Back to basics – is lightning covered under the peril of storm and tempest?

Back to basics – is lightning covered under the peril of storm and tempest?

I post this article in response to a question put to me by an insurance broker whose client was hit with a higher deductible that applies to storm and tempest for a claim arising from a lightning strike. Well maybe, maybe not. Let us turn to a review of the history of fire and perils insurance coverage for the answer. On the one hand, I […]

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Bonded Stores / Warehouses

Bonded Stores / Warehouses

A bonded store, or bonded warehouse, is a building or other security area in which goods that are subject to a duty or levy, such as an import duty, excise tax or the like, can be stored, manipulated, manufactured or assembled without the payment of a duty. Depending on the jurisdiction, it may be managed by the state or by private enterprise. When it comes […]

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7th Asia Insurance Brokers’ Summit

7th Asia Insurance Brokers’ Summit

I am pleased to be speaking next week at the 7th Asia Insurance Broker’s Summit alongside some of the most dedicate insurance broking professionals in Australasia. The conference is being held in Jakarta, Indonesia on the 5-6th March. I share the conference agenda/brochure below for anyone who may be interested: It is close but it not too late to get along, register: http://www.asiainsurancereview.com/Events/Register/Asia/airbrokers2019

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Methylamphetamine use drives more illegal Meth labs

Methylamphetamine use drives more illegal Meth labs

Earlier this week, the Australian Criminal Intelligence Commission released the sixth report of the National Wastewater Drug Monitoring Program providing longer-term insights into drug consumption as the program concludes its second year. Using wastewater data between August 2017 to August 2018, it is estimated that more than 9.6 tonnes of methylamphetamine is consumed in Australia each year, as well as more than 4 tonnes of […]

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LMI’s 20 years of service – what has it meant to you?

LMI’s 20 years of service – what has it meant to you?

This coming Monday, we celebrate 20 years of service to the insurance and wider communities. I would ask that if you have or are using one of our services, have benefited from one of our innovations that you share you your thoughts, experience etc as to what this has meant for you. While I will share any good news with the team as we gather […]

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Blog Question on Non-conforming cladding

Blog Question on Non-conforming cladding

I received the following question from an old friend who I first met while handling a complex claim for his company in 1984. I rang yesterday looking for advice or some information from LMI on the building cladding issue and if the commercial insurance underwriting industry are already or are considering paying claims out for “damage or loss” to the buildings. I wonder if its […]

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Back at the desk

Back at the desk

I have been a bit quiet on the posting front over the past month as I have been travelling in North America for both business and having a much needed break. During the trip Steve Manning and I had several meetings with potential clients for our on line products, met with old colleagues who are interested in representing LMI in North America and attending a […]

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2018 NORTHERN TERRITORY INSURANCE CONFERENCE AWARDS

2018 NORTHERN TERRITORY INSURANCE CONFERENCE AWARDS

Voting has now opened for the finalists of the 2018 Northern Territory Insurance Awards, cast your vote here. I support the Territory Insurance Conference each year for both its education and recognition of the excellence in the insurance industry. Good luck to all nominees.

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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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ANNOUNCING – Lessons Learned: Chicago

ANNOUNCING – Lessons Learned: Chicago

Today, I consider to be a great day, for it is when I completed the final proof read of my latest book. This one is different as for the first time I co-authored with my daughter, Susan. The book looks at 6 major events over Chicago’s history. These are: The Great Chicago Fire The Haymarket Riots The Iroquois Theatre Fire SS Eastland Tylenol Murders The […]

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