I was delighted to get a wonderful collection of insurance texts on a wide range of topics from Mr Keith Wehl. Thanks Keith, you really made my day when you dropped them in. The books have all been cataloged and included in our ever growing insurance library. These take our collection to just over 1900 books. The library is available for use by anyone in […]
ANNOUNCING: LMI RiskCoach OnTheGo
LMIGroup are pleased to announce the next evolution in its award-winning system LMIRiskCoach with RiskCoach OnTheGo. RiskCoach OnTheGo brings industry specific risk information from over 7000 industries and puts it in the palm of your hand. The system allows users to research industry specific risks across 12 classes of insurance, look up significant exposures and explore risk checklists like never before. Go one step further […]
Steps To Take Immediately Following A Loss
STEPS TO TAKE IMMEDIATELY FOLLOWING A LOSS Below is a small section of a Guide which assists you to prepare a business insurance claim. It explains a raft of issues such as GST, under insurance and much more. If you would like a free copy please email, vic@lmigroup.com Report the claim to your insurance broker/adviser or if you do not have one, contact your insurance […]
Dubai launches Dolphin water jetpack system for firefighting from the air
Reports from an article published by the ABC show how Dubai is taking firefighting to new heights, quite literally, with their introduction of a water jet pack system called ‘Dolphin’. You can view a video of the Dolphin in action on the ABC website (link above). Alongside the Dolphin is the Martin Jetpack being looked at as an option to reach those tricky areas safely as it […]
Cleaning effervescent
Today’s post is a follow up on a post two days back which centred around a potential product liability claim involving pavers which had been effected by unsightly effervescent powder. What is effervescence? Efflorescence is the chalky white look that develops on many bricks and pavers from naturally occurring salts in the raw materials bricks and pavers are made from whether this be clay or concrete. Typically […]
Did anyone partake in this survey
My post yesterday on two topics the supposed statistics of dodgy claims and the rise of the direct market in business insurance certainly generated a lot of response with heaps of emails on both. Last night I posted a follow up on the second issue, and this morning following further emails over night I thought I would add further comment on the first issue of […]
A disturbing response to my post today on buying business insurance direct – Get Ready for a Manning Rant!
In response to my earlier post today I received this email from a distressed broker. Thanks yet again Allan for your insights. Yes; it is extremely distressing to note the upsurge in the so-called ‘direct’ market influence. I’m going to be very blunt now & tell you about an experience I’ve had during the last week. The son of a very loyal commercial client of 30 […]
2 Articles caught my eye today
There were two articles that I looked at today with mixed feelings. The first suggested that 50% of claimants were ‘dodgy’ and inflated their claim. Having handled claims for over 45 years, yes there are some people that do exaggerate claims but 50%. I really do not think so. It is my experience that people go in conservatively so that the claim goes through quickly and with as little fuss […]
Section 54 of the Insurance Contracts Act and its relevance to new US and UK ban
“New provisions from the UK government means that those travelling to the UK on a flight originating from any country on the banned list will not be permitted to bring personal electronic devices (PEDs) larger than 16cm in length, 9.3cm in width and 1.5cm in depth (or thickness) into the cabin, needing to place these items in their checked luggage instead. The US does not give specifications for the PEDs […]
Blog question – Embargos
Over the past 24 hours, I have had a number of questions regarding Embargo’s on insurance policies. My son, Steven, recently posted a YouTube video explaining Embargos and I would refer those interested to this. Which can be viewed here: https://www.youtube.com/watch?v=HL5G6ICAnfw