Even the Government doesn’t fully understand insurance

Even the Government doesn’t fully understand insurance

On the business.gov.au website under a section looking at Market Stall‘s, they describe public liability insurance as the following: “Public liability insurance protects you against claims for property damage and bodily injury such as a product you’ve sold negligently causing a fire.” [Source: business.gov.au] As anyone in the insurance industry knows, this is not public liability but product liability. Thank you Kay Jackson from Simplex […]

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The courts are letting Victorian’s down

The courts are letting Victorian’s down

Like many Victorian’s I woke up to the sickening vision of the random attack of a pedestrian by one of three men walking along the footpath. But it gets worse.  The news report states that the culprit was allowed out on bail against the recommendation of the Police. The reasoning behind the attack? The culprit had been drinking and taking cocaine. As if that is […]

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Helping get the message out…

Helping get the message out…

I have recently been assisting in getting the message out about often misunderstood and confusing insurance topics. Here are a couple of recent articles I have made comment on for the author: How to save money on roadside assistance and avoid being ripped off The funeral insurance rip-off hurting Australia’s most vulnerable  

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Thank you industry in your help on the changes to the 457 visas

Thank you industry in your help on the changes to the 457 visas

Yesterday, senior representatives from Crawford & Co, Cunningham Lindsay, LMI Group, and the Insurance Council of Australia held a teleconference call with advisers from the Australian Government. This was hosted by communications experts Newgate. During the meeting we had a very fair opportunity to explain the role of loss adjusters in the claim process, the attributes, experience and qualifications necessary to deal with the ever […]

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Lord Atkin – From Queensland to the House of Lords Exhibition

Lord Atkin – From Queensland to the House of Lords Exhibition

I finally got the opportunity to visit the exhibition on Lord Atkin – from Queensland to the House of Lords. While everyone who has studied law or legal studies knows of his famous decision in Donoghue v Stevenson [1932] (The snail in the Ale case, I have written a photobook on this all important case here), few people appreciate Lord Atkin was born in Brisbane. […]

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Books glorious books – LMI Library continues to grow

Books glorious books – LMI Library continues to grow

The LMI Library continues to grow through 3 methods. Purchases we make when we see a newly published book on an insurance or risk management topic; Books that I or the team at LMI publish; and The very generous donations by those in the insurance industry who are looking for a good home for their own collection/library. Over the past week we received two wonderful […]

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Blog question – ISR Mark IV or Mark V, which is better?

Blog question – ISR Mark IV or Mark V, which is better?

I received this question which is not that easy to answer. On more than one occasion I have come up against a competing broker who states to clients that Mark V is better than the Mark IV therefore even if the Mark IV terms are more competitive the client has been so bamboozled they believe it. What is your view, is the Mark V better […]

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Addressing the lack of understanding about Compulsory Third Party (‘CTP’) insurance often referred to as Green Slip insurance

Addressing the lack of understanding about Compulsory Third Party (‘CTP’) insurance often referred to as Green Slip insurance

Steve Manning, an old friend Mike Quinlan and I are concerned at the many reports that have come out recently about the lack of understanding about CTP insurance. With this in mind, Mike is preparing a guest post and Steve is preparing a short video on the topic for his Insurance Bites YouTube Channel. I will let everyone know as soon as they are up […]

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Are Interest Costs claimable as an Increased or Additional Increased Cost of Working?

Are Interest Costs claimable as an Increased or Additional Increased Cost of Working?

This is a question often put to me as some loss adjusters and insurers push back when it is claimed. If I start with the actual wording from the Australian Industrial Special Risks policy which is found in many other policies, it reads: “The Insurance under this Item is limited to Loss of Gross Profit due to: (a) Reduction in Turnover; and (b) Increase in […]

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Guest Post: Steven Manning – Another New General Insurance Product Class introduced on LMI RiskCoach

Guest Post: Steven Manning – Another New General Insurance Product Class introduced on LMI RiskCoach

Only a week after the launch of Corporate travel the team are back at it again, be it in the background for months, on the launch of yet another class of insurance, Product Recall and Product Contamination insurance. With the addition of these new classes onto the system, users can now research 14 classes of General Insurance through their LMI RiskCoach Subscriptions. The reasoning behind […]

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