Changing times: podcast discusses developing SME risks – Daily – Insurance News

Changing times: podcast discusses developing SME risks 7 July 2022 The fourth and concluding episode of a special podcast series focused on this year’s Vero SME Index report examines developing risks and some of the challenges businesses are facing in a changing landscape. The podcast, released today and which you can listen to here, features … Read more

Sunken boat claim covered after fault undetected – Daily – Insurance News

Sunken boat claim covered after fault undetected 7 July 2022 A boat owner whose vessel partially sank due to an unidentified fault will have the damage covered after winning a claims dispute. The claimant had the boat inspected or repaired by three experts before starting the insurance policy. A water pump leak was detected but … Read more

Greenwashing a risk ‘not to be ignored’ – Daily – Insurance News

A rise in climate-related litigation in Australia, mirroring trends seen in overseas jurisdictions, has underlined the growing need for insurers to address the emerging challenge facing them and their clients, according to Hicksons Lawyers. Insurers in particular need to be aware of potential greenwashing, especially when it comes to net zero commitments and climate policies, … Read more

Mecon, Underwriting Agencies of Australia merge – Daily – Insurance News

Mecon, Underwriting Agencies of Australia merge 7 July 2022 Steadfast-owned businesses Mecon Insurance and Underwriting Agencies of Australia (UAA) have merged to form a combined mobile plant, equipment and construction insurance group. “The timing is right for UAA and Mecon to come together to become a single powerhouse in the mobile plant and equipment and … Read more

Howden acquires NZ broker – The Broker – Insurance News

Howden acquires NZ broker 7 July 2022 Howden Broking has announced the acquisition of New Zealand-based broker and risk manager Wallace McLean as it continues its expansion into the Pacific region. Founded in 2001, Wallace McLean focuses primarily on corporate business in New Zealand, covering numerous industries, including property, agriculture, retail and distribution, as well … Read more

Commissions: an alternative view – The Broker – Insurance News

The National Insurance Brokers Association (NIBA) has been very clear about commissions – banning them would cause “significant detriment” to the industry and consumers. NIBA lists a number of “adverse effects” in its submission to Treasury’s upcoming Quality of Advice review, if the general insurance exemption from the ban on conflicted remuneration is removed. These … Read more

IT challenges delay key code section’s implementation – The Broker – Insurance News

The “disclosing remuneration” section of the National Insurance Brokers Association’s (NIBA) new code of practice will take effect a year later than expected after members raised implementation concerns. NIBA advised members yesterday that Section 6.1 would now take effect from November 1 next year after it became apparent during discussions with brokers and their IT … Read more

nifty news: Nifty50 at 13,800 or 18,400? Here is what Dalal Street analysts said

A few brokerages have come out with Nifty50 targets, ranging widely between 13,800 and 18,400. While analysts noted that commodity prices have started falling gradually, they do not rule out correction in valuation multiples going ahead. Nifty50’s trailing 12-month PE ratio has declined 25 per cent since October 2021 to 19.5 times and is much … Read more

CWT Adds Carbon-Emissions Dashboard | Business Travel News

CWT has launched a new dashboard for clients to see summaries of their carbon footprints, the travel management company announced. The dashboard, available to all customers globally, provides a view of a company’s travel emissions based on either Thrust Carbon’s methodology or the U.K.’s Department for Environment, Food and Rural Affairs. CWT earlier this year added … Read more