Blog Question: Requirement to advise insurer when major home renovations are undertaken

Hi Allan, I was in discussion with an insurance underwriter who was dismissive of me when I suggested that one of our staff needed to advise his company when a major renovation was being undertaken to one of our client’s home. Could you please advise if the requirement to advise the insurer is still market practice. Thanks and regards John [surname and email provided] Hi […]

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Sydney Siege Finally Treated as “Act of Terror” for Insurance Purposes

It is pleasing to see that the Federal Treasurer finally made the necessary declaration enabling those with insurance to lodge claims for property and business interruption losses from their insurer with the Australian Reinsurance Terrorism Corporation once their self retention has been exhausted. I appreciate that there were many things to consider and that the Christmas/New Year period intervened but to take a month to the […]

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Blessed News – The Arrival of Audrey Victoria Manning

Many readers saw me introduce at the 2014 NIBA conference an image of the scan of my future granddaughter. She was anxious to start learning about insurance (the Mr Owl book) and arrived 20 days premature on Thursday 8th January. She is named Audrey Victoria. Despite being tiny at 2.58 kgs (5.5 lbs) she is in very good health and came home yesterday. Mother Chantelle (and […]

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Blog question: Why do we Make Business Interruption so Difficult?

Hi Allan, I am sorry to email you direct with a question however I am no longer on LinkedIn. If it is not something that you could assist me I will understand. I am having trouble putting in words why something is done a particular way…in the basis of settlement why is it that we “apply the rate of gross profit to the reduction in […]

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Having only the Farm Assets Insured is Only Part of Being Fully Protected

A number of rural communities have been effected by the recent bushfires in Victoria and South Australia. The ones that I know about thankfully have their fencing, crops and livestock insured, but what is so often missing is any form of Business Interruption cover. This starts with what some insurers call Farm Continuance Cover. This allows the owners of the farm to continue to meet […]

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LMI Legal opens Melbourne Office

I am pleased to announce that following the ongoing success of LMI Legal, the practice opens an office in Melbourne as of today. With offices now in Sydney and Melbourne, the specialist insurance law practice will continue to service all states and territories in Australia. The Melbourne practice will be headed by Lior Maisner under Practice Leader Peter O’Brien. Lior has many years experience in the […]

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