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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Product Recalls Australia – 31 July 2018

Product Recalls Australia – 31 July 2018

This week’s product recalls includes: Volkswagen Group Australia Pty Ltd trading as Skoda Australia — Fabia II, Fabia III, Roomster, Rapid, Yeti, Octavia III, Superb II, Superb III & Kodiaq 2 Bucks Plus Loose Change — Gold Framed Sunglasses Ambient Lounge — Ottoman Lightforce Australia — Lightforce LiFePO4 Battery Charger Elegomall – Elego Magnetic Ball Metcash — Black & Gold Crumbed Fish Portions 500g DNZ […]

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Serious amounts of lead in some Hashmi eyeliners.

Serious amounts of lead in some Hashmi eyeliners.

I often ask you to keep your eye out for our warnings on recalled products. This one I want you to keep your eyes well away from. The NSW Health Department uncovered the issue when 3 children from the same family became sick. On testing two eyeliners, namely Hashmi Surmi Special and Hashmi Kohl Aswad, it was found they were a staggering 84 per cent […]

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Conveyancing Money Transfer System hacked

Conveyancing Money Transfer System hacked

I have received phone calls and emails from several law firms following the interception and illegal transfer of clients’ money (I understand there have been at least two incidences). Thieves have managed to hack into the software system PEXA (Property Exchange Australia), the nation’s new online property transfer system. The fraudsters had gained access via the conveyancer’s email account, and diverted the money into their […]

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Natural Perils – learn more about floods, hurricanes, sinkholes, and volcanoes with Disaster Week on SBS

Natural Perils – learn more about floods, hurricanes, sinkholes, and volcanoes with Disaster Week on SBS

Coinciding with the release of LMI’s ContinuityCoach.com Version 2.0 next month, SBS is kindly running a 4 part series of documentaries on Natural Perils. While Natural Perils are only 1 of 12 categories of risk that ContinuityCoach addresses, it is an important one with not all necessarily covered by insurance. Sinkholes: Deadly Drops’ Imagine if your backyard just disappeared one day – falling into a […]

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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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Fined for using a mobile phone while in charge of a motorised lawn mower

Fined for using a mobile phone while in charge of a motorised lawn mower

As regular readers will know I am a very strong advocate against the use of mobile phones, particularly texting while driving. I support the introduction of exclusions in motor vehicle policies as a deterrent against this extremely dangerous practice. I therefore read with interest that police in the UK pulled over a council employee who was, I gather, driving the motorised industrial ride on lawn […]

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This is one piece of legislation that I would love to see come to Australia

This is one piece of legislation that I would love to see come to Australia

The UK Government is calling for a change in the legislation to make directors personally liable with fines of up to £500,000 for nuisance calls. The UK already have legislation that allows fines to be imposed, but directors are avoiding the fines by winding up the companies, declaring them bankrupt only to open up again the next day. This legislation would close this loop hole. I […]

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Lessons from the Tyre Industry for the General Insurance Industry

Lessons from the Tyre Industry for the General Insurance Industry

I recall quite plainly when the then NZI Insurance started advertising insurance on buses, my then state manager, Mr Russel Hay of the General Accident Insurance could not believe that any insurer would discredit the industry by advertising on the side of a bus. As a young man I did not see anything wrong with this but Mr Hay thought that this degraded the great […]

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Product Recalls Australia – 5th June 2018

Product Recalls Australia – 5th June 2018

This week’s product recalls includes the following: Danish by Design Pty Ltd — Troll Lukas Cot Read more Panasonic Australia Pty Ltd — Panasonic Toughbook Laptop Read more FCA Australia Pty Ltd — MY 2016 – 2018 Alfa Romeo Giulietta Read more Instinct Property Maintenance Pty Ltd — IBF400 Ethanol Burner Read more Toyota Motor Corporation Australia Limited — Lexus NX200t, NX300h, RX200t, RX350 & […]

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