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Cyclone Alfred: essential steps for businesses to prepare and manage insurance claims

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Tropical Cyclone Alfred is currently approaching south-east Queensland as a Category 2 system, with landfall expected near Brisbane early Friday morning. Cyclone Alfred: essential steps for businesses to prepare and manage insurance claims

Cyclone Alfred: essential steps for businesses to prepare and manage insurance claims

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Tropical Cyclone Alfred is currently approaching south-east Queensland as a Category 2 system, with landfall expected near Brisbane early Friday morning. The cyclone is forecast to bring heavy rainfall, damaging winds, and potential flooding to the region. Sta ...
Read moreCyclone Alfred: essential steps for businesses to prepare and manage insurance claims

Contractual disputes are contributing to heightened litigation risks to Directors and Officers

Contract management is crucial for businesses but comes with risks, particularly around service type, quality, timeliness, omissions, fees, and service providers. These risks can impact various aspects of an organisation, including director and officer liability, corporate governance, culture, and reputational risk. Whilst exposure cannot be completely eliminated, effective risk mitigation strategies can reduce it. Contract management is crucial for businesses but comes with risks, particularly around service type, quality, timeliness, omissions, fees, and service providers. These risks can impact various aspects of an organisation, including director and officer liability, corporate governance, culture, and reputational risk. Whilst exposure cannot be completely eliminated, effective risk mitigation strategies can reduce it.

The insolvency storm: helping to protect business leaders in uncertain times

Australia is witnessing a significant rise in business insolvencies, which has important ramifications for directors and officers (D&O) and the financial lines insurance sector. This increase highlights the vulnerabilities present in the corporate landscape and emphasises the urgent need for robust D&O insurance policies to help safeguard business leaders against potential liabilities.Australia is witnessing a significant rise in business insolvencies, which has important ramifications for directors and officers (D&O) and the financial lines insurance sector. This increase highlights the vulnerabilities present in the corporate landscape and emphasises the urgent need for robust D&O insurance policies to help safeguard business leaders against potential liabilities.

A reduction in class actions: Three key risks Directors and Officers should be aware of

Australia has experienced a notable shift in the landscape of class actions, with a reduction in their frequency and scope. This trend has sparked significant interest among directors and officers as it carries both risks and opportunities related to corporate governance and insurance. To understand the broader implications, it is important to explore the factors contributing to the reduction of class actions and the ensuing risks. Australia has experienced a notable shift in the landscape of class actions, with a reduction in their frequency and scope. This trend has sparked significant interest among directors and officers as it carries both risks and opportunities related to corporate governance and insurance. To understand the broader implications, it is important to explore the factors contributing to the reduction of class actions and the ensuing risks.
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