This week’s product recalls includes the following: NET (Australia) Pty Ltd — NET Homeopathic Remedies Yamaha Motor Australia Pty Ltd — Golf Car Honda Motorcycle and Power Equipment Pty Ltd — Honda CRF1000 Main Stand Kit AT & R Pty Ltd — Candy Cot SQ610 YouFoodz Pty Ltd — YouFoodz Clean Paprika Chicken Meal Quality Gourmet — Chilli Coconut Mayo 240g Mercedes-Benz Australia/Pacific Pty Ltd […]
I received the following question on the Concessions Agreement: Hi Allan, I note the ISR policy still has the “Concessions agreement” clause. Is this still relevant and how does it actually apply in terms of any claim? Regards David [surname and email provided] I replied as follows. The Concessions Agreement was from a different age. It really died, after many decades in the 1990’s. The […]
Last week I reported on the tragic death of 2 young children when it is believed a toy fell onto an electric heater. Subsequently causing a small fire and smoke. Original article here. Several fire and ex-fire officers, including one from LMI’s Risk Management International unit, contacted me to ask me to remind readers of the importance of smoke detectors in bedrooms. While none of […]
As I have reported in a few recent blog posts, I have been extremely disheartened at some of the revelations that are coming out of the Royal Commission. Some issues have not been surprising and I am pleased they are being addressed. I think that Mr Peter Kell has hit the nail on the head with several of his statements including: The community expects that […]
Voting has now opened for the finalists of the 2018 Northern Territory Insurance Awards, cast your vote here. I support the Territory Insurance Conference each year for both its education and recognition of the excellence in the insurance industry. Good luck to all nominees.
Some good news for a change to show that insurance is not all bad. With the lady that had her car written off by an uninsured driver, and found she had missed her monthly premium and had no insurance herself. See original article here. My son Steve, who knew the father of the Insured and a senior colleague with us at LMI Group, who heard […]
This week’s product recalls includes the following: TJM Products Pty Ltd — PACE Remote Reservoir Strut Assembly inc Coil Spring Shock Absorber – LHF & RHF – for Selected Ford Ranger Vehicles GSM (Operations) Pty Limited, a wholly owned subsidiary of Billabong International Limited — ELEMENT Brand Alder Boys Jacket Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz AMG, GT and GTS Passenger Cars Rhuby Delights — […]
Hello Allan, I have a claim where the Insured has two policies. One insurer [Insurer X] is deducting the gross settlement from other insurer [Insurer Y] from their settlement so the client is in effect worse off by taking out a second policy. Fundamentally, I cannot agree with an insurers approach and feel that despite our insured purchasing additional cover through a second insurer to […]