COVID-19 pandemic continues to create complications for people from all walks of life, and farmers are no exception.