Drivers texting and engaging in other activities is something that I have written posts on several times in the past. Since the last one, my wife Helen was involved in her first car accident in 40 years of driving when a driver (who was texting) drove through a red light and slammed into the front of her car. The distracted driver was travelling at 60 […]
800 Years of Magna Carta
I am in London this week visiting some of LMI’s UK clients, sorting out a couple of messy claims and meeting some potential new clients interested in our policy review and drafting services. I was really pleased that the visit coincides with a couple of major milestones. The first is the 800th anniversary of the sealing (it was not signed) of the Magna Carta (Latin for […]
LMI Newsbeat now out
LMI’s latest newsletter covering a range of topics is now available and you can get your copy here. Articles include Drones, Slip and Fall claims, Business Continuity Management Planning and LMI Mining. If you enjoy the articles you can subscribe to obtain future editions direct.
Latest LMI PolicyComparisons now available
As an ongoing service to our valued subscribers to LMI PolicyComparison Australia, I list below the policy comparisons that have been added to Australia’s premier policy features and benefits comparison website in the last month. You can now view these comparisons at www.PolicyComparison.com. AAMI Landlord Insurance – A01460_0214B Achmea Australia All in One Farm Pack – AIOFP_VA2.0_1114 Allianz Farm Pack – POL065BAFI_1014 Allianz Marine & Transit Underwriting Agency […]
Latest ClaimsComparison survey results now available
Just in time for the busy 30 June renewal cycle in Australia the analysts at LMI have published the latest claim survey results. I would like thank all the participants who completed this important industry survey on claims service, which the team have now collated and used to review the current ratings on Claims.Comparison.com by product and brand. We report across 28 Product Classes which totals […]
A stitch in time can save nine – regular maintenance checks a must
I am over for much of this week in New Zealand delivering a round of master classes on property insurance. Yesterday, I was in Wellington staying at one of my favourite hotels, but as I was delivering the lecture, I kept being distracted by a partition wall out on the balcony which was moving far more than it ought in the famous Wellington wind. At the […]
Lloyd’s Have Extended Their Sanctions Limitations and Exclusion Clause to Include Australia
Sanctions exclusion clauses and warranties are nothing new and, in fact, are commonly used across the insurance industry as a tool for insurers to mitigate risk arising from the international sanctions regimes to which they may become exposed (e.g. suppliers and /or customers coverage). Wordings vary according to the country of origin. Lloyd’s have put out a Market Bulletin, No Ref: Y4861 on the subject which covers […]
Oils Ain’t Oils When it Comes to Policy Wordings – Don’t you get Caught!
A broker approached LMI with a problem in that he had moved a motor vehicle policy with an Agreed Value to what he thought was a similar coverage, but called Nominated Value. Regrettably, it was a case of apples and oranges with the terms meaning different things. The definition of Nominated Value in the new policy is stated as: Nominated value Nominated value means the […]
A lot of movement in the IT liability space
The team at LMI PolicyComparison dropped me a note flagging that they had have seen quite a sharp increase in interest in the market for this class. – Insurance for IT/Tech industry. The product has been around for some time of course. It’s a combined policy usually addressing Professional Indemnity (“PI”) and General Liability for IT firms. PolicyComparison have generally addressed the policies by comparing them under […]
A short Interview on Terrorism Insurance
One of the topics that generates the most questions to me has over the past 6 months with many radio and press interviews has been around the terrorism event in Sydney and how policies respond, and the trigger for coverage. Business Strategist, Michael Harrison, interviewed me recently on the topic which he himself was keen to understand. Here is the result: https://www.youtube.com/watch?v=x4PwU8BhbZU