Prof. Allan Manning's Blog

Back to basics – is lightning covered under the peril of storm and tempest?

Back to basics – is lightning covered under the peril of storm and tempest?

I post this article in response to a question put to me by an insurance broker whose client was hit with a higher deductible that applies to storm and tempest for a claim arising from a lightning strike. Well maybe, maybe not. Let us turn to a review of the history of fire and perils insurance coverage for the answer. On the one hand, I […]

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Another example of why we need insurance

Another example of why we need insurance

On Saturday, one of our team was out fishing with a friend and was returning back to the boat ramp late afternoon to pull up the boat onto the trailer. While doing this, another SUV, valued in the range of $100,000 reversed down to launch a jet ski. The driver got back into the car upon launching the Jet Ski and then not realising the […]

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Our safety at risk

Our safety at risk

The Australian Competition and Consumer Commission (“ACCC”) has warned deaths and injury caused by unsafe consumer products costs at least $5 billion a year but amazingly there’s no law against the sale of such items. Speaking to the National Consumer Congress in Melbourne last week, the ACCC chair Rod Sims said there are around 780 deaths every year caused by consumer products Australians have in […]

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SCAM ALERT – WESTPAC CHRISTCHURCH APPEAL

SCAM ALERT – WESTPAC CHRISTCHURCH APPEAL

A post from ABC Perth has identified “Westpac says its had several reports of people receiving emails with the bank’s branding requesting donations for the victims of the Christchurch terror attacks. The email link goes to a scam site called mothersawakening and the account they supply is NOT the correct account for donations to Westpac’s Our City, Our People Fund.” Please be aware of this […]

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Bonded Stores / Warehouses

Bonded Stores / Warehouses

A bonded store, or bonded warehouse, is a building or other security area in which goods that are subject to a duty or levy, such as an import duty, excise tax or the like, can be stored, manipulated, manufactured or assembled without the payment of a duty. Depending on the jurisdiction, it may be managed by the state or by private enterprise. When it comes […]

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The real cost of car theft and staged accidents

The real cost of car theft and staged accidents

I was pleased to see that Queensland has rejoined the National Vehicle Theft Reduction Body. This is funded half by State Governments and half by the Insurance Industry. What blind Freddy can see, is that those named in gangland shootings also feature disproportionately in staged accidents, stand over tactics by dodgy panel beaters and car and mobile equipment theft. We even saw one gang insert […]

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More on the composite cladding issue

More on the composite cladding issue

One of the biggest issues facing the construction and insurance industries of late has been the use of composite paneling. Of course linked to this is the number of fires involving extruded polystyrene “XPS” in cool rooms. I am anxious to learn as much as I can about the issues as is Steve Manning and we acknowledge those that are assisting us including AXA UK […]

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I fully support the review of Fire Service Levy in NZ

I fully support the review of Fire Service Levy in NZ

It was a nice way to end a tough week to read in InsuranceNEWS that the New Zealand Government is looking at alternatives to having the fire service levy heavily funded by insurance. There is absolutely no doubt that people buy less insurance when the price goes up. We saw it here in Victoria before the Black Saturday bush fires, in North Queensland due to […]

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Buyer beware when it comes to XPS

Buyer beware when it comes to XPS

On Saturday when I made my weekly pilgrimage to the big box store hardware store I was horrified to see that they were selling an extruded polystyrene (“XPS”) insulation product that was recommended to be used under home flooring or in the ceiling space. I have not done any tests on the product but based on studies I have read and seen, in the event […]

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Sad death of stonemason from silicosis highlights a risk for those using labour hire

Sad death of stonemason from silicosis highlights a risk for those using labour hire

It was reported yesterday that Mr White, a stonemason working on the Gold Coast, passed away from silicosis. In a separate report, his brother has also been diagnosed with the same deadly disease. Under Australia WorkCover legislation all workers are covered through their employers workers’ compensation insurance. As such, employers are somewhat protected. There is a serious problem however where the organisation under which the […]

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