Gow Gates Posts

COVID-19 has cost reinsurers up to US$400 million in Olympics losses, but a cyber attack could be just as significant

August 12, 2021

Banning spectators from attending the Tokyo Olympics due to COVID-19 is estimated to have cost the global reinsurance industry up to US$400 million, according to Fitch Ratings. It’s just one of many losses both insurers and reinsurers have faced due to COVID-19, as the pandemic has led the industry to rethink some of the cover […]

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Why insurance isn’t just an EOFY concern

June 23, 2021

The end of the financial year is a busy time in the insurance calendar, with many business policies renewing at this time. And with June 30 almost upon us, if you’re one of those businesses, you’ve probably already been in touch with your broker to arrange your renewal. But insurance isn’t a set and forget, […]

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Is it covered? Mouse plague hits rural Australia

June 2, 2021

Australian farmers have been dealt another devastating blow, this time in the form of a mouse plague that is sweeping across parts of Eastern Australia. The plague is affecting a wide region, from Southern Queensland down to the NSW/Victoria border, with central NSW the hardest-hit area. But damage to businesses, homes and crops  will potentially […]

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