The insurance industry needed a good 2018 – The Carr Fire in California is the worst in the state’s history.

The insurance industry needed a good 2018 – The Carr Fire in California is the worst in the state’s history.

In Northern California, the Carr Fire has burned at least 110,154 acres since Monday 23rd July and is reported to have claimed at least six lives according to media reports and Cal Fire. The cause of the fire was a “mechanical failure in a vehicle.” To date over 38,000 people have been evacuated due to the fire. It has been reported that the surveying of […]

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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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Blog question – Possible time gap in coverage when changing insurers

Blog question – Possible time gap in coverage when changing insurers

One of the questions I received yesterday read: “I seem to recall a case where a customer switched insurers, neither insurer’s policy specified a start or expiry time, only a date.  A incident causing rise to a claim occurred on that specific date and both Insurer’s were passing responsibility to the other. What I can’t recall is the outcome, which insurer was ultimately responsible and […]

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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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Lord Atkin Exhibition – Supreme Court of Queensland

Lord Atkin Exhibition – Supreme Court of Queensland

Lord Atkin, the Chief Justice of the House of Lords is famed for his decision in Donoghue v Stevenson [1932] UKHL 100, regarded by many as the most important case in the 800 years of the common law. Not many people are aware, including Steve Manning and I until we started our research for our book on the case and its impact on society and general […]

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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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Compulsory Third Party Insurance Explained

Compulsory Third Party Insurance Explained

When the statistics came out showing just how few people understood Compulsory Third Party Insurance, it created quite a discussion with several of my longest standing friends. Within LMI, there are a number of our staff who have been involved in motor vehicle accidents where the third party had no insurance at all. The worst was an overseas student, who had borrowed a friend’s car, […]

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2 milestones reached today

2 milestones reached today

Today marks the 1,100 article posted to this site. As with all the services that the LMI team and I have developed, it is designed to educate in risk management and insurance, be a sales tool to insurance brokers, and protect the professional indemnity program of advisers. We were recently told that we had done far more to assist brokers in these areas than any […]

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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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