The household clothes dryer remains one of the most common causes of household fires, along with food left cooking on the stove. I was reminded of this due to an article I read on the News.com.au website. With the dryer, the issue is that lint builds up eventually overheating and catching fire. To greatly reduce the likelihood of this happening it is important to clean […]
A common question on Business Interruption
I would think that the most common question put to me on business interruption is what is the difference between increase in cost of working coverage and additional increase in cost of working. Speaking with Steve Manning, Revell Weightman, Murray Rowley and many other experts at LMI, it is appears it is for them as well. Today I received this: Dear Allan, I hope this […]
Product Recalls Australia – from 13th – 19th November, 2020
From the ACCC: M Thrift Store — Soft Building Assembly Series – Animal Bath Sets and Wind-Up Elephant and Kangaroo SCV Imports — 2020 Salsa Cutthroat Bike Frame Fork Ximi Vogue — Various Cosmetic Products Ricci’s Bikkies Pty Ltd — Ricci’s Bikkies Cinnamon Crunch 120g JIL Group Pty Ltd — Fit-Lato Lemon Meringue Gelato 473mL Schneider Electric (Australia) Pty Ltd — Clipsal Socket Outlets 10mA […]
A piece of Insurance History
I find it interesting whenever I see an old insurance sign, fire mark, agency sign or the like of an insurer that I did not know. With a new development in the CBD of Melbourne, the demolition of one building uncovered a long forgotten sign for the Australasian Catholic Assurance Co Ltd, that offered life, fire and accident insurance – general insurance. Thinking it was […]
Product Recalls Australia – from 30th October – 5th November, 2020
From the ACCC: Bio Living — Blue Frog Gluten Free Cereals 350g Natural High Co Pty Ltd t/as Bounce Foods — Bounce Cashew Caramel Protein Energy Ball 40g PACCAR Australia Pty Ltd — Kenworth Trucks MY2009-2020 Officeworks — OTTO TW100 True Wireless Ear Buds Auxico (Perth) Pty Ltd — Lao Gan Ma Chilli Sauce Chicken Flavour 280g Brazco International Pty Ltd — Make It On […]
Yet another phone scam to be aware of.
The following is a warning issued by the Australian Cyber Security Centre that I share in case you have not seen it. Scammers purporting to be from Australian Cyber Security Centre (“ACSC”) [of all people] are calling Australians and attempting to trick them into installing malicious software on personal devices. The Australian Cyber Security Centre warns some Australians are receiving phone calls from scammers […]
Electronic Signing of Documents by Company officials extended to 31 March 2021
Under existing Australian law electronic transactions legislation provides that where signatures are required, the requirement for an electronic signatures was that the signatory consented to signing the relevant document(s) electronically, and that there was a reliable method that identifies the signatory and indicates their intention. However, as the Corporations Act 2001 (Cth) is excluded from the operation of the electronic transactions legislation, there has naturally been a […]
Oils ain’t oils when it comes to home insurance
Covers that many of us take for granted under a home and contents policy have been taken out of some policies over the past decade or so and this has allowed the price of insurance to appear cheaper and can catch out insureds who purchase simply on price alone. As I have been arguing for decades, insurance is about protection, not price. Following the recent […]
Climate change report warns of the perfect storm for the economy and affordability of insurance.
I am set to read through the climate change report but the headline that continuing to ignore it has the potential to cost Australia $3 trillion is a wakeup call that we should not ignore. The question is – is this increased risk insurable at an affordable level? One of our team sent through photos of the hail that hit her home in Brisbane and […]