Recently I was at a conference and at the final dinner was sitting next to a young lady who relayed an event in her life where she paid a huge price for thinking she could save some money by not insuring her car while she was enjoying a overseas holiday. Her logic was the car would be parked off the street in her family’s driveway […]
Autumn is upon us – time to check the gutters
With Autumn now upon us, it is an important time to check and clean out your gutters and downpipes to avoid the chance of water entering your home or business. In a recent check I was staggered to find a plant had been growing in the rain head in one of our downpipes. I also found that leaf guards that we had fitted to keep […]
Burst flexi hoses are a major cause of losses in homes and residential strata.
Yesterday, I posted an article on lithium batteries in e-scooters which is an area of interest in our risk management division. Today I turn my attention to losses resulting from burst flexi pipes. The reason for this is that the frequency and severity of the losses from burst flexi pipes is increasing, particularly in residential strata but also in free standing homes. Steve Manning prepared […]
A costly oversight – make sure your insurance is current
I received one of those calls yesterday at around 4.50pm that make you ill in the stomach. Obviously 100 times worse for the owner of the home. What occurred a stolen car was driven into the home before the thief, who lost control of the car, ran off on foot before anyone could stop him. The only good news was that the husband who is […]
Question on Co-Insurance after a total loss
I received the following question from a broker earlier this week. It is a question that I am asked from time to time so I thought I would share my answer with you. Hello Allan, Hope this message finds you well. A quick question if you don’t mind, please. Under an industry ISR Mark IV wording, would the co-insurance/average clause apply in the event of […]
Reflecting on a claim
Last Thursday, I posted an article on the nightclub fire in Switzerland. Then on Friday, I posted a couple of thoughts triggered by that fire. Watching the video of people filming the fire starting sent shivers through me thinking that many of them most likely perished in that fire. It also brought back a liability claim that I investigated more than 10 years ago which […]
A couple of thoughts triggered by yesterday’s post on the Swiss Nightclub fire.
As I was researching the tragic fire at the Le Constellation Nightclub in Switzerland, I kept asking myself: have we not learned anything from history? In Lessons Learned Chicago, Dr Susan and I researched the horrific loss of life in the Iroquois Theatre Fire (1903). In this over packed theatre, it is estimated that 575 people were killed on the day of the fire, while […]
Live safely in public places, do not be a follower take the lead – lessons from the Switzerland fire.
The underlying message of this important post is to never assume you are safe in crowded places, Always, know, in advance, at least one alternative emergency exit door and / or pathway to safety and take/lead others. The horrific fire in Switzerland at the “Le Constellation” nightclub where 41 young people lost their lives, some while filming the fire and the equally tragic shootings in […]
Great to see the government is cracking down on dodgy claims operators
I read with interest in InsuranceNEWS.com.au that the government is cracking down on dodgy claims operators, with the article singling out credit hire and accident management companies. I have posted about their practices in the past for years now and have helped quite a few people who have been targeted by such firms including one of our staff here at LMI Group. Hopefully this is […]
LMI turns 27 today
In a fast-paced world, it’s vital to pause and celebrate the milestones that define us. Today, LMI Group marks its 27th anniversary, tracing our journey back to February 25, 1999. My deepest thanks go to the entire LMI team. Your dedication to supporting our clients and your tireless work in building the trusted brand we are today have made this achievement possible. I also thank […]