In Victoria and perhaps elsewhere councils are working on updating their maps in respect of flood and in some cases erosion. This I feel is a good thing as it allows home and business owners, property developers, tenants and other stakeholders including insurers to check the risk from these perils before they commit to purchase or lease. In the case of the Yarra Ranges Council, […]
OCTOBER 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards. Take a look at what’s new below! Quick overview NEW INSURER / POLICY WORDINGS POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES Caravan Commercial Motor Commercial Packs Contract Works Corporate Travel Crop Policies Cyber Directors and Officers, Professional Indemnity and Management Liability Engineering Home Insurance […]
ISR question on whether the test for Co-Insurance is done against the Limit of Liability.
Good morning Allan Thank you for your time just now. The insurer is saying we need to increase our Limit of Liability or co-insurance may apply. Which from reading their wording we do not believe the Limit of Liability is a factor. Their solution, they want us to split the risk into 2 locations and revise our Limit of Liability. Could you please review and […]
Should an insurer refund the unused portion of my insurance if my vehicle is written off and I am paid out in full?
The above question was asked of me by an insured who had only renewed their motor vehicle insurance policy 2 weeks before their car was severely damaged while parked. The insurer agreed to write off the vehicle and offered a payment that the Insured feels is fair and reasonable. It was annoying to the insured that they had only paid their insurance 2 weeks before […]
Northern Territory Insurance Awards: Congratulations to All the Winners!
I and the team from LMI extend our sincere congratulations to all the winners of the Northern Territory Insurance Awards! A special congratulations and well done to the Young Insurance Professionals organising committee for putting together a truly great conference and awards night. The event was a testament to your hard work and provides an invaluable platform for networking, learning, and recognition in the Territory. […]
The Australian Signals Directorate’s Australian Cyber Security Centre’s Threat Report now available.
The Australian Signals Directorate’s Australian Cyber Security Centre’s (ASD’s ACSC’s) Annual Cyber Threat Report (ACTR) 2024–25 is now available. The Directorate encourage you to read the report to stay up to date with the latest cyber threats, find out how we are responding, and learn how you can improve your cyber security. The report states that the average Australian household has over a […]
Business Interruption Master Class starts 15 October
I have had a great deal of requests to run another 4 part Business Interruption Master Class. This is one of my favourite subjects and an area of general insurance that is so very important. As such we will be running a weekly 1.5 hour session on-line each Wednesday for four weeks starting from 15th October at 1pm. The course is suitable for those new […]