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Storm damage bill jumps by $41 million

Storm damage in Toowong from the storm that hit Brisbane on November 28, 2014. Photo: Glenn Hunt

Storm damage in Toowong from the storm that hit Brisbane on November 28, 2014. Photo: Glenn Hunt

The estimated damage bill from November’s massive hail storm has jumped by another $41 million and is likely to keep rising as insurance claims keep trickling in. More than 88,500 claims totalling $845 million dollars have been lodged with private insurers after the ‘freak storm’, which tore through Brisbane on November 27. Insurance Council of Australia general manager of risk Karl Sullivan said the “vast bulk” of repairs and replacements should be finished by March or April but some complex claims for high end commercial property could take as long as a year to wrap up…

 

NASA’s SMAP satellite to predict natural disasters, help farmers

NASA’s latest project, known as the Soil Moisture Active Passive (SMAP) satellite, may help farmers bounce back from a bad yield, provide useful information to meteorologists, and allow experts to predict natural disasters. The technology, which is set to launch into orbit from California’s Vandenberg Air Force Base, effectively maps global soil moisture…

 

Three challenges that business continuity managers face in 2015

As we enter a new year it’s always a good exercise to look ahead at potential changes in the coming 12 months and what these might mean for existing business continuity plans and systems. Will the strategies you had in place in 2014 remain fit for purpose, or will some reworking be necessary? What emerging threats need to be considered to ensure that new exposures are not developing? In this article I highlight three areas which are likely to be the biggest generic business continuity challenges in 2015…

 

Australia’s emergency funding is another disaster waiting to happen

Bushfire burns near homes in the Blue Mountains, West of Sydney, in 2013. Dan Himbrechts/AAP

Bushfire burns near homes in the Blue Mountains, West of Sydney, in 2013. Dan Himbrechts/AAP

The fires that have swept through South Australia over the past few days have destroyed at least 12,000 hectares and up to 38 homes, in what have been described as the worst South Australian conditions since Ash Wednesday in 1983. With the fires still burning, we don’t yet know the full toll. After the fires the clean-up and rebuilding begins. If the recovery costs pass a threshold, the federal government will intervene…

 

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