This week’s recalls includes: Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz G Class MY2011-2018 Koryo Food Co — Koryo Food Pickled Clams 180g Brow Shop Holdings Pty Ltd — Perma Blend Queens Red Pigment 15mL Pureplay Orthopaedics — Alpha Conducting Solution (ACS) 15mL and Alpha Conducting Solution Replacement (ACSR) 250mL used with Alpha-Stim M and AID Devices Medifab Ltd — Shuttle Discovery with 4 Wheel Verve […]
Emergency Services Levy – the added cost to insurance
A few weeks ago when I was watching the disturbing photographs of the bush fires in Queensland and New South Wales they showed footage of the Premier of New South Wales meeting with volunteer fire fighters. I wanted to post something at the time, but did not feel it appropriate when people’s lives and homes were at risk, but the thought crossed my mind. How […]
Under Declaring – You are now the insurer!
Yesterday I had one of those calls where you can feel the frustration and stress in the broker, where a long standing client is under attack by another broker who is simply selling on price and stripping away the years of hard work that the holding broker has put into the client. In this case, the attacking broker is advising the Insured to only declare […]
Testing & Tagging – worth the effort?
As part of our risk management strategy and, in particular, as part of our occupational health and safety regime we carry out regular testing and tagging of all the electrical appliances and items in our offices. The regulations differ per state but in Victoria where I am based, the Victorian Occupational Health and Safety Act (2004) states that an employer has a legal obligation to ensure that […]
Blog Question – Advanced Loss of Profits
I received a question from a reader seeking some information around Advanced Loss of Profits cover for a construction project, I share my answer to the reader below with you all too. Advance loss of profit (“ALOP”) insurance provides coverage for financial losses due to delays in construction and infrastructure projects caused by an insured peril(s). ALOP also called delayed completion coverage or delay in […]
Product Recalls Australia – 18 September 2019
This week’s recalls includes: IBD Medical — Dario Blood Glucose Tracker App Android App Versions 4.3.0-4.3.2 VISIT Group Pty Ltd — Sketch Mug Sydney Opera House Costco Wholesale Australia — Contigo Gizmo 2.0 Kids Water Bottle 414mL 3 Pack Decathlon (Australia) Pty Ltd — Bike Carrier Adaptor for Car Bike Carriers Jaguar Land Rover — Jaguar XF MY2016-2018 Harley-Davidson Australia Pty Ltd — H-D Detachables® […]
Cyber Security and Insurance
In my reading over the last week, there has been 3 articles reinforcing the importance of cyber security and cyber insurance. Currently, one of the biggest costs to business is not ransomware, but rather phishing scams. So much so its now known with the acronym “BEC” which stands for Business Email Compromised. The latest report says US$26billion has been stolen through this ‘BEC’ scams. This […]
Product Recalls Australia – 11 September 2019
This week’s recalls includes: Mercedes-Benz Vans Australia/Pacific — Mercedes-Benz Sprinter VS30 Van MY2019 3M Australia Pty Limited — 3M Cubitron II Roloc Durable Edge Disc 984F Coles Supermarkets Australia Pty Ltd — Coles Brand Fresh Full Cream Milk 2L Landson Glass Pty Ltd — 4mm Clear Toughened Glass Penske Commercial Vehicles — Western Star Trucks MY2011-2018 Jaguar Land Rover Australia — Range Rover Evoque MY2016 […]
The end of the P saga!
I am pleased to report that following a somewhat long battle, the thief has paid the bill and had our P replaced. He was embarrassed and apologetic for the silly error and whilst it should have never happened, i’m glad it is behind us and he has learnt the lesson.
Vale Donna Walker
It was with great sadness and shock that I learned of the passing of Donna Walker, an insurance professional for whom I had the highest regard and respect. I join my family and the entire team at LMI in offering our sincere condolences to her family and colleagues.