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Market Update
10 Sep 2020
By Barrack Broking
IAG and the US-based National Center for Atmospheric Research (NCAR) have released the second edition of the Severe Weather in a Changing Climate report. The updated report incorporates new research and feedback from the scientific community and reinforces that extreme bushfires, tropical cyclones, storms, hail and floods are becoming more frequent and intense in a […]
Risk Tip
14 Aug 2020
By Barrack Broking
Flammable liquids are one of the largest groups of hazardous materials. Vapours are invisible, they spread quickly and ignite easily, causing an explosion/fire that includes rapid flame spread and is extremely difficult to extinguish.  While substituting with non-flammable alternatives is the only way to eliminate this risk, there are steps you can take to manage it.  Contain your flammable liquid risks  Where possible, it is best to substitute […]
Market Update
21 Jul 2020
By Barrack Broking
Directors and officers are required to adhere to a raft of rules and legislation when operating a business, including corporate and prudential; work, health and safety; environmental; copyright; and customs.  The direct impacts of the 2020 bushfires and Covid-19, as well as the subsequent and sustained financial downturn, will create significant additional risk to company […]
Risk Tip
21 Apr 2020
By Barrack Broking
Bushfires have an immediate and ongoing devastating impact on many communities, be they directly hit by fire or indirectly affected. Insurance has its role to play and we’ve seen a number of insurers setting up emergency response procedures. We anticipate that for the large majority of policyholders, their claims will handled through these processes and […]
Risk Tip
20 Apr 2020
By Barrack Broking
The bushfire crisis of Australia’s summer of 2019/2020 had severe impacts on businesses in fire zones and surrounding regions. The tourism business sector alone experienced losses said to be in “the hundreds of millions of dollars”. Tourists evacuated in droves, future accommodation bookings were cancelled, and business owners were left without the critical cash flow […]
Market Update
18 Apr 2020
By Barrack Broking
The global public health emergency seeking to stop the spread of the coronavirus, officially referred to as COVID-19, is currently the front and centre concern of the World Health Organisation and governments around the world. If your 2020 new year resolution was to travel or if your business involves regular overseas travel for yourself and […]
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