Questions about the origin of the Mark IV ISR

Questions about the origin of the Mark IV ISR

At the request of a long standing friend, Keith Till, then of Zurich Insurance Australia Limited, I wrote what became a 3 volume set of books on the Australian Industrial Special Risks (‘ISR’) Policy. I worked out it took about 1,600 hours of research to write the books drawing on a great many sources including but not limited to David Goodlad’s original drafting manuals and […]

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Blog question on goods in physical and legal control

Blog question on goods in physical and legal control

I received this question this morning. Good morning Allan, I hope you can assist. Having trouble deciphering the Property in your Care custody and Control wording in the [insurer name withheld] Trade Wording I have attached the Liability section and the property in control wording. Our client are concreters and will be hiring some lighting equipment valued at $14,000 as they will be working at […]

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Please visit the LMI team and I at the 2019 Northern Territory Insurance Conference

Please visit the LMI team and I at the 2019 Northern Territory Insurance Conference

One of the highlights for Steve and I is attending and presenting at the Northern Territory Insurance Conference each year. From its very start 7 years ago the Territory Insurance Conference has been very well attended and it is testament to the organisers, the Young Insurance Professionals (YIPs) that so many organisations have come on board to sponsor the event and I join with the […]

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Introducing LMI RiskCoach 2.0

Introducing LMI RiskCoach 2.0

LMI are extremely pleased to be celebrating 10 years of RiskCoach, in this our 20th year of operation. It is interesting to reflect how this very popular service for brokers and underwriters came into existence. After taking a year to research and write the Understanding the ISR 3 volume book series I worked on developing a service, PolicyCoach, to allow brokers to build a quality […]

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Blog Question – Advanced Loss of Profits

Blog Question – Advanced Loss of Profits

I received a question from a reader seeking some information around Advanced Loss of Profits cover for a construction project, I share my answer to the reader below with you all too. Advance loss of profit (“ALOP”) insurance provides coverage for financial losses due to delays in construction and infrastructure projects caused by an insured peril(s). ALOP also called delayed completion coverage or delay in […]

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75th Anniversary of the D-Day landings

75th Anniversary of the D-Day landings

A non insurance topic as today is the 75th Anniversary of the D-Day landings. In 2017 I had the privilege of visiting the Normandy beaches with my son, Steven and it was such as moving experience that we ended up writing a book together about our trip. One of the many misconceptions we remedied while we were there was that ‘very few’ Australians were involved […]

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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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