The number of cyber-related security incidents increased 48% to 42.8 million last year, according to a PriceWaterhouseCoopers (PWC) worldwide survey. The average financial loss from breaches grew 34% to $US2.7 million, while the number of organisations reporting financial hits of more than $US20 million nearly doubled. The number of detected cyber incidents has increased at…
The Abbott Group is now part of the largest Insurance Broker network in Australasia, the Steadfast Group. We were previously a member of the Allied Group which consisted of 31 member broker firms throughout New Zealand. The Allied Group has now been dissolved to become part of the Steadfast Group, which comprises of 306 brokerages…
At 5am on Friday 4th July our client, Jim, texted to ask us to call him urgently. Jim was on holiday in Rarotonga with his wife and had suffered a moderate heart attack. He had been taken to hospital and was under the care of local doctors. We immediately contacted the corporate travel insurance company AIG,…
Any entity that receives rental income is at risk if their income stream ceases unexpectedly. There can be significant financial risks to landlords when the loss of rental income impacts net profit, leaving the landlord unable to service borrowings. The most common reason this occurs is when the rental premises are damaged, and rental income…
The Abbott Group has entered into a Strategic KiwiSaver Partnership with SBS Bank subsidiary Funds Administration New Zealand Limited. With over 2.4m Kiwis now in the government subsidised scheme, Kiwisaver is here to stay. However we know a lot of people remain unsure of the full features and benefits available, or how to maximise their…