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More than half of APAC’s top CEOs and CFOs say their companies are underprepared for climate-related financial risks, finds FM Global
More than half of APAC’s top CEOs and CFOs say their companies are underprepared for climate-related financial risks, finds FM Global
June 16, 2020
COVID-19, bushfires and floods. Businesses in Australia have had a lot to contend with this year. Yet, despite climate risk simmering in the background for APAC based businesses, more than half (58%) of the 100 APAC senior executives surveyed admit their companies are not fully prepared to address the adverse financial impact of climate risk.
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NSW EMERGENCY SERVICES LEVY
May 27, 2020
ESL contributions are to increase by 21% from $898m in the 2019-2020 financial year to $1,090m in 2020-2021. Budget increases are to fund workers compensation reforms that allow for benefits to be payable to firefighters diagnosed with prescribed cancers, as well as increased expenditure in Rural Fire Services (RFS) capabilities. FM Global have estimated that to meet the funding obligations to the fire and emergency services a rate of 37% will need to be applied to all assessable NSW premium effective 30 JUN 2020.
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NSW EMERGENCY SERVICES LEVY
March 10, 2020
In the latest financial reports available to us the industry premium pool reported higher than expected premium growth. In light of a larger market size, FM Global have estimated that to meet the funding obligations to the fire and emergency services a rate of 27% will need to be applied to all assessable NSW premium effective 30 MAR 2020.
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NSW EMERGENCY SERVICES LEVY
February 06, 2020
In light of a bigger premium pool base, FM Global have estimated that to meet the funding obligations to the fire and emergency services a rate of 29% will need to be applied to all assessable NSW premium effective 15 FEB 2020. We expect a rate rise effective 30 JUN 2020 largely driven by the significant increase to the brigade budget for 2020/21.
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