Are some insurers setting small business up to fail?

Are some insurers setting small business up to fail?

I have seen some very ordinary insurance policies over the years that, in my opinion, offer inadequate protection to an insured. One of our Sydney team shared a wording with me that he is trying to assist an Insured on. Here is his accurate summary of the issues. =============================================================== First – GST included in sums insured – Hidden away on page 99 out of 108. […]

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A couple of examples of excellent Service – Chubb Insurance and Hoselink

A couple of examples of excellent Service – Chubb Insurance and Hoselink

Claims even happen to those like me in the industry and I have written on times when I had terrible service to the point I changed our business insurer. Over the weekend my home had some water entry. I was home at the time of the storm and having been woken by it went around the home and as soon as I saw the problem […]

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How could the NSW Government get it so wrong on the removal of the Emergency Services Levy (TAX)?

How could the NSW Government get it so wrong on the removal of the Emergency Services Levy (TAX)?

I read the article in insuranceNEWS in which it was reported that the NSW parliamentary Legal Affairs Committee, which held an inquiry to consider the impact of the abandoned reform, “found the NSW Government’s failed implementation of [the reform] was a poor public policy decision, undertaken without adequate understanding of the complexities of the issue or the impacts of the proposed reforms.” What beggars belief is that […]

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What will it take to change dangerous behaviour and it happened to us

What will it take to change dangerous behaviour and it happened to us

I was staggered at the number of people filmed driving through flooded roads during the storms this week in NSW. It not only puts the car at risk and the neighbouring property which is hit by the wake from the vehicle, but it puts the driver and passengers in danger and those that go to their rescue. Clearly there needs to be a three pronged […]

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Blog Question: Concessions Agreement

Blog Question: Concessions Agreement

I received the following question on the Concessions Agreement: Hi Allan, I note the ISR policy still has the “Concessions agreement” clause. Is this still relevant and how does it actually apply in terms of any claim? Regards David [surname and email provided] I replied as follows. The Concessions Agreement was from a different age. It really died, after many decades in the 1990’s. The […]

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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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Why I feel let down by Victorian WorkCover

Why I feel let down by Victorian WorkCover

The tragic events surrounding the crane dropping its load and killing a worker and seriously injuring another brings back the frustration I experienced when trying to deal with the builder constructing a high rise apartment block next to our Melbourne office. Having seen the results of tilt slab panels being dropped from cranes around Australia and even just falling over once erected I tried to […]

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Blog question – Possible time gap in coverage when changing insurers

Blog question – Possible time gap in coverage when changing insurers

One of the questions I received yesterday read: “I seem to recall a case where a customer switched insurers, neither insurer’s policy specified a start or expiry time, only a date.  A incident causing rise to a claim occurred on that specific date and both Insurer’s were passing responsibility to the other. What I can’t recall is the outcome, which insurer was ultimately responsible and […]

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Blog question – ISR Mark IV or Mark V, which is better?

Blog question – ISR Mark IV or Mark V, which is better?

I received this question which is not that easy to answer. On more than one occasion I have come up against a competing broker who states to clients that Mark V is better than the Mark IV therefore even if the Mark IV terms are more competitive the client has been so bamboozled they believe it. What is your view, is the Mark V better […]

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Thanks InsuranceNEWs and all those that wrote

Thanks InsuranceNEWs and all those that wrote

Just a quick post to thank Terry McMullan and the team from InsuranceNEWS for picking up on my blog post on Monday about the effect that the Australian Government’s decision to remove Insurance Loss Adjusting from the Skilled Migration Program will have on our industry. A number of people saw either the InsuranceNEWS article or my blog post and have written in expressing their concern. […]

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