Australian cities have $81 billion at risk

Australian cities have $81 billion at risk

An insurance leader has released its latest research which shows that Australian cities have $81 billion in GDP at risk from both man-made and natural disasters. Australia’s six top cities have an estimated $81.06 billion of GDP at risk from various threats, according to Lloyd’s. The latest research, developed in partnership with Cambridge University’s...
Cyber threat looms large

Cyber threat looms large

by Cecilia Harris Cyber risk is rife according to a recent regulatory report revealing an estimated yearly cost of $1 billion to Australian business as a result of cybercrime attacks. The Australian Cyber Security Centre (ACSC) has released its first unclassified report exposing a 20% increase in cybercrime over the past year, with banking...
Underinsurance ‘endemic’ in small business

Underinsurance ‘endemic’ in small business

A survey of small businesses has revealed high levels of underinsurance, with 77% holding no business interruption cover and 60% lacking burglary cover. IAG subsidiary WFI commissioned the Cameron Research Group to poll 250 Sydney companies. “Underinsurance is endemic in small businesses in general, leaving them vulnerable to risks,” WFI GM John Ripepi said....
Avoid being caught in the bubble

Avoid being caught in the bubble

The majority of respondents to a major Australian property survey believe the country’s two biggest residential markets are either in or entering a property bubble. Results from The Australian Property Institute’s (API) 34th Property Directions Survey show that 58% of the valuers, fund managers, property financiers and property analysts who responded to the survey...
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