Conveyancing Money Transfer System hacked

Conveyancing Money Transfer System hacked

I have received phone calls and emails from several law firms following the interception and illegal transfer of clients’ money (I understand there have been at least two incidences). Thieves have managed to hack into the software system PEXA (Property Exchange Australia), the nation’s new online property transfer system. The fraudsters had gained access via the conveyancer’s email account, and diverted the money into their […]

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Natural Perils – learn more about floods, hurricanes, sinkholes, and volcanoes with Disaster Week on SBS

Natural Perils – learn more about floods, hurricanes, sinkholes, and volcanoes with Disaster Week on SBS

Coinciding with the release of LMI’s ContinuityCoach.com Version 2.0 next month, SBS is kindly running a 4 part series of documentaries on Natural Perils. While Natural Perils are only 1 of 12 categories of risk that ContinuityCoach addresses, it is an important one with not all necessarily covered by insurance. Sinkholes: Deadly Drops’ Imagine if your backyard just disappeared one day – falling into a […]

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Addressing the lack of understanding about Compulsory Third Party (‘CTP’) insurance often referred to as Green Slip insurance

Addressing the lack of understanding about Compulsory Third Party (‘CTP’) insurance often referred to as Green Slip insurance

Steve Manning, an old friend Mike Quinlan and I are concerned at the many reports that have come out recently about the lack of understanding about CTP insurance. With this in mind, Mike is preparing a guest post and Steve is preparing a short video on the topic for his Insurance Bites YouTube Channel. I will let everyone know as soon as they are up […]

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Fined for using a mobile phone while in charge of a motorised lawn mower

Fined for using a mobile phone while in charge of a motorised lawn mower

As regular readers will know I am a very strong advocate against the use of mobile phones, particularly texting while driving. I support the introduction of exclusions in motor vehicle policies as a deterrent against this extremely dangerous practice. I therefore read with interest that police in the UK pulled over a council employee who was, I gather, driving the motorised industrial ride on lawn […]

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This is one piece of legislation that I would love to see come to Australia

This is one piece of legislation that I would love to see come to Australia

The UK Government is calling for a change in the legislation to make directors personally liable with fines of up to £500,000 for nuisance calls. The UK already have legislation that allows fines to be imposed, but directors are avoiding the fines by winding up the companies, declaring them bankrupt only to open up again the next day. This legislation would close this loop hole. I […]

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Lessons from the Tyre Industry for the General Insurance Industry

Lessons from the Tyre Industry for the General Insurance Industry

I recall quite plainly when the then NZI Insurance started advertising insurance on buses, my then state manager, Mr Russel Hay of the General Accident Insurance could not believe that any insurer would discredit the industry by advertising on the side of a bus. As a young man I did not see anything wrong with this but Mr Hay thought that this degraded the great […]

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Product Recalls Australia – 5th June 2018

Product Recalls Australia – 5th June 2018

This week’s product recalls includes the following: Danish by Design Pty Ltd — Troll Lukas Cot Read more Panasonic Australia Pty Ltd — Panasonic Toughbook Laptop Read more FCA Australia Pty Ltd — MY 2016 – 2018 Alfa Romeo Giulietta Read more Instinct Property Maintenance Pty Ltd — IBF400 Ethanol Burner Read more Toyota Motor Corporation Australia Limited — Lexus NX200t, NX300h, RX200t, RX350 & […]

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A quick reminder on cyber security

A quick reminder on cyber security

On the one hand as LMI builds our brand in the UK,  I am being inundated by emails regarding the UK Legislation aimed at giving consumers more control over their personal data (General Data Protection Regulation (GDPR)) and at the same time I am getting hit daily with emails pro-porting to be from legitimate companies such as Microsoft asking for me to change or confirm my password. This […]

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Product Recalls Australia – 23 May 2018

Product Recalls Australia – 23 May 2018

This week’s product recalls includes the following: Mercedes-Benz Australia/Pacific Pty Ltd — MY 2017 Mercedes-Benz AMG “GTR”, “GTC” and “GTS” Passenger Cars Read more Coles Supermarkets Australia Pty Ltd — Coles Mini Classics Vanilla Ice Cream Read more Suzuki Australia — Suzuki SX4 Read more Suzuki Australia — Suzuki Kizashi Read more Suzuki Auto Co — Suzuki Kizashi Read more Suzuki Auto Co — Suzuki […]

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Guest Post: Steven Manning – Another New General Insurance Product Class introduced on LMI RiskCoach

Guest Post: Steven Manning – Another New General Insurance Product Class introduced on LMI RiskCoach

Only a week after the launch of Corporate travel the team are back at it again, be it in the background for months, on the launch of yet another class of insurance, Product Recall and Product Contamination insurance. With the addition of these new classes onto the system, users can now research 14 classes of General Insurance through their LMI RiskCoach Subscriptions. The reasoning behind […]

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