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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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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Lord Atkin Exhibition – Supreme Court of Queensland

Lord Atkin Exhibition – Supreme Court of Queensland

Lord Atkin, the Chief Justice of the House of Lords is famed for his decision in Donoghue v Stevenson [1932] UKHL 100, regarded by many as the most important case in the 800 years of the common law. Not many people are aware, including Steve Manning and I until we started our research for our book on the case and its impact on society and general […]

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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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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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When will we learn?

I watched in disbelief the television news of a fire in Russia where 64 people were killed. It is reported that some doors were locked or barred. Over the past few years, I have been researching fires in New York (The Green Triangle Shirt Factory, 1911), Chicago (the Iroquois Theater, 1903) and Singapore (Robinson Department Store, 1972) where similar circumstances led to legislation making it […]

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Interesting Blog Question on relying on a home policy for liability borne out of a contract.

I received the following question from one of the brokers I admire most when it comes to technical knowledge and commitment to the insurance industry and his clients. It is one of the few occasions I can recall taking a different view. Here is the issue: There is a clause that is an exclusion in a Householder’s policy Liability section, which I think is being […]

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Steps To Take Immediately Following A Loss

STEPS TO TAKE IMMEDIATELY FOLLOWING A LOSS Below is a small section of a Guide which assists you to prepare a business insurance claim. It explains a raft of issues such as GST, under insurance and much more. If you would like a free copy please email, vic@lmigroup.com  Report the claim to your insurance broker/adviser or if you do not have one, contact your insurance […]

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Latest book – The Great Fire of London – 1666 – The Birth of Modern Fire Insurance.

Following the wonderful reception that my book first photobook, Carter v Boehm celebrating the 250th anniversary of Utmost Good Faith received, I returned with Steve Manning’s assistance to my first love, that is, research and writing on insurance and have recently published a second book in the coffee table format/series. This time celebrating the 350th anniversary of the Great Fire of London and how this in […]

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Carter v Boehm: 250th Anniversary of Utmost Good Faith Photobook

I’ve certainly been pleased with the feedback I have received with the release of my latest book on the subject of Utmost Good Faith. Rather than a traditional text book, I’ve created a coffee table book which contains photographs taken during the conference held in Sumatra, Indonesia to celebrate the 250th Anniversary of Carter v Boehm [1766]. The decision by Lord Mansfield in this case created […]

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