Upcoming changes in star ratings ClaimsComparison.com

Upcoming changes in star ratings ClaimsComparison.com

Over the past week, LMI’s in-house statistician and I have been going through the relevant data from the regulator and the recent survey. It has been a huge task over many long days. First of all, I want to thank all those that took the time to carry out the survey. We had nearly 3,000 respondents, many rating more than one claims experience. The updated […]

Read Me

Why insurance will not meet the cost of removing and replacing non-conforming building materials

Why insurance will not meet the cost of removing and replacing non-conforming building materials

The vast majority of insurance policies that insure buildings and or the liability that may arise from owning or occupying one, contain a number of standard exclusions found across the entire market that specifically exclude claims arising from faulty workmanship, faulty materials and or faulty design. These policies include but are not limited to residential home, residential and commercial strata, contract works, industrial special risks […]

Read Me

The story of the stolen “P” continues

The story of the stolen “P” continues

Yesterday I posted an article covering the theft of a sign from our office building and the way that I was able to track down one of the 3 men involved in the theft, damage, etc. I have had several requests to keep the story going and hence this follow up. I was interviewed on 3AW and for those interested here is a link to […]

Read Me

Product Recalls Australia – 17 July 2019

Product Recalls Australia – 17 July 2019

This week’s recalls include: Woolworths Group Limited — Inspire Xmas Glass Votive Candle BIG W — BIG W Decorative Christmas Candle Holder JAS Oceania Pty Ltd — Powercon Jump Starters Ozsale Pty Limited — Absorba Boys Navy Blue Robe and Bodysuits Hino Motor Sales Australia — Hino 300 Series Trucks MY2018 Melijoe — Checked 2-Piece Pyjama Set Petit Bateau Porsche AG — Porsche Cayenne (9PA […]

Read Me

CCTV as a risk management tool – A case study

CCTV as a risk management tool – A case study

On Monday morning, 15th July, we arrived at work to find that part of our signage had been stolen off the front of our building. It was not only the loss of the sign that frustrated me but as so often happens the cost of repairing the damage, here the wiring to the led lights that back lit the sign would be more than the […]

Read Me

Government help for non-conforming cladding but at what cost

Government help for non-conforming cladding but at what cost

It has been reported today in The Age that the bill to fix hundreds of private buildings around Victoria covered in highly flammable cladding will be in part picked up by the State Government , as announced by Premier Daniel Andrews. The cost to rectify the problem is expected to initially run to $600 million. What the end cost will be is anybody’s guess. While […]

Read Me

Victoria follows Queensland and NSW on PI insurance for Building Consultants

Victoria follows Queensland and NSW on PI insurance for Building Consultants

The Victorian Government has lowered the insurance requirements for building professionals operating in this State. In effect, it means that the requirement on Building Practitioner’s to have NO exclusion in respect of non-conforming building materials has been done away with. What disappoints me is that some insurers were taking, what to me was, a very fair approach and only excluding known non-conforming building materials. With […]

Read Me

Product Recalls Australia – 10 July 2019

Product Recalls Australia – 10 July 2019

This week’s recalls include: Fuchs Lubricants (Australasia) Pty Ltd — Renolit EP 2 (2.5kg) Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz AMG GT C MY2017-2018 Myga International Import and Export Pty Ltd — N8 Branded Children’s Sleepwear Yamaha Motor Australia Pty Ltd — YZF-R3A and MT03A Motorcycles MY2019 Volkswagen Group Australia Pty Ltd t/as Skoda Australia — Skoda Kodiaq MY2018 Volkswagen Group Australia Pty Ltd t/as […]

Read Me

Product Recalls Australia – 3 July 2019

Product Recalls Australia – 3 July 2019

This week’s product recalls include: Peter Alexander Sleepwear Pty Ltd — P.A! Scented Large Triple-Wick Candle – Various Fragrances 400g TJX Australia Pty Ltd — Infant Sleep Bags Honda Australia Motorcycle and Power Equipment Pty Ltd — EU22i Generator Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz SLS Class MY2011-2014, A Class MY2005-2010, GL Class MY2007-2008, ML Class MY2009-2011 and SLK Class MY2009-2012 Passenger Cars (extended recall) […]

Read Me

Bali ATM scam!

Bali ATM scam!

Yet another scam has developed in Bali where when you use an ATM machine at a mini-mart, the machine immediately swallows your card. When you go in and report it to the mini-mart operator, they advise you to enter your pin number and the card will be returned. You can imagine what happens, as soon as you enter your pin, all the money in the […]

Read Me