Category Archives: Insurance Risks

More Cyber Risks

It News recently reported that The Australian Communications and Media Authority has launched an online portal for ISPs and network operators to log-in and check which IP addresses on their network might be infected with malware. The new AISI (Australian … Continue reading

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Cyber crime is now a major risk

Recently a US man was sentenced to 21 months in prison for his role in a cybercrime scheme that hacked accounts at banks, brokerage firms and government agencies. According to prosecutors in the US he was a member of an … Continue reading

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High Court ruling makes it harder for insurers to say “no”.

Insurers can no longer rely on section 54 of the Insurance Contracts Act to reject a claim due to an insured’s act or omission if that act or omission did not cause the loss, thanks to a High Court ruling … Continue reading

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Product recall cover essential for business

Recently the Australian Competition and Consumer Commission encouraged customers to check whether electric blankets that have been stored away for summer have been subject to product recalls. Guardian’s managing director Evan Jackson said it is quite common to see a … Continue reading

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Inquiry into natural disaster funding

Federal treasurer Joe Hockey has announced a Productivity Commission inquiry into natural disaster funding. Hockey said: “The inquiry should take into account the priority of effective mitigation to reduce the impact of disasters on communities”. It will consider risk management … Continue reading

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Digital disintegration

Recently Zurich issued their Global Risk report for 2014. Among the risks it discusses is Digital disintegration – the increasing risk of “cybergeddon” in the online world The deepening reliance on the Internet to carry out essential tasks and the … Continue reading

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NFP’s & Associations need expertise

Guardian partners with and provides risk management solutions to many Not for Profit (NFP) organisations and industry associations. The benefit of using a specialist broker is that they understand the unique differences and idiosyncrasies of the industry. The role of … Continue reading

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Employee Fraud continues to rise

With employee fraud continuing to rise, it is more important than ever to do thorough reference checking according to Guardian CEO, Evan Jackson. The top three categories of employee fraud are generally workers compensation fraud, money theft and asset theft … Continue reading

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SMEs should be prepared for fraud

Guardian Managing Director Evan Jackson warned that business owners should be on the alert for fraud after it was revealed that Insurance Company Dual Australia had been hit for $17million. It has been alleged that senior claims officer Josie Gonzalez … Continue reading

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Natural Disasters Costly

The Insurance Council of Australia advised that claims from the four natural disasters in Australia this year have reached $674 million. The Queensland floods and storms resulted in 53,711 claims worth $553 million, followed by the Tasmanian bushfires (1900 claims, $89 … Continue reading

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