I have been concerned for some time at what appears to be an increasing number of travel claims that have come to me where there was no cover in place, or the cover did not operate as it should. To assist brokers, LMI included Corporate Travel as one of the areas of risk to consider in the RiskCoach and ContinuityCoach products, while we added Corporate […]
In a new law passed in New Zealand, customs officers have now been given the power to demand that travelers unlock their digital devices if suspected of criminal activity, or risk a NZ$5000 (AU$4580) fine. Previously, while they could confiscate the items they could not force the individual to unlock it. New Zealand Customs Minister, Kris Faafoi has been quoted as saying “Organised criminal activity is […]
Like many readers, I was upset to hear about the death of Abby Hartley, a mother aged 41, who fell seriously ill and contracted septicemia while enjoying a second honeymoon in Bali. She was placed in an induced coma on August 15 and sadly died on Sunday (September 09) surrounded by her husband and two children. Her family sought help from her travel insurer who denied the […]
Over the last few weeks, I’ve heard advertisement after advertisement about price in guarantee whereby you pay a small fee, in exchange for a payment of the difference between the price you paid for a fare and a discounted fare should the price go down. To me, this is a form of insurance and if it is not insurance, it is gambling. Either way, it […]
The Australian Financial Complaints Limited (AFCL) has received authorisation from the Minister for Revenue and Financial Services, the Hon. Kelly O’Dwyer, to establish and operate the Australian Financial Complaints Authority (AFCA). Both the Minister (media release) and AFCL have issued a media release, and announced the new members of the AFCA Board. In case you have not seen either, I would advise the following key points. Under […]
Over the past 6 months or so, the team at LMI and I have been working on 5 levels of travel insurance for a new player in the Australian Market, TravelCard Real Time Travel Insurance. I was drawn to the company as they have such a great humanitarian approach to claims, particularly in the event of illness or injury while travelling overseas. Today I am […]
As I posted yesterday, I have been over in the United States over the past month and during that period I had to hire a car twice. The first time they asked if I wanted to buy down the deductible and I said no, I have travel insurance for this. As part of our corporate travel cover we have A$5,000 which is more than enough […]
Following my article yesterday about the increase in security at the airport due to terrorism, I can see that others are thinking the same way as per the article shared with me here.