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 […]
Anti burst flexi hoses
With burst flexi hoses being such an issue, particularly in strata and home situations, Steve Manning and I have been researching ways to reduce the risk of damage. We have tested a number of shut of valves but over the weekend while in at Trade Link Plumbing Supplies I struck up a conversation with the store manager and she introduced me to a new range […]
Novemebr 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards. Take a look at what’s new below! Quick overview NEW INSURER / POLICY WORDINGS POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES Caravan/TrailerAlteration to Related Benefits – Youi Pty LtdAlteration to various Basis of Settlement – Youi Pty LtdAlteration to various Exclusions – Youi Pty […]
OCTOBER 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards. Take a look at what’s new below! Quick overview NEW INSURER / POLICY WORDINGS POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES Caravan Commercial Motor Commercial Packs Contract Works Corporate Travel Crop Policies Cyber Directors and Officers, Professional Indemnity and Management Liability Engineering Home Insurance […]
Looking for a solution to the mould problem
We at LMI have been working with Endangered Heritage to reduce the cost of mould claims to the general insurance industry and equally important to reduce the risk of occupational health and safety issues that can and do arise. Endangered Heritage is currently running a survey on the subject. It only takes 2 minutes. It will not lead to any marketing campaign or you being […]
Does a Strata Policy provide coverage following a terrorism event?
In my most recent post, I explained that commercial strata follows the same rules as commercial property and business interruption as it is regarded as ‘”‘eligible property’. In summary, if the Minister for Finance declared an event a Terrorism Event, then any terrorism exclusion that appears in the policy of insurance of an eligible property is void. Claims will be met in accordance with the […]
More on the risk posed by Lithium Batteries
Last week I posted an article on the risk posed by lithium batteries following a number of claims which LMI Claims have recently been appointed to. One of our claims experts Georg Froeschl wrote to say: Hi Allan, I spoke to a building consultant I use here in Canberra (and have done so for nearly 20 years) about this issue. An electric vehicle battery will […]
Insurers criticized for seeking recovery from tenant after kitchen fire – is this reasonable?
Earlier this month the ABC ran an article advising that insurers had agreed not to seek recovery from tenants following an “accidental” fire which caused damage to the landlord’s insured property. See here. In one of the examples, it shows a kitchen fire where whatever was on the stove caught fire. Typically this is due to someone walking away from the stove and oil overheating […]
Florida Apartment Block Collapse – Will the property insurance avoid liability?
It appears in the case of the Florida apartment block collapse that the equivalent of the body corporate management had received a report in 2019 that identified serious problems with the structural integrity of the building. It would appear that this had not been acted upon fast enough with tragic consequences. The question that arises in my mind was whether the report was shared with […]
Government help for non-conforming cladding but at what cost
It has been reported today in The Age that the bill to fix hundreds of private buildings around Victoria covered in highly flammable cladding will be in part picked up by the State Government , as announced by Premier Daniel Andrews. The cost to rectify the problem is expected to initially run to $600 million. What the end cost will be is anybody’s guess. While […]