LMI are supporters of the Business Continuity Institute (“BCI”) with our John Worthington, head of ContinuityCoach (www.continuitycoach.com), holding a position on the international board, heading up the compliance area. As a result of our association, we receive useful reports etc. from them. The latest that I have received is the results of the 5th Annual BCI Supply Chain Resilience Survey, 2013. As you would expect, supply […]
Disappointing News Following NSW Bushfires
The recent article in the Sydney Morning Herald about the delays in home owners having their debris removed, is yet another example of why home owners should not rely on either charity or government to bail them out in the event of a loss. I understand that over 200 homes were destroyed and $3 million was kindly raised by charities. That equates to $15,000 per […]
Guest Post on Business Interruption
The following is reproduced from an article published recently, that was penned by my son Steve. ——————————————- It astounds me just how often I am confronted with businesses that have closed their doors after a seemingly small loss that was thought to be fully insured. I have found that the reason this occurs is because most business owners believe that their commercial insurance policies will apply […]
Podcast on Business Continuity Planning
In this week’s InsuranceByte I interview Bernie Kane, one of New Zealand’s foremost insurance brokers, on how he uses business continuity planning to open the door for new business. His motto is that it is not about insurance, it is about managing risk. Please click the link to view the podcast prepared by LMI Media. http://www.youtube.com/watch?v=-ARui7IXU2Y&feature=youtu.be I thank Bernie for his time in participating […]
Research Project into EPS Panelling in Residential and Commercial Buildings
Sandwich panels / EPS panels in the food and beverage industry has been around for many years and it is usually quite easy to detect due to the distinctive metal cladding glued on either side of the extruded polystyrene (“EPS”) material. There are, in fact, a wide range of materials used as the insulation infill, but it is treated all the same (but typically not […]
Podcast on Flood v Rainwater
This week’s InsuranceByte is with Gordon Paulsen, a National Claims Executive with LMI Claims Services who is based in Sydney. Gordon speaks of his experiences with some of the recent flood claims.
New Helmets for the Collection
Soon after starting LMI back in 1999, I prepared a claim for Mitchell’s Outdoor in Sydney. Their CBD store was involved in a fire, which resulted in a very large loss, but the claim went smoothly. During my first meeting with the client, at another of their stores, I made mention how much I liked an old brass New South Wales firemen’s helmet. I explained […]
The Not so Common Endorsement on Motor Policies
Every 2 or 3 months a broker complains to me that they have been caught by an exclusion that they were not aware of in Motor policies. The exclusion involves the use of the wrong type or grade of fuel in the car. A typical exclusion would read: ‘What you are not covered against: Loss or damage to your vehicle as a result of using a […]
Good Risk Management Practice – Example
Quite often, fire engineers /risk surveyors recommend the installation of a fire pump to increase the water pressure for the fire sprinkler system and/or fire fighters. In the case of Viscount Plastics Pty Ltd’s factory in Carole Park (a suburb of Brisbane), the investment of $65,000 in this type of fire-fighting equipment is credited with saving the $30 million plastics factory. The fire broke out on Sunday, 6th October and was clearly […]
Typhoon Haivan
Anyone who has watched the television over the past week or so could not help being moved by the suffering of the people of the Philippines. Guy Carpenter has produced an updated CAT-I report on the event, which I share with readers. Like me, their first thoughts and concerns are with those lost or recovering from the exceptionally severe impacts of Super Typhoon Haiyan. Haiyan is […]