Hello Allan, I have a claim where the Insured has two policies. One insurer [Insurer X] is deducting the gross settlement from other insurer [Insurer Y] from their settlement so the client is in effect worse off by taking out a second policy. Fundamentally, I cannot agree with an insurers approach and feel that despite our insured purchasing additional cover through a second insurer to […]
Since an early part of my career I have been a collector of insurance and fire brigade memorabilia. When it comes to fire brigade helmets, the collection started when I handled a claim as a claims preparer for the owner of Mitchell’s Adventure in Sydney. At the end of the claim, obviously pleased with my efforts, he insisted I accept a personal gift of a […]
Today marks the 1,100 article posted to this site. As with all the services that the LMI team and I have developed, it is designed to educate in risk management and insurance, be a sales tool to insurance brokers, and protect the professional indemnity program of advisers. We were recently told that we had done far more to assist brokers in these areas than any […]
As part of my doctoral research into how small and medium enterprises can, with the assistance of the insurance industry, better manage a crisis, I came to appreciate the benefits of business continuity plans. They not only are of great benefit at the time of a critical event, in that they allow an organisation to manage the crisis better and therefore recover quicker, they also have a […]
I worked with my son Steve on developing a video spoof of Time Magazine’s Person of the Year but with an underlying serious message. I hope you get a laugh out of it and join the campaign.