Greensill Capital has made headlines for its rapid demise after two major Swiss banks turned off about $14 billion worth of funding. The 10-year-old company, which has blue chip clients such as CIMC, Telstra and Whyalla, had reported a $US49.4 million after-tax profit in calendar 2018 (from a … [Read more...] about How Insurance Sparked the Fall of a Bundy Billionaire
There’s no doubt that the COVID-19 pandemic has caused (and continues to cause) a lot of damage to businesses Australia-wide. As such, many organisations that have Business Interruption Insurance policies have asked the valid question if they could make a claim. Insurance companies argue they do … [Read more...] about COVID-19 Business Interruption Update: Clarity “Not Expected This Year”
IAG, whose brands include CGU and NRMA Insurance, has joined other major insurers such as Suncorp in significantly increasing their home premiums, which, according to the Australian Financial Review, has “lifted by 6 percent on average in the past six months” (Suncorp has claimed its premiums would … [Read more...] about Has the Cost of Home Insurance Spiked Again? Here’s how to Fight Rising Premiums
Our Managing Director, Tony Venning, was recently interviewed by Ticker News to speak about the importance of managing risk in a pandemic-affected economy. The interview covers items such as: 1. How we help businesses face and understand risks 2. How Crucial Insurance helped clients … [Read more...] about Our Live Interview with Ticker News
We’d like to give a big congratulations to our long term client, BikeExchange, for the successful completion of its initial public offering. Now listed on the Australian Securities Exchange (ASX) under the code BEX, the company’s ambition is “to help as many people around the world to purchase a … [Read more...] about BikeExchange Goes Public
There’s no doubt that insurance premiums are on the rise. This is particularly true for Director’s and Officer’s (D&O) Insurance. See also: How to Avoid Rising Costs of Insurance Premiums. According to research quoted by the Australian Financial Review, “D&O premiums increased on … [Read more...] about D&O Premiums are Rising. Here’s What Directors Need to Know
The team at Crucial Insurance would like to congratulate Alishia Oliver on her recent promotion to Account Manager. Having been with the company for over a year, it is clear that Alishia consistently has our clients’ interests at heart. From helping with claims to reducing premiums, Alishia’s … [Read more...] about Welcoming Our New Account Manager
Hundreds of thousands of small businesses in the UK are expected to be receiving Business Interruption payouts after a ‘historic victory’. Britain’s Supreme Court has ruled against QBE, requiring the insurer to pay out a number of claims related to COVID-19 losses. The main point of contention … [Read more...] about Is Australia Next? Britain’s Court Rules QBE Liable for COVID-19 Claims