I would like to join those congratulating Ron Tatarka, the founder and Managing Director of Scott Winton Insurance Brokers, for winning this prestigious award for the second year running. LMI do a lot with Ron and his team and it is not only nice, but a measure of the quality of Ron, that he mentioned the relationship we have as being one of the reasons […]
Update on ClaimsComparison.com
As was kindly reported as the lead story in Insurance NEWS this week, the first review of the ratings has been completed by the LMI ClaimsComparison research team. Several insurers have had a rating change typically no more than 1 star in either direction. At this stage we are still only rating the personal lines classes but we are in the finishing stages of fine tuning […]
Removal of Debris Sub-Limits Still far too Low
In all bar a couple of the major claims that I and the LMI team have been involved in around Australia and New Zealand of late, the Sub-Limit for Removal of Debris has proved painfully inadequate. $100,000 cover for Removal of Debris under any Industrial Special Risks (“ISR”) Policy or its equivalent is really not enough. For any ISR I would like to see a minimum […]
Blog Question: Disruption Caused by Damaged to Landlord’s Property
This question is a follow up to a earlier posting on the trigger for a Business Interruption claim (refer http://www.allanmanning.com/blog-question-trigger-for-business-interruption/). Good morning Allan I read your earlier article on the trigger for a business interruption claim. My query is in respect of a [Australian] Zurich business package wording. Question is will the Business Interruption policy section respond if the building is damaged (being a […]
Blog Question: Will an ISR Policy Respond to a Business Interruption Claim When the Stock is Insured Elsewhere?
This is a question that has been asked of me three times in the last month. As I explain to Shane today in response to the latest question: Good afternoon Shane, This is a common question asked of me, certainly of late. The trigger for a Business Interruption claim under an ISR Policy contains what is known as the Material Damage Proviso. This Proviso reads […]
A Happy Ending
I received this email from a broker following up on a question he had asked me a couple of weeks ago. Hi Allan, I spoke with you a couple of weeks ago on this claim scenario relating to a burst water pipe where the client was hit with a $x,000 water bill for the lost water after their pipe burst and damaged their contents/stock. The […]
Beware another scam
I received an phone call advising that I had won $990 of travel as I was the lucky winner on my last travel day. It was initially an automated call and they did not mention my name or frequent flyer number. The call then transferred to a person who asked if I had a personal credit card and I could immediately see where this was […]
ClaimsComparison.com Upgrade and Rating Changes
LMI Claims Comparison, which was launched in the third quarter of 2013 generated a great deal of interest. Since then, we have provided a great deal more information as to how we rate the policies and have updated the ratings based on the latest information released by the Financial Ombudsmen Service. To view the current ratings, please visit: www.claimscomparison.com During May we will be commencing […]
A Quick tip on Spotting Spoof Emails
Steve Manning and I are currently researching and writing the third eBook in our Mannings Guide to Insurance series on the hot topic of ‘Cyber Security and Insurance’. One of the tips we will be providing is about spotting spoof emails that claim to be genuine, centering around how the email is addressed. For example, if you receive a genuine email from PayPal it will […]
New Cameras Introduced into Victoria to Catch Mobile Phone Users
This week it has been announced that a number of new cameras have been rolled out across Victoria to catch drivers who are on their mobile phones talking, texting, or being otherwise distracted. This includes putting on make up and not wearing your seat belt etc. The cameras are able to see inside the vehicle from a distance of up to 700 metres. The evidence […]