The catastrophic floods that affected south-east Queensland and NSW in 2022 were the fourth costliest global disaster of the year. Devastating homes and businesses across the country, the record rains resulted in twenty-three deaths, and cost Australians billions in insurance claims. Throughout the … [Read more...] about Dealing with Rising Reinsurance Costs During Flood Season
If the recent floods have left you pessimistic about the future of your insurance coverage, I wouldn’t blame you. Some analysts believe the damages caused by the floods will reach claim costs northwards of $3 billion, and, as I mentioned in my previous article, may bring upon the hardest insurance … [Read more...] about Introducing Parametric Insurance: Receive Coverage and Payouts for Natural Disasters
The recent floods that have affected homes and businesses across Queensland and New South Wales may have brought about one of the hardest insurance renewal seasons yet. In recent years, the coronavirus pandemic and various other global factors saw us enter a ‘hard’ insurance market. This meant … [Read more...] about The floods may bring the hardest insurance renewal season yet. Are you prepared?
The last seven days has seen unprecedented rain in Queensland and New South Wales, with reports claiming these severe weather conditions are expected to continue. If you’ve been affected by these conditions, our thoughts are with you. Many clients have already contacted us regarding their … [Read more...] about Affected by Floods? We’re Here for You
Property and small business owners living in the northern regions of Australia may soon be breathing a sigh of relief as the Federal Government has announced a $10 billion reinsurance pool designed to subsidise the cost of insurance coverage for cyclones and related flood damage. The Government … [Read more...] about $10 Billion: Government to Cover Cyclone Damage in Northern Australia
Whether it be storms, floods or bushfires, Australia is a country that continues to experience the devastating effects of natural disasters. This year alone, extreme rainfall in the east side of Australia brought about widespread flooding in New South Wales all the way to South East … [Read more...] about Free Online Flood Risk Tracking and Checking Tool
Previously, I spoke about how, in terms of insurance, businesses can prepare for wet weather events like La Niña. Even if La Niña has not yet translated into wet conditions over the spring season, businesses should still be vigilant over the coming months. A Niña is a phenomenon associated with … [Read more...] about We Haven’t felt the Full Impact of La Niña yet – is it Time to Relax?
https://www.youtube.com/watch?v=crW_C1P5rec&feature=youtu.be La Niña has been declared and far North Queensland is bracing itself for an increased risk of tropical cyclones. Named after the Spanish term ‘little girl’, the last La Niña event occurred from 2010-2012 and resulted in one of … [Read more...] about La Niña 2020: Insurance for Cyclones & Wet Weather Events Before It’s Too Late. Don’t be left uninsured!