Hurricane Florence

Hurricane Florence

A lot of world’s insurance premium pricing is based on the US Hurricane Season so it is not a good start when such a significant hurricane arrives so early in the season. While our thoughts and prayers are with all of the people in the path of Hurricane Florence, I hope for everyone’s sake that it is not as severe as predicted and damage is […]

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Profiting at other people’s expense

The Courier Mail reported on builders massively overcharging victims of Cyclone Debbie and the floods that followed further south. Click here for the article. This sadly occurs after every natural disaster to some extent and while some as the Insurance Council of Australia state is due to demand surge, some clearly is a giant rip off. Every trained loss adjuster and claims preparer will be carefully […]

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LMI Mining attending claims due to Cyclone Debbie

There has been a good deal of news regarding the effect of Cyclone Debbie on the supply of coal to the world. We at LMI have been keeping a close eye on this and assisting many mining clients to calculate their business interruption losses as a result of the damage. What many readers do not know, is that LMI have a specialist mining division that […]

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Recap of week one.

LMI activated its Emergency Response plan on Thursday 30 March starting first in Mackay, Proserpine, Bowen and surrounds and as we were able to gain access, extended this into the Whitsundays. Other teams looked after claims in South East Queensland, Murwillumbah and Lismore. Within this first 10 days, we have arranged for progress payments for close to $40 millions to be made to assist business recovery. This […]

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Actions of the sea – Cyclone Debbie continues her path of destruction

I have posted recently about the issue of actions of the sea, high water, flood and erosions, and with Ex-cyclone Debbie now finishing her path, leaving a trail of destruction in her wake we readdress this issue. We look at the damage that has occurred and again we face a similar issue to that in Australia, in New Zealand now, where a home has their […]

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Steps To Take Immediately Following A Loss

STEPS TO TAKE IMMEDIATELY FOLLOWING A LOSS Below is a small section of a Guide which assists you to prepare a business insurance claim. It explains a raft of issues such as GST, under insurance and much more. If you would like a free copy please email, vic@lmigroup.com  Report the claim to your insurance broker/adviser or if you do not have one, contact your insurance […]

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Blog question – Embargos

Over the past 24 hours, I have had a number of questions regarding Embargo’s on insurance policies. My son, Steven, recently posted a YouTube video explaining Embargos and I would refer those interested to this. Which can be viewed here: https://www.youtube.com/watch?v=HL5G6ICAnfw

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LMI activate our Emergency Response Plan

With Cyclone Debbie soon to cross the Queensland Coast, LMI have activated our Emergency Response Plan designed to provide the highest level of service to our National Account Clients, brokers and insurers whose clients have been or will be effected by the cyclone. Claims Experts in the LMI team have attended all cyclone claims in Queensland since the late 1960’s including Ada, Althea, the big […]

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