This week’s product recalls include: Jaguar Land Rover Australia — Jaguar F-PACE 3.0L diesel engine 2017 MY Read more Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz “S” Class Passenger Car Read more LennyLamb S.C. — Lenny Buckle Onbu Carrier Read more Polaris Industries Australia — Polaris Ranger XP900 Read more Cloud 9 Farm — White Velvet Cheese Read more Davey Water Products Pty Ltd — EcoSalt™ […]
Blog Question on insuring outgoings # 2
This is a follow on from yesterday’s post with a question on the same issue but with a difference. I end with a warning on the current, ‘computer says no!’ approach to underwriting. Question 2 Hi Allan, I just have a quick question in relation to Business Expenses necessary incurred. E.g. rates, water and sewerage rates, insurances, accountants fee etc. under the [insurer’s name withheld] Business […]
Blog Question on insuring outgoings # 1
I have had two questions this week on the insurance of outgoings. I share my answer to Question 1 today and Question 2 to follow in the coming days along with a bit of an outpouring of concern I have at present: Question 1. Hi Allan, hoping you can help me, I know you have addressed previously the need for a landlord to include outgoings when setting […]
Blog Question on Landlords seeking the tenant to arrange the building insurance
Over the past week I have had two similar questions on how to name the landlord on a policy of insurance where the tenant is required under the lease to arrange the insurance. Before I answer this particular question, I would like to share my views on the approach by landlords to not just have the tenant pay for the building insurance but arrange it. […]
Product Safety Australia Update 21/10/2016
This weeks announced recalls are as follows: G & L Yuen Trading As Yuen’s Markets Trading Co — Pandaroo Sushi Ginger 200g Read more Health World Limited — Metagenics Nasoclear Nasal Spray 30mL Read more Woolworths Limited — Halloween LED Spinning Wand Read more Audi Australia P/L — Audi Q7, SQ7 (4M) MY16 and MY17 – 7 Seat Variants Read more Mercedes-Benz Australia/Pacific Pty Ltd […]
Ebay joins the warning on imported products
I have posted a couple of articles of late advising of the fines and lack of insurance cover for imported products that contain asbestos. A Gold Coast broker has written in response as follows: Further to this I thought it interesting that as of a week ago certain purchases on eBay – namely from china – come up with a warning that I am responsible […]
New look to celebrate 5 years of blogging
This month sees the 5th anniversary of this blog with now over 850 articles published. I would like to thank all the readers and particularly those that share the articles and/or pose questions and comments. It remains a privilege to share my thoughts, research and knowledge with such a wide and diverse audience. Two things stand out. First is just how much I have learned […]
Are we failing our clients on Claims?
At the recent conference reflecting on the relevance and importance of Utmost Good Faith 250 years on from Carter v Boehm (1766) I questioned the wisdom of focusing on the cost of handling claims, including loss adjusters, lawyers and the like rather than the benefit achieved by good claims handling in mitigating loss not to mention enhancing the premium paying customer’s experience on their insurance program […]
Blog Question on Fire Service Levy increase
I received this question from an insured who is concerned about the Fire Services Levy, to be correct the Emergency Services Levy. I have withheld the name of the insurer as is my normal practice. ———————————- I received my home and contents insurance renewal for a policy dated 7/11/16. The Financial Services Levy (“FSL”) included was $181.85 (estimated by [my insurer]). Along with a letter […]
My concern on the risk to Australian businesses on the import of asbestos products grows
Following my post last week, I had several people write to me and I conducted my own additional research. Thanks to Brokers Ron and Gary and Gary’s client for their contribution. It appears that the governments in both India and China do not recognise chrysotile (white asbestos) as being harmful, so in those countries only products containing amosite (brown asbestos) or crocidolite (blue asbestos) are classified as […]