Insurance Business Australia

2 days ago | insurancebusinessmag.com | Kenneth Araullo

Cyber By Jun 27, 2025 Share Cybersecurity challenges in the healthcare sector are intensifying. In recent years, the industry experienced over 1,700 cybersecurity incidents – a sharp rise from 1,378 the previous year. These incidents have spanned a range of provider types, including radiology services, pharmacies, and medical transport firms, highlighting the broad vulnerability of the sector’s digital infrastructure.

2 days ago | insurancebusinessmag.com | Kenneth Araullo

Property By Jun 27, 2025 Share The US property and casualty insurance industry entered 2024 under continued financial pressure following two years of notable underwriting losses. Factors contributing to the negative results included elevated catastrophe losses, economic inflation affecting claims costs, and a reinsurance market that remained firm across multiple lines.

2 days ago | insurancebusinessmag.com | Roxanne Libatique

Motor & Fleet By Jun 27, 2025 Share Electric vehicle (EV) sales in China reached 11.3 million units in 2024, marking a 39.5% increase from the previous year, according to an analysis by TradingPedia using data from the European Automobile Manufacturers’ Association and the International Energy Agency. This volume represented nearly half of all new vehicle registrations in the country, reinforcing China’s position at the forefront of the global EV transition.

2 days ago | insurancebusinessmag.com | Kenneth Araullo

Professional Risks By Jun 27, 2025 Share Ascot has appointed Tracy O’Hara (pictured above) to the newly established role of deputy chief underwriting officer for US financial and professional lines. She will report to Jesse Paulson, chief underwriting officer for Ascot US. In her new position, O’Hara will work alongside business unit leaders to support underwriting strategy, governance, and risk selection across the company’s financial lines portfolio.

2 days ago | insurancebusinessmag.com | Kenneth Araullo

Legal Insights By Jun 27, 2025 Share Safe Auto Insurance Co. and its policyholder Jaime Valdez have filed a lawsuit against Lewis Brisbois Bisgaard and Smith LLP, alleging the law firm’s failure to act on a $25,000 settlement offer resulted in a $5 million judgment tied to a 2021 auto accident. The underlying incident occurred in April 2021, when Valdez struck a minor, Owen LaRue, leaving him with serious injuries.