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 […]

Read Me

Blog Question: Can I have your thoughts on the AirBNB guarantee

Blog Question: Can I have your thoughts on the AirBNB guarantee

Good day Allan, Thanks so much for looking into his for me. https://www.airbnb.co.nz/terms/host_guarantee See attached and the link above for more information. I am interested in finding out more about the annual aggregate on the liability ‘policy’ also. Apparently this is $10,000,000 and once this is used up there is no money in the pot for further claims from airBnB hosts.   Thanks, Kate [surname […]

Read Me

A blog question on public liability leads to 3 issues around leases.

A blog question on public liability leads to 3 issues around leases.

A broker contacted me following a concerned client of hers who had been joined in an action where someone had fallen over a step in a commercial body corporate complex. The broker was not aware of the client owning a commercial strata in the complex. The Strata insurer was prepared to defend the body corporate but not the individual unit holder. When I was approached […]

Read Me

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 […]

Read Me

Take care on reducing coverages

As the team at PolicyComparison.com go through new policies and update, they bring to my attention any changes that gives them concern. What is being noticed is, at the same time rates are increasing in many classes of general insurance,  some new and/or broader in their effect exclusions are being introduced and that these could easily be missed. One such change has been the introduction […]

Read Me

Blog Question: Territorial Limits under a Combined General Liability (CGL) policy

I received this question overnight. ——————————————- Hi Allan I follow you on LinkedIn and find your articles very informative and whilst I’ve never had to ask you a specific question I’m hoping you may be able to shed some light on the following. I have a client who imports Underground Conveyor Chain Equipment used in Underground Coal Mines from the USA and my concern is […]

Read Me

Well done Chubb and Lockton on no longer selling Carry Guard (gun) insurance

I would like to add my support for the decision taken by insurer Chubb Insurance and insurance broker Lockton to no longer support the National Rifle Association (NRA’S) Carry Guard insurance program in the United States which did provide liability coverage for NRA members who use their fire arms in self defence. This will leave a gap in coverage as most of the home policies I […]

Read Me

Product Safety Australia – Recalls 17 January 2018

This week’s product recalls includes the following: Jetpilot Australia Pty Ltd — The Cause Kids Neo Vest Personal Flotation Device (PFD) Read more Honda Motor Co. Ltd — GL1800 Goldwing Motor Cycle Read more Le Rose Nominees Pty Ltd — Fruit Mince Tarts Read more Tassal Operations Pty Ltd — Tasmanian Smokehouse Australia Sliced Smoked Salmon Read more Murray River Organics Pty Ltd — Coconut […]

Read Me

Product Recalls Australia – 31 October 2017

This week’s product recalls includes the following: Volvo Group Australia — Metroliner, Trident, Titan, Granite and Superliner Mack Trucks 27 OCT 2017 Volvo Group Australia — Metroliner, Granite, Trident, Titan and Superliner Mack Trucks 26 OCT 2017 Jayco Corporation Pty Ltd — Jayco Freedom Campervan TH.15 26 OCT 2017 Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz “E” Class Passenger Cars 25 OCT 2017 Target Australia Pty […]

Read Me

Product Recalls Australia – 26 September 2017

This week’s product recalls includes the following: Knog Pty Ltd — Knog Frog Strobe Bicycle Light Read more Mazda Australia Pty Ltd — Mazda BT-50 Read more Cyclingdeal — Road Mountain Bike Bicycle Cycling Adult Helmet Read more Lenoxx Electronics Aust Pty Ltd — Electric Blanket Read more

Read Me