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Disaster insurance ‘flawed’

New Zealand’s dual insurance system has been deemed inefficient by a leading insurance company, following the Canterbury earthquakes. A report by Vero insurance and Deloitte Access Economics – Four Years On: Insurance and the Canterbury Earthquakes – was released yesterday in Christchurch. The dual claims’ management model – in which claimants had to deal with both their insurer and the Earthquake Commission – was slow, frustrating and inefficient, Vero bosses said, questioning whether it delivered the best result for customers…

 

Australia prepares for floods in aftermath of major cyclones

Australia braced on Saturday for heavy rains and floods after weather authorities downgraded two cyclones that lashed its north and northeast, damaging homes and snapping power links, but there were no reports of casualties. Troops were on standby to help with clean-up efforts in the northeastern state of Queensland after heavy rains and winds in excess of 200 kph (125 mph) brought by Cyclone Marcia on Friday. Weather authorities warned of destructive winds, heavy rains and abnormally high tides as rivers swelled, but officials said the storm’s impact had been weaker than expected…

 

Tropical Cyclone Marcia: Endangered loggerhead turtle eggs relocated ahead of storm

Turtle nests are relocated due erosion caused by Tropical Cyclone Marcia at Mon Repos beach. ABC News: Courtney Wilson

Turtle nests are relocated due erosion caused by Tropical Cyclone Marcia at Mon Repos beach.
ABC News: Courtney Wilson

There are over 400 individual nesting turtles on the beach near Bundaberg, and on average each turtle will lay four clutches of eggs per season, Queensland Parks and Wildlife Service (QPWS) ranger-in-charge at Mon Repos Turtle Centre, Cathy Gatley, said. She said volunteers, including about 15 at Mon Repos Beach this morning, had been relocating eggs all along the beaches near Bundaberg in anticipation of the wild weather. “This is the main nesting beach for the endangered loggerhead turtles so we’ve been here making sure that we relocate any nests that may be exposed,” Ms Gatley said…

 

KPMG announces two senior appointments

KPMG has bolstered its team with two new senior appointments. Ken Hall joins as a partner, and Curtis Baron joins as a director, to help enhance the cyber security and business resilience practices. Prior to his new role with KPMG, Hall worked at Wipro where he was the head of the Global Cyber Security Consulting practice…

 

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