Stay up-to-date with the latest news, information and updates from Honan Insurance Group, including innovation in the insurance space, business highlights, community & partner profiles and company announcements.

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December 18, 2023

EV Charging Stations in Strata Buildings – Navigating Fire Safety from an Insurance and Design Perspective

With the rise of electric vehicles, strata owners have to adapt by incorporating EV charging stations in their buildings. This shift requires a profound reassessment of fire safety, particularly concerning EV batteries, which differ significantly from Internal Combustion Engine (ICE) vehicles. This article explores the evolving fire safety landscape in strata buildings equipped with EV charging stations, drawing insights from property insurance and the critical role of design professionals, shedding light on insurers' criteria in these specialised spaces.
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December 1, 2023
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Marsh completes previously announced acquisition of Honan Insurance Group

Today marks a major milestone as we announce Honan are now part of global risk manager and insurance broker, Marsh.
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November 30, 2023

Double dispensing rules: what are the grounds for refusal?

Since the introduction of the 60-day prescription of PBS medicines in September, many patients can now receive twice the medication for the cost of a single prescription. From September 2024 this will apply to more than 300 medicines on the Pharmaceutical Benefits Scheme (PBS). While pharmacists’ opinions on the ‘double dispensing’ policy vary greatly, the expectation from both clients and prescribers is that prescriptions will be fulfilled.
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November 29, 2023

Managing Psychosocial Hazards in the Workplace – Webinar key take-aways

In a series of three webinars together with Gilchrist Connell and Honan Employee Benefits last month, we explored the ongoing impacts of psychosocial hazards across the different lenses of Employment Law, Workers Compensation and Employee Benefits. With a specific focus on best practices and practical guidance in how to best manage your risks so you not only meet regulatory guidelines but also continue to provide a safe work environment for your employees. Here are the key take-aways from the sessions.
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November 29, 2023

Managing Risks Associated with Short-Term Rentals in Strata Complexes

Up until the early 2000s, short-term lodging options were predominantly provided by hotel chains and commercial providers. However, the landscape has undergone a significant shift in recent years, with platforms like Airbnb, Stayz, AirKeeper, Made Comfy, and Hometime reshaping the industry. These platforms empower individuals to directly rent out their properties to consumers, offering a lucrative avenue for additional income. Yet, the venture of leasing strata properties for short-term stays brings unique risks for both lot owners and strata managers. This article explores the key exposures and offers practical insights to effectively address and minimize these challenges.
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Managing the risks associated with shareholder class actions: a review of the AMP settlement

Earlier this month, the Supreme Court of New South Wales approved the settlement of the AMP class action and appointed Maurice Blackburn as settlement administrator of the settlement distribution scheme. This was after an agreement between AMP Limited and its shareholder class action had been reached on 20 August 2023, for a sum of $110 million inclusive of costs. This article takes a closer look at how this class action unfolded and the risk solutions that could protect companies from these events.
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November 27, 2023

Why Discussing Domestic Building Insurance (DBI) is crucial this Christmas

While Christmas Day typically involves light-hearted conversations about holidays, books, and movies, as well as reflections on the past year and hopes for the New Year, we suggest adding a less festive but important topic to your household discussions this Christmas: Domestic Building Insurance (DBI).
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Ensuring a Secure Transition: Run-off Insurance and Warranties & Indemnity Insurance for Acquisitions

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Honan Insurance Group Pty Ltd is now fully owned by Marsh Pty Ltd. To find out more, speak to your broker or read the announcement