NIBA is a member of the Insurance Council of Australia’s Insurance Disaster Taskforce.  In this capacity, they receive regular updates of developments on the insurance industry’s response to disaster situations.

The Australian Prudential Regulation Authority (APRA) has put together a team of specialist staff to assess the impact of the recent natural catastrophes in Australia and NZ on the overall insurance industry and individual companies.

West Coast Insurance Brokers Host Race Day 2011

The attached report may be of interest, especially if you operate a business within or work for the mining (coal), durable goods, agriculture (sugarcane, cotton, vegetables, grains and livestock) or construction industries.

With effect from 1 November 2010 CGU introduce their new Country Pack Policy Wording.

 

DESPITE the economic recovery, cash flow is still only trickling in for many businesses, spelling death for thousands of them each quarter, new analysis shows.

We highlight the importance of obtaining comprehensive legal advice before you sign contracts relating to your business.