![]() | Why life insurance is a necessity in tough times With household budgets under pressure ... and consumer confidence weak, many families are wondering whether life insurance is worth the expense. Or maybe it is something they can do without? - read more
|
![]() | How Much Life Insurance Do I Need? There are many different reasons to purchase life insurance (generation skipping tax, estate plan, estate preservation, surviving spouse needs, planning for your children's future and more). There is no right amount of life insurance, but here are some guidelines that might help you decide how much life insurance you need. - read more
|
![]() | DIY Review Checklist for your Income Protection Insurance If you have an income protection insurance plan already - or are thinking about buying one, then you need to be aware that these policies require regular maintenance and careful scrutiny to ensure that they adequately meet your needs. Unfortunately, many people purchase income protection insurance policies only to find out about their shortcomings at claim time. - read more
|
![]() | Who Needs Disability Insurance? If you are like most people on this planet, you are not financially free. You would not be able to stop working and still support yourself and your family from your financial resources. Your continued ability to work to earn an income would therefore be one of your greatest assets. - read more
|
![]() | Life Insurance: How much is enough? When considering life insurance, you're planning and preparing for an event that most of us would rather not think about. But life insurance represents a critical step in managing your personal finances and ensuring your family's well-being. - read more
|
![]() | Dispute Over Damages Caused by Violent Painters: Homeowners Unable to Increase Insurer's Offer 31 May 2023: .financialservicesonline.com.au Homeowners claimed damages from contracted painters who damaged their property during a violent attack. However, they have lost their challenge to increase their insurer's cash settlement offer of $53,000. - read more |
![]() | Aussie Insurers suffering underwriting losses despite increasing investment income. 26 May 2023: .financialservicesonline.com.au The Australian Prudential Regulation Authority (APRA) has released an industry update that revealed general insurers faced a $100 million underwriting loss in the first quarter of the year. This was a significant drop from their earnings of $1.6 billion in the preceding quarter. The primary reason for this loss is the increase in gross incurred claims, which rose 40.6% from $10.2 billion to $14.4 billion in the December quarter. - read more |
![]() | Leaving the Scene of an Accident Results in Denied Insurance Claim 26 May 2023: .financialservicesonline.com.au Getting into an accident can be a traumatic and stressful experience for anyone. However, having a claim denied by the insurer for not adhering to their policy's conditions can add frustration and confusion to an already difficult situation. Recently, an insurer in Australia declined a claim after the driver left the scene of the accident. But was it the right decision? Let's take a closer look. - read more |
![]() | When Insurance Doesn't Cover Property Damage: One Homeowner's Experience 25 May 2023: .financialservicesonline.com.au A homeowner recently learned the hard way that just because you have insurance doesn't mean you're fully covered when disaster strikes. In this case, a homeowner's investment property was damaged in a fire - started by the homeowner's son - but the insurance company refused the claim. - read more |
![]() | Victorian Government's Game-Changing Decision to Eliminate Business Insurance Duty 24 May 2023: .financialservicesonline.com.au The Victorian Government's recent announcement about the abolishment of business insurance duty over a period of 10 years marks a significant milestone in driving economic growth. This move has been hailed as a game-changer since the taxes imposed on insurance can distort business decision-making, causing under or non-insurance, which in turn can cost the state economy more than $100 million annually. - read more |