A 6.1 magnitude earthquake that hit California’s Napa Valley on 24 August is estimated to have an economic impact of over US$4 – 4.2 billion, with insured losses estimated to be around half of this, according to Kinetic Analysis, which predicts that the earthquake could cost insurers and reinsurers US$2.1 billion. This leaves a huge uninsured proportion. A significant amount of the insured losses is business […]
I am extremely pleased to announce that Murray Rowley and Shirley Shi have joined me at LMI as part of our Claim Services team. Murray, who is regarded as one of the world’s experts in mining losses, has been handling claims in a wide range of industries since the late 1960’s. He is both a Chartered Accountant and Chartered Loss Adjuster. One of Murray’s great strenghts […]
In support of the release of Product Recall comparisons on LMI Policy Comparison.com I spoke on the television about the need for insurance and the costs associated with a recall. To view a copy of the segment please click here.
It was pleasing for the residents of Roma to learn that a major insurer in their town, Suncorp, had reduce premiums by up to 90%, even though the flood mitigation work being undertaken by the Council, with funding from the State and Federal Government, was not yet completed. It does show that the insurance industry does want to work with local authorities in protecting the […]
A series of interviews I had with Dallas Booth on his television program Dollars with Sense has aired recently. Those interested may like to see the interview by clicking here. To the brokers, it may be worth sending out the link to clients who need the cover but do not have it in place. That way it is a sales tool as well as protecting your […]
August 2014 will have 5 Fridays, 5 Saturdays and 5 Sundays. This happens only once every 823 years, but should be a good month for revenue for restaurants and other industries that tend to do more business on Fridays and weekends. It happens this time in August, the 8th month, which the Chinese find lucky too boot. Just something I thought interesting and worth sharing […]