Reducing the risk following the fire in my home

Reducing the risk following the fire in my home

The fire in my home on Christmas night 2018 was a giant wake up call to me and I thought that I would share some risk management treatments I have been implementing personally. I have, no doubt due to my profession, been risk averse and I was already in the process of upgrading my gutter and roof system at home in view of what I […]

Read Me

Lessons learned by a fire in my home Christmas 2018

Lessons learned by a fire in my home Christmas 2018

A Christmas to remember. After helping people through home and business fires for nearly 48 years, ‘it did happen to me’, at around 10:30pm Christmas night. After only about 1 1/2 hours sleep that night I posted a quick note on Facebook with a few photos. The response I received was a complete surprise. There were a few common themes. The first which was only […]

Read Me

Conference Reminder: Risk and the Business Insurance in History

Conference Reminder: Risk and the Business Insurance in History

With this year rushing to an end so quickly, I thought that I would remind everyone of the great conference being held next year in Seville, Spain from the 11th to the 14th June, 2019 on the History of Insurance as a Business. The conference has been many years in the making and experts from around the world will be presenting on the topic. The […]

Read Me

Time to recharge

Time to recharge

I am off on extended leave today and I cannot recall a time in my career where I have never felt in need of a break more than today. There has just been so many disappointments of late where I have taken claims into very senior personnel where clearly the decision to deny is, in my opinion not fair, reasonable, nor sustainable and to avoid […]

Read Me

Blog Question: Contribution between insurers

Blog Question: Contribution between insurers

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 […]

Read Me

A very nice helmet to add to the collection

A very nice helmet to add to the collection

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 […]

Read Me

2 milestones reached today

2 milestones reached today

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 […]

Read Me

Business Continuity Awareness Week 14 – 18 May

Business Continuity Awareness Week 14 – 18 May

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 […]

Read Me

Baby Wipes: not so flushable!

Back on 25 July last year I posted an article about sewers being blocked as a result of baby wipes being flushed down the toilet. I would like to think someone of authority reads my blogs and actions results, in any event I read with interest that the maker of White King “flushable” wet wipes, Pental Limited (“Pental”), has been fined $700,000 for making false and misleading […]

Read Me

Business Interruption Issues Series – Part 4 – Time Excesses – Part C

  This is the third post in this series on time excesses and the fourth on common business interruption issues that started on Monday 10th April 2017.   I continue the examination of time excesses using another case study. Case Study 3: The Policy will not Cover Losses within the First 48 Hours The third case involves a wording that states the policy will not cover […]

Read Me