Hi Allan, I am literally sickened and disgusted with the NSW Government for having the arrogance to foist this increase onto the NSW community, after taking into consideration the unprecedented financial hit that businesses are currently experiencing, both with recent bushfires and now COVID-19. Where is their common sense, not to mention basic humanity? I applaud your previous comments and stance in this area, and […]
Product Recalls Australia – 26th May 2020
From the ACCC: Decathlon (Australia) Pty Ltd — Baby Seat 100 B-CLIP Bicycle Baby Carrier Kmart Australia Ltd — Solid and Filled Egg Bag 360g and Filled Caramel Egg Bag 160g Daimler Truck and Bus Australia Pacific Pty Ltd — Freightliner Argosy, Century Class (CST112) and Coronado Trucks MY2019 Fresh Fodder Pty Ltd — Babaganoush 200g HQVA Pty Ltd — Husqvarna Motorcycles Svartpilen 701 MY2019-2020 […]
Product Recalls Australia – 19th May 2020
From the ACCC: Vermeer Manufacturing Company — Vermeer BC1000XL, BC1200XL and BC1500 Brush Chipper Trailer FIT-BioCeuticals Limited — Blackmores Professional Duo Celloids SCF 170 and 84 Tablets Polaris Sales Australia Pty Ltd — Ranger XP 1000 and Ranger Diesel Side by Side Vehicles MY2020 Super Kid Star Pty Ltd — Various Children’s Toys Toyota Motor Corporation — Lexus ISF MY2013-2014, LX MY2013-2015, IS, GS and […]
Blog question – Does COVID-19 create a force majeure situation?
This question was asked of me over the weekend and before I put down my own thoughts, I did a quick search and found a great article by Paul Venus and Scott Alden, from Holding Redlich, that covers the issue extremely well. Rather than reinvent the wheel, I simply attach a link to their quality analysis. Thank you gentlemen, well done! https://www.holdingredlich.com/force-majeure-and-covid-19-what-you-need-to-know-now What I would add […]
Blog Question – Goodwill
A question came through this morning on Goodwill. The broker thought that Goodwill covered an Insured’s existing goodwill, which is a common misconception. So let me start with explaining what goodwill is. Most businesses, not all, develop a reputation that generates income through their good name. This can be due to their proven performance, their reliability and/or the quality of their product or service. The […]
About coverage during property renovations
Hi Professor Manning, I read all of your blogs, and now it’s finally my chance to write to you with a query! Here’s one that has confused the team at Stanton’s a little bit.The context is that a client has a Landlord policy with [Insurer name withheld] for a property in Footscray.They are in between tenants so they have decided to restump the building. The […]
ISR Question on physical damage trigger for interruption claim
Hi Allan, For your interest, we have just placed an ISR [Industrial Special Risks] MKIV [Mark IV} Modified co-insured risk, part in Australia and part in London. The risk does not have any Section 2 cover for Diseases, Murder, Suicide, etc. and also contains a Communicable Disease Exclusion clause. That aside, London have modified the schedule of cover as follows: Section 2 – Consequential Loss […]
Product Recalls Australia – 12th May 2020
From the ACCC: Western Digital — Power Supply model number APP524-051240U for My Passport Wireless Pro and SSD Hard Drives Medtronic Australasia Pty Ltd — MiniMed 640G Insulin Infusion Pump PS Importers Pty Ltd — Triumph Trophy and Trophy SE Motorcycles MY2013-2017 Sun Yee International Trading Pty Ltd — Atem Power 3000kg Hi Lift High Farm Jack 48″ inch Audi Australia Pty Ltd — Audi […]
Claim process from the Insured’s perspective
One of our team has been assisting a long standing friend with a domestic claim. The claim finally settled, and the Insured wrote the following to our team member: I begin to understand the industry. It’s simply a case of negotiating and being able to hold on – if they feel they have escaped a charge they may be liable for, and they can avoid a […]
Nearly missed a major milestone
Yesterday, my post urging everyone to complete the ClaimsComparison survey, was my 1,500th post to this blog. Little did I realise when I started this back in October 2011, that it would become so popular and valued by the insurance community. I want to thank the many thousands of readers, either directly from this site or through Linkedin or Facebook. A special thanks to those […]