Insights
There is always something exciting happening at Lockton. Here are just a few from our newsroom.
A boardroom issue The world has changed, but good employees have always been hard to find and even harder to hang onto. COVID-19 has only further complicated this issue, and organisations across many industries are now facing severe staff shortages. As economies start to open up again, the emplo …
THE FACTS OF THE MATTER – NOTIFYING CIRCUMSTANCES THAT MIGHT GIVE RISE TO A CLAIM An insurer might breach its duty of utmost good faith if it’s canvassed issues with an insured that were clearly capable of giving rise to a claim, which the insurer later denies. Further, a panel lawyer’s report to …
Tough insurance market conditions combined with a challenging economy are driving businesses to explore alternative risk transfer (ART) solutions such as parametric insurance. Insurers have been significantly increasing premium in many risk areas and tightening terms and conditions at renewal to …
Flash floods, storms and wildfires are likely to become more frequent and severe due to climate change. As a result, companies may need to include these risks in their crisis scenarios in order to protect staff, operations, reputation and revenues. The number of weather-related disasters has increas …
Falling battery prices and the growth of variable electricity generation are fuelling an interest in the development of Battery Energy Storage Systems (BESS), but project developers need to manage the potential fire risk. Lithium-ion battery perkWh costs dropped 85% in the period 2010-2018 and ar …
Lockton has observed an increasing number of ransomware attacks in Australia and the prices of ransom demands are skyrocketing. When a ransomware incident occurs, many organisations are left surprised and struggle to know what to do or where to look. This has significant implications on the impacts …
