Back in January of this year, the Bureau of Meteorology published a very interesting article on how a bush or forest fire can create its own weather. I see that the ABC News has picked up the story and I agree it is worth sharing and understanding. Here is a link to the original article.
For the past month I have been working over in the United States as LMI launches products such as our Business Income (BI) calculator into this market. While there, hurricanes hit in Texas and Florida and it was heartbreaking to me to read that people were not fully insured for such events which are not a case of: ‘if it happens’, but rather: ‘when it […]
There has been a good deal of news regarding the effect of Cyclone Debbie on the supply of coal to the world. We at LMI have been keeping a close eye on this and assisting many mining clients to calculate their business interruption losses as a result of the damage. What many readers do not know, is that LMI have a specialist mining division that […]
It amazes me how many times people have spoken of Act of God being both an insured or excluded peril under an insurance policy. There was even a famous Billy Connolly with this as its theme. My nephew, Jeffery, one of the guys sending me a joke questioned me on it and I thought it was worth setting the record straight. Despite having read thousands […]
Over the past week I have had two similar questions on how to name the landlord on a policy of insurance where the tenant is required under the lease to arrange the insurance. Before I answer this particular question, I would like to share my views on the approach by landlords to not just have the tenant pay for the building insurance but arrange it. […]
I received this question and as I have had a few on this subject before I thought it time to post an article on the topic. The question was: Good Afternoon Allan Just wondering if you can clarify the following: I currently have a builder insured on a Contract Works policy. Due to the client wanting extra cover (Contract Works) and also due to the increase […]
Earlier this week I explained in a detailed post the coverage afforded by home and contents policies when it comes to the action of the sea, erosion etc. It is rarely covered and this has been the way since home insurance was first introduced into this country. This week the major focus of the media has been to concentrate on the handful of houses right beside […]
Watching the news yesterday evening and seeing the devastating damage to ocean front properties brought to my mind the typical exclusions under a home and contents policy for perils such as, actions of the sea, high water, flood and erosion, subsidence, landslip & earth movement. I therefore ran a comparison on PolicyComparison.com for these exclusions under the “Search by Product Feature” function on these possible exclusions. The […]