Blog Question on Non-conforming cladding

Blog Question on Non-conforming cladding

I received the following question from an old friend who I first met while handling a complex claim for his company in 1984. I rang yesterday looking for advice or some information from LMI on the building cladding issue and if the commercial insurance underwriting industry are already or are considering paying claims out for “damage or loss” to the buildings. I wonder if its […]

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Even before we get a chance to stuff up, we are being criticised by the media and politicians. Let’s get real.

Even before we get a chance to stuff up, we are being criticised by the media and politicians. Let’s get real.

I thought, with the long overdue departure of Karl Stefanovic, who so unfairly attacked the industry after the Brisbane floods that I stopped watching the Today Show, that we would be getting more balanced reporting by the media. However, no doubt picking up on the Deputy Premier’s call for banks and insurers to “lift their socks” and show compassion to North Queenslanders’ affected by the […]

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Corollary to the earlier post on denied claim

Corollary to the earlier post on denied claim

Further to my post earlier this week about the Corporate Travel insurance claim that was not honoured, I learned from the broker following my post that he has cancelled all the policies he had with that travel insurer including a scheme for a professional body. As the claim was in fact insured by two policies, the amount that this insurer would have had to contribute […]

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The grim list of fires in recyling

The grim list of fires in recyling

A long standing friend and supporter of this blog, Adam Matteson of Vero has compiled a list of the fires that have involved the Recycling Industry in 2018. We at LMI have been commissioned to assist Insured’s on a number of these fires, have conducted many risk management audits and I have addressed the Victorian Waste Management Association – but even with all this first […]

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Revisiting one claim in the light of the Royal Commission

Revisiting one claim in the light of the Royal Commission

Back in September I wrote explaining how I felt that an insured had been let down by his Corporate Travel insurer despite our best efforts. At the end of this post I have a link to the circumstances. When I read through the Royal Commission findings I noted Recommendation 4.7 – ‘Application of unfair contract terms provisions to insurance contracts’ in particular. This addresses a […]

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The risk that irresponsible drone users pose on the rest of us

The risk that irresponsible drone users pose on the rest of us

Over the busy holiday period we saw that tens of thousands of people were inconvenienced and no doubt airlines and the airport lost significant sums of money (the cynic in me suggests that big business losing money is more important to government than an inconvenienced public) all due to some yet to be identified individuals flying a drone over or near the airport. It is […]

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Privacy International investigation finds a huge number of Android apps share data with Facebook — whether you have an account or not

Privacy International investigation finds a huge number of Android apps share data with Facebook — whether you have an account or not

During the past few years, Facebook has been in the news for breach of privacy issues. I therefore share with you an article prepared by Privacy International following an investigation they undertook that found that a huge number of Android apps share data with Facebook — whether you have an account or not. How Apps on Android Share Data with Facebook – Privacy International 2018 (1) […]

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2 alternative approaches to the ever increasing risk to us all by people by distracted while driving

2 alternative approaches to the ever increasing risk to us all by people by distracted while driving

As regular readers of my blog know I have been crusading for a while regarding texting and general use on mobile phones while driving. It needs to be addressed in view of the huge amount of needless accidents causing loss of life, serious injury and property damage. I applaud those insurers that are making it a blanket exclusion under motor vehicle policies and I see […]

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Are some insurers setting small business up to fail?

Are some insurers setting small business up to fail?

I have seen some very ordinary insurance policies over the years that, in my opinion, offer inadequate protection to an insured. One of our Sydney team shared a wording with me that he is trying to assist an Insured on. Here is his accurate summary of the issues. =============================================================== First – GST included in sums insured – Hidden away on page 99 out of 108. […]

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LMI have activated our Catastrophe Response Plan

LMI have activated our Catastrophe Response Plan

In view of the number and severity of the storms that have hit so much of Australia over the past week or so, LMI have activated our Catastrophe Response plan to ensure that we maintain our high standard in assisting Insureds. Claims experts from other offices have gone to the aid of our team in Sydney following last night’s hail storm and we expect that […]

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