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Knowledgebase

Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.

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Insurance News

NSW Adviser Convicted

Dec 18 ::

ASIC has convicetd a former Financial Adviser of managing a corporation while disqualified in a NSW court earlier this week.

Already banned permanently from providing... read more

If insurance was free, would there still be an under-insurance problem?

Dec 18 ::

Even if price was not a factor, AMP`s Chris Kirby argues that Australia would still have an under-insurance problem. This is why it is the industry`s job to kill preconceptions... read more

Insurance Articles

The Weird and Wonderful World of Insurance

We came across this amusing (but true) insurance story with an interesting twist. Only in America! - read more

5 Tips for Dealing With your next Insurance Claim

Sometimes processing an insurance claim after a catastrophic event can turn into a nightmare. This article contains some pointers on how to handle the bureaucracy and confusion that can occur when filing a claim. - read more

Professional Indemnity Australia :: About Us

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