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In the Pacific Region (where Australia is the largest market), Commercial Insurance Premiums have increased on average 18.8% in the third quarter according to the Global Insurance Market Index.  As the market continues to harden and Underwriters pull out of certain classes of insurance, the Industry has seen a continuation of upward pricing pressures. The…

The Insurance Council of Australia has declared 6 Catastrophe events in 2019, to take the Industry’s Natural Disaster losses so far this year to more than $1.56 billion. 2 of those events occurred this month, including the Sunshine Coast hailstorm, and the NSW and QLD bushfires that are still active around the state’s. Losses from…

Unfortunately severe weather events such as fire, storms and flood are part of the natural landscape in Australia. So Citycover thought it was important to examine Business Interruption Insurance and why it’s important you have it to protect your business. Business Interruption should not only be considered to be solely caused by physical loss or…

Sale! Sale! Sale! Today is known as “Black Friday Sales”, and no doubt some of you will do all of your purchasing for the year today or this weekend as we approach Christmas time. It certainly is a great time of year to pick up a quick bargain. From equipment upgrades, a new car, building improvements and…

NTI’s latest NTARC Major Accident Investigation report, identified that whilst improving, fatigue and driver distraction remain two key contributors to incidents involving heavy vehicles. Fatigue alone, could be attributed to nearly 15% of all losses over $50,000. NTI has an exclusive partnership with “Seeing Machines”, to ensure that the Transport industry continues to move towards…

Feels like yesterday we were talking about 4G, and technology is already making way for a “fifth generation” (5G) cellular network. Predicted to be a complete game-changer, 5G’s primary role is to support the growing number of devices that demand internet access, many of them requiring so much bandwidth to function, that 4G is becoming…

Are you an easy target? We’ve all done it – stashed the spare key in the pot plant near the door, or left a window unlocked because we’re just popping down to the shops. A study was conducted by police surveying Western Australia detainees, to find out how burglars tick. Overall 168 detainees were asked…

SMEs in Queensland are “falling victim” to online insurance providers, who claim to provide comprehensive cover for a fraction of the price but do not provide sufficient coverage. The experience of claims make direct clients more aware of the potential risks of buying insurance without expert advice. Many businesses with standard cover are approaching brokerages…

It’s incredibly important to prepare for the upcoming storm season as we all know how destructive the Australian summer can be. Weather events occur throughout the year, however most occur between months October though to April. Citycover Insurance Brokers has taken pre-emptive action to ensure we are in the best possible position to assist those…

20 Year Old’s and Insurance Aside from leaving school and trying to navigate the world without mum and dads help, we stumble across a few milestones that officially put 20 year old’s on the map. How exciting are our 20’s, and for those of us who look back on them, they were some of the…