Contact

 

To contact us, we are available 24/7 to service your insurance and risk needs.

Cooper Professional Risks Pty Ltd t/as CPR Insurance Services

Postal Address
PO Box 180,
Grange QLD 4051

   

Office Address

    Suite 5, 3 Days Road
    Windsor QLD 4030

at Grange Five Ways

Telephone

While we are based in Brisbane, we have made it easier and cheaper for our client s to use the following local numbers if they operate from the following areas:

Brisbane 07 3123 1137

Gold Coast 07 5518 8603     

Sunshine Coast 07 5313 7754

Townsville 07 4767 7156

Adelaide 08 7200 3584      
 

Fax (all locations) 07 3102 9294

Mobile 0439 530 910 (Robert) 

Mobile 0403 692 223 (Mandy)

 

Email enquiries@cprinsurance.com.au

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Latest News

D&O premium pool ‘must treble’ to return to profitability

A new report – called "Show Me The Money!" by insurer XL Catlin and law firm Wotton + Kearney – is the second in a series of three white papers on securities class actions and their impact on the Directors & Officers Liability (D&O) market. The main conclusion is that Directors’ and officers’ (D&O) insurance premiums are under-priced significantly and need to rise strongly to restore profitability. The main risk areas are those exposed to securities class actions, 

It says Directors & Officer's Side A, Side B and Side C cover has been chronically underpriced since at least 2011, while the frequency of class actions is increasing as more plaintiff lawyers and litigation funders enter the space.

The analysis suggests last year’s overall premium pool of about $210 million would need to increase by at least three times to establish a profitable market, if it is assumed all other factors stay unchanged.

“Recent market developments would indicate most D&O insurers are now endeavouring to restore some semblance of profitability to their portfolios after years of market losses,” the report says.

read more

75% of Cyclone Debbie claims settled

In the 6 months since Cyclone Debbie devastated Queensland and parts of northern New South Wales:

• more than 31,000 homes and business have been repaired or received settlements from their insurance company

• more than 20,000 families have had possessions replaced

• more than 4,500 motor vehicles have been repaired or new vehicles provided

• hundreds of local builders and trades have been working on properties to repair the damage and destruction caused by the cyclone

• over $5 million has been paid EACH DAY to assist local communities, residents and businesses.

read more