INSURANCE NEWS

Sharp rise in water damage claims reported

Chubb has reported a 72% rise in the size of property-related claims by Australian homeowners due to internal water damage for the past five years, with average water damage claims increasing from $17,627 in 2014 to $30,361 in 2018. Chubb’s Insight Report, Get Smart about Water Leaks, also showed that water damage now accounts for […]

Read More

Gold Coast is Australia’s second hotspot for car theft

The Gold Coast is continued to be ranked one of the worst spots in Australia for car theft, according to new data from the National Motor Vehicle Theft Council. 1551 cars were stolen across the Gold Coast in the 2017/2018 financial year, seeing us sit in the second place behind Brisbane, who had 2115 thefts. […]

Read More

General or Personal Advice?

Many clients confuse general and personal advice, exposing them to the risk of poor financial decisions, according to the new research. Reports that have been done by Australian Securities and Investments Commission (ASIC) – Financial advice: Mind the gap – uses independent research to highlight significant gaps in client’s knowledge. Only 53% of those surveyed […]

Read More