Follow up question on run off cover for Product Liability

I received the following as a comment to an article I wrote on 11 September on the need for run off cover for Product Liability.   See http://www.allanmanning.com/question-on-product-liability-run-off/. The question is too important to be potentially lost in the comments section so I have moved it to this post in its own right: “I have a client that has a stand-alone liability policy, whom import and distribute baby products […]

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InsuranceByte – Claims Preparation

In this week’s episode of Dollars with Sense, Dallas Booth interviews me on the role of a claims preparer at the time of a claim. To view the episode please click http://www.youtube.com/user/LMIGROUP?feature=watch

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A milestone in vehicle safety shared at no cost

A common feature of passenger safety in motor vehicles came about with the introduction of the three point seat belt. The first car model to have the three point seat belt as a standard item was the Volvo 122 way back in 1959. The familiar three point belt was developed by Nils Bohlin while working at Volvo. In an act of great social responsibility, Volvo made […]

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Question on Product Liability Run Off.

I received this question today: I have a client that has Business Package policy. The client imports plastic iPhone cases in from Taiwan. The client has advised me that he’s putting his business on hold (not winding down), due to family health reasons and won’t be renewing the policy. My concern is the product liability area, as the Insuring clause reads that personal injury or […]

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Introducing LMI Legal

As the LMI Group continues to deliver solutions to our clients, it became increasingly apparent that we needed to have our own legal practice to support the work we already do in areas such as contract reviews, policy drafting & interpretation and claims preparation. We also felt we ought to extend this specialist legal service to insurance brokers, general insurers and to others in the insurance and wider communities. Accordingly, it […]

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A question on the Action by Sea exclusion under an ISR policy.

This is the question:  Hi  Dr Allan, I am hoping you can provide some guidance on the interpretation on the Action by Sea exclusion on the ISR. “ Damage occasioned by or happening through water from or action by the sea, tidal wave or high water” Provided that this perils exclusion 3 shall not apply if Damage is caused by or arises out of an […]

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GST Question

Thirteen years after the introduction of the legislation of the Goods and Services Tax it is still causing confusion. I received this question recently. Please confirm if the owner of a commercial property that is registered for GST, invoices the tenant including GST & is paid by the tenant including GST how this is treated by the insurer in the event of a claim. Does […]

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InsuranceByte – extended overseas trip

This week’s podcast is an interview I gave to Dallas Brookes, the host of the popular TV show, Dollars with Sense. Dallas asked a series of questions on the topic of when a neighbour is left to sort out temporary repairs when the owner of a home is overseas on an extended holiday. To view the interview on this topic please click on the following […]

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NSW Government holding up much needed reform

It is extremely disappointing that after last year’s white paper and the NSW State Government’s “Have Your Say” program, that they have decided to delay the removal of the Fire Service Levies in that state. The reason given is they want to see how the transition of the tax in Victoria from insurance to property rates goes. From our position, Victoria is a case of […]

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LMI ClaimsComparison off to a flying start

The interest in LMI’s latest research service, LMI ClaimsComparison has been greater in its first week than any of the other products brought to market. This is great and vidicates the work that has gone into the service. I would like to thank all those who have written and rung to say “thank you” and say how you value this particular product and/or the ongoing […]

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