This week’s product recalls include: FCA Australia Pty Ltd — Fiat Ducato Van MY2016-2019 Red Milawa Pty Ltd t/as Magic Mobility — Magic Mobility Power Wheelchair Honda Australia Pty Ltd — Honda Accord MY2002, 2005-2007 and Honda Civic MY2006-2011 Audi Australia Pty Ltd — Audi A6 (C8) and A7 (F2) MY2019 Daimler Truck and Bus Australia Pacific Pty Ltd — Freightliner Coronado and Argosy Trucks […]
Not all Accidental Damage policies are as good as a traditional Fire and Perils Home Policy
There was an article last week which suggested a French Bulldog was playing with a cigarette lighter, and consequently caused a major house fire. This is the first time I have heard of this as a cause. The article makes mention that the Insured’s policy is likely not going to cover them for the fire damage. Why? If the policy has an exclusion which states […]
Please visit the LMI team and I at the 2019 Northern Territory Insurance Conference
One of the highlights for Steve and I is attending and presenting at the Northern Territory Insurance Conference each year. From its very start 7 years ago the Territory Insurance Conference has been very well attended and it is testament to the organisers, the Young Insurance Professionals (YIPs) that so many organisations have come on board to sponsor the event and I join with the […]
Travel Insurance v Health Insurance
There are a couple of areas that keep causing confusion in travel insurance. The first is the need to honestly disclose preexisting injuries and illnesses. A second is the need to report loss or theft to the police. I have written on each of these in the past. For example, here is a link to one on the need to report theft. The one I […]
Nothing new about Phishing emails
As a follow up to my post yesterday highlighting October as Cyber Security Month, I thought I would share a bit of history. While we may think that Phishing emails, that is sending an email purporting to be from a senior executive to the finance or accounts department in the hope they will be fooled into transferring money, is something new, this is in reality […]
October is Cyber Security Awareness Month
Cyber security is without doubt one of the biggest risks facing individuals and businesses large and small. There will be a lot written on this topic this month but I just want to suggest that if you are not already using a password management system that you consider it. This has been a godsend to me with so many passwords to manage. The last thing […]
Product Recalls Australia – 23 October 2019
This week’s product recalls include: Renault Australia — Renault Trafic III Van MY2018 Renault Australia — Renault Megane IV R.S. MY2018 Polaris Sales Australia Pty Ltd — Polaris Ranger XP 1000 (Side By Side) MY2018-2019 Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz A, GLC and CLA Class MY2019 GP & GF Hill Pty Ltd — Venco Direct Drive and Venco Number 7 Pottery Wheels Core Ingredients […]
Introducing LMI RiskCoach 2.0
LMI are extremely pleased to be celebrating 10 years of RiskCoach, in this our 20th year of operation. It is interesting to reflect how this very popular service for brokers and underwriters came into existence. After taking a year to research and write the Understanding the ISR 3 volume book series I worked on developing a service, PolicyCoach, to allow brokers to build a quality […]
One area we do not want to follow the United States
With so much of what happens in the United States finding its way to Australia, one statistic worries me and should be of concern to government in that country. That is the life expectancy in the US has fallen every year for the last 3 years. Only Mexico has this decline with the rest of the world enjoying increasing life expectancy. I was not aware […]
A sensible change in the WA law that should be considered Australia wide.
I often wonder why we have to have a tragedy before we use common sense and prevent loss of life, personal injury or property damage. In Western Australian it has taken a 21-month old child to be killed by a falling chest of draws to prompt a change to allow tenants to be able to secure furniture and or safety equipment to the building. I […]