Neil Utley, the former chairman of UK insurance company Hastings and Insurance tycoon buys Beckingham Palace. The mansion of ex Manchester United and England footballer David Beckham sold for $21m. Utley and his wife Narmali are said to be thrilled with the 17-acre estate, dubbed ‘Beckingham Palace’. The property boasts seven bedrooms, an indoor swimming [...]

An Australian aviation law and insurance expert believes the mere suggestion of terrorism as the cause of Malaysian Air Flight 370’s disappearance 12 days ago reinvigorates memories of the post-9/11 fallout in the aviation insurance industry. This comes as Australian Prime Minister Tony Abbott yesterday said the Australian Maritime Safety Authority (AMSA) had “new and [...]

As we move  into the electronic age, the consumer is purchasing more of their everyday needs via the internet. This trend is not just reflected in the purchase of clothing, shoes and even our holidays but is now evident in the advertisements of insurance products on line. Health insurance, Pet insurance, Life insurance and Personal [...]

Lengthy spells of above-average temperatures are increasing the number of machinery breakdown claims for Australian businesses. With many regions breaking records for hot weather, the pressure on refrigeration and air conditioning units is causing many to fail. “February and March are traditionally the peak months, but this year’s January heat waves have already led to [...]

NSW bushfires: Insurers get a grip on claims The ICA advises that more than 90% of damaged and destroyed properties in bushfire catastrophe regions in New South Wales have been assessed by an insurance assessor. ICA CEO Rob Whelan said insurance companies had made a sterling effort to help their policyholders during a very stressful [...]