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XTimely blogs from our risk and insurance experts on the issues and trends that affect your business – and your bottom line.
RECENT BLOGS
One of the world’s largest aluminium producers, Norwegian firm Norsk Hydro ASA (Hydro), reported on 19 March 2019 that their business was experiencing an extensive cyber-attack that had impacted IT systems in most of the company’s divisions.
In May 2017, the NSW State Insurance Regulatory Authority (SIRA) developed Guidelines for workplace return to work programs in line with legislation to support, inform and guide employers in developing a return to work program.
New requirements have been introduced by the NSW Government relating to residential and other buildings within NSW that have external combustible cladding.
The Victorian Environment Protection Amendment Act 2018 (EP Act) passed on the 26th July 2018 and will be progressively introduced until 2020.
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Amendments to the Heavy Vehicle National Law came into place on 1 October 2018 and put into place a ‘Chain of Responsibility’ (CoR) for the heavy vehicle transport supply chain in all states and territories in Australia, excluding Western Australia[1] and Northern Territory.
The ongoing Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (“Royal Commission”) has attracted great media attention for much of 2018. In the insurance world, this has prompted a shift in insurers’ attention to policies that may respond to claims arising from the Royal Commission.
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With risk increasingly interconnected and interdependent in today’s rapidly changing world, your resiliency depends on how well you manage disruption, no matter its source. With the right mix of traditional and advanced risk mitigation and risk transfer strategies in place, you can overcome direct and indirect business interruption more effectively and better protect critical assets and your bottom line.
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It’s vital that you take allegations of harassment and misconduct seriously while also taking steps to protect your organization from potential claims.
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Across risk management functions in organisations of all sizes, there has been a gradual but steady shift in the way risk is understood and managed. We are seeing organisations move away from the static risk register and traditional process-driven approach, to give greater focus on integrating risk management into business processes, forming something of a decision-guiding tool at all levels of the business.
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Businesses and individuals with vehicles registered in NSW will start 2018 with a “gift” from the SIRA, as rebates on Green Slip policies will be distributed from January.
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