Blog Question: Contribution between insurers

Blog Question: Contribution between insurers

Hello Allan, I have a claim where the Insured has two policies. One insurer [Insurer X] is deducting the gross settlement from other insurer [Insurer Y] from their settlement so the client is in effect worse off by taking out a second policy. Fundamentally, I cannot agree with an insurers approach and feel that despite our insured purchasing additional cover through a second insurer to […]

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Discussing Risk Management with the Victorian Waste Management Association

Discussing Risk Management with the Victorian Waste Management Association

I was invited to speak on the thorny topic of availability of general insurance or lack thereof to the Victorian Waste Management Association. The invitation was made through the Associations long term broker RSM Group. The Association is clearly not sitting still on this and invited a number of speakers from the Fire Services, CSIRO, Environmental Protection Authority among others to assist them in understanding […]

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Even the Government doesn’t fully understand insurance

Even the Government doesn’t fully understand insurance

On the business.gov.au website under a section looking at Market Stall‘s, they describe public liability insurance as the following: “Public liability insurance protects you against claims for property damage and bodily injury such as a product you’ve sold negligently causing a fire.” [Source: business.gov.au] As anyone in the insurance industry knows, this is not public liability but product liability. Thank you Kay Jackson from Simplex […]

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Helping get the message out…

Helping get the message out…

I have recently been assisting in getting the message out about often misunderstood and confusing insurance topics. Here are a couple of recent articles I have made comment on for the author: How to save money on roadside assistance and avoid being ripped off The funeral insurance rip-off hurting Australia‚Äôs most vulnerable  

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Lord Atkin – From Queensland to the House of Lords Exhibition

Lord Atkin – From Queensland to the House of Lords Exhibition

I finally got the opportunity to visit the exhibition on Lord Atkin – from Queensland to the House of Lords. While everyone who has studied law or legal studies knows of his famous decision in Donoghue v Stevenson [1932] (The snail in the Ale case, I have written a photobook on this all important case here), few people appreciate Lord Atkin was born in Brisbane. […]

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Books glorious books – LMI Library continues to grow

Books glorious books – LMI Library continues to grow

The LMI Library continues to grow through 3 methods. Purchases we make when we see a newly published book on an insurance or risk management topic; Books that I or the team at LMI publish; and The very generous donations by those in the insurance industry who are looking for a good home for their own collection/library. Over the past week we received two wonderful […]

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Addressing the lack of understanding about Compulsory Third Party (‘CTP’) insurance often referred to as Green Slip insurance

Addressing the lack of understanding about Compulsory Third Party (‘CTP’) insurance often referred to as Green Slip insurance

Steve Manning, an old friend Mike Quinlan and I are concerned at the many reports that have come out recently about the lack of understanding about CTP insurance. With this in mind, Mike is preparing a guest post and Steve is preparing a short video on the topic for his Insurance Bites YouTube Channel. I will let everyone know as soon as they are up […]

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Guest Post – What does home insurance cover?

Guest Post – What does home insurance cover?

I often get requests from people and organisations seeking to make a guest post on my site. Unless it is meaningful and is not a straight product flog I will certainly share and embrace their articles. (You would be staggered how many requests I get from gambling sites). This guest post is from Alex at Lendi.com.au. What does home insurance cover?   The Wye River […]

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RIMS 2018

Four of us from LMI Group have traveled to San Antonio in the US for the 68th annual RIMS (Risk Management Society) Conference. Several of us have been going for a number of years to stay up to date with our learnings and to gather ideas on ways we can provide a better service to our customers. While I have been privileged to present at […]

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Blog question – Additional Increase in Cost of Working under an ISR

I received this question which I felt was worth sharing. Allan, I have for many years referred to your most excellent publication for guidance relative to BI [Business Interruption] insurance. The guide makes reference to the Industry Mark IV wording and it is in respect of the Mark IV wording that I have an enquiry, where I could not locate any reference to my particular […]

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