I received this article from Andrew that I found informative and thought I would share: “It’s a common misconception that it’s ‘accurate enough’ to forgo a building insurance valuation and rely on the Consumer Price Index (CPI) and or the Building Price Index (BPI) to update sums insured each year. Firstly, if there is no professional independent valuation, there is no accurate foundation for these […]
I received this interesting article from the Australian Cyber Security Centre regarding the cyber threat to Australian organisations which I thought I would share. I have listed some of the key findings which are detailed in the report : Cyber adversaries – an individual or organisation that conducts cyber espionage, crime or attack Cyber Espionage – offensive activity designed to covertly collect information from a […]
The tragic death of a guest at a AirBNB has once again reminded me of the potential risks of opening your house up via AirBNB or any similar service. In this case, the homeowners were effected by the death of a guest. As I have reported in earlier posts, it is likely that your home policy will not respond to theft and or damage caused […]
Following my post on Friday warning on the sub-limits that apply to collections under Australian home contents insurance policies, I had a number of people write asking what constitutes a collection. One suggested that a collection is when the group of items has a combined value as a group than they would if valued separately. While this sounds logical, the definition that would be used […]
Following a interesting case involving a collection that was destroyed in an earthquake, Steve Manning and I go over the issues in a podcast that I hope you find interesting and informative. Click here to view.
I was honoured to be asked to speak at the Insurance Council of New Zealand’s (“ICNZ”) annual conference yesterday. I really enjoy this conference for a wide range of reasons. It is certainly one of the best in Australasia and I encourage anyone who has the chance to go along, to attend. One of the many take away points from the conference was the way […]
LMI Group featured twice in this week’s edition of the very popular and informative InsuranceNews. The first article refers to my recent talk on new market entrants moving away from community rating to risk rating flood, cyclone bush fire covers as one of the topics I spoke on at last week’s very successful Territory Insurance Conference in held in Darwin: http://www.insurancenews.com.au/local/market-entrants-picking-low-risk-flood-covers The second article details a recent meeting held by the insurance broker education […]