From the ACCC: Pana Organic Pty Ltd — Pana Organic Peanut Butter Chocolate Spread 200g Toyota Motor Corporation — Toyota Celica, Paseo, RAV4 & Starlet MY1997-1999 Porsche AG — Porsche Cayenne MY2020 Macpac NZ Ltd — Macpac Micro-Stove Smart Dollar Tamworth — Funny Crab K Care Healthcare Solutions t/as R & R Healthcare Equipment Pty Ltd — Fusion Comfort Chair Choosy Pty Ltd — Bean […]
Childers’ Backpackers fire 20 years on.
It was like only yesterday that I received the call to assist the Insureds following the horrific arson attack on their backpackers hostel in Childers, Queensland. While our Queensland office did much of the work, I was nevertheless heavily involved and visited the site over the course of the claim and subsequently. There were a number of insurance issues that had to be addressed, including […]
Product Recalls Australia – 23rd June 2020
From the ACCC: Porsche AG — Porsche Cayenne MY2019-2020 Super Kid Star — Paw Patrol Water Bullet 4-in-1 Gun Park Design Furniture Pty Ltd — Aero Dining Chair Simplot Australia Pty Ltd — Leggo’s Tuna Bake with Spinach & Garlic 500g Audi Australia Pty Ltd — Audi Q7 (4M) MY2020-2021 and Q8 (F1) MY2019-2021 Who-Rae Pty Ltd — Natural Spring Water Work Out Water 1L
Insurance is about protection – how do we get this message across?
I was sent a couple of articles by Jessica Irvine on how she cut the cost of her insurance by long-standing professionals concerned at the message it conveys. https://www.smh.com.au/money/planning-and-budgeting/how-i-cut-my-home-insurance-premium-in-half-20200619-p5549o.html https://www.smh.com.au/money/planning-and-budgeting/how-to-decide-if-you-really-need-home-and-contents-insurance-20200612-p551ys.html Ms Irvine explains that her insurance was $412.61 a year to cover $50,000 of contents with a $1,000 excess. In the article, she also mentions that she considers herself rich. I do not know her […]
LMI’s library has a new home
For those of you that have visited our Melbourne office in the past, would have seen that our collection of insurance books had outgrown the large space we had dedicated to our library. In what little spare time I have had since COVID-19 hit, and with the help of Steve, Susan and others, we moved the library into a new purpose-built space in a newly […]
Was the loss of stock caused by flood?
I read the InsuranceNEWS article on AFCA‘s decision on the flood claim involving the loss of frozen foods when the electricity company turned off the power in advance of an expected flood. The following is a run down of my review of the decision, which I have posted in response to a number of people that have contacted me expressing their horror and why I […]
Product Recalls Australia – 16th June 2020
From the ACCC: Ozito Industries Pty Ltd — Ozito Electric Airless Paint Sprayer Model ASG-7000 Yamaha Music Australia Pty Ltd — Line 6 Relay G10T Wireless Transmitter, G10S Digital Wireless Guitar System, G10 Digital Wireless Guitar System and G10T USB Charging Cable R & R Healthcare Equipment Pty Ltd — HiLite Chair Apollo Bay Distillery Pty Ltd — SS Casino Dry Gin 700mL Honda Australia […]
Only about a quarter of Business Packs still have a Premium Adjustments Clause for Business Interruption
Traditionally, Business Interruption policies were sold on a declaration basis where the Sum Insured –or the Industrial Special Risks Policy, and others– modeled on this form, the Declared Value and the premium was based on this initial figure. The test for under insurance (Coinsurance or Average), was set at 100% and so it was, and is still, necessary for an Insured to set the Sum […]
Product Recalls Australia – 9th June 2020
From the ACCC: Sheppard Cycles — Avanti Corsa SL Bicycles and Framesets MY2014-2018, Corsa ER Bicycles and Framesets MY2016-2018 and Giro C Bicycles MY2016-2018 Kawasaki Motors Pty Ltd — Ninja ZX-10R, ZX-10RR and ZX-10R SE Motorcycles MY2019-2020 Volkswagen Group Australia Pty Ltd — Volkswagen Touareg MY2020 Volkswagen Group Australia Pty Ltd — Volkswagen Tiguan R-Line MY2017-2019 NF Importers Ltd — Ducati 1299 Superleggera Motorcycle MY2017
Do you or your clients drive a Ford Ranger or Everest?
As regular readers are aware, I post each week a list of the products that have been recalled in Australia. It staggers me the number of products that are not recalled with people continuing to use. The scariest ones for me are anything involving 240-volt electrical wiring, fittings and or appliances, and the Takata airbags. Another one has hit the list. This involves some Ford Ranger […]