By Tom Gibb, Acting My.Place Team Leader
Do your property investor clients know that when commercial premises become vacant for an extended period their insurance could be voided? Or that a change in the tenant’s occupation can impact their premiums? Here is some essential reading for your commercial property owner clients. By Tom Gibb, Acting My.Place Team Leader
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The move by Australian insurers to offshore key functions, like underwriting, could permanently change the face of our industry. But will it be for the better? And who stands to gain? By John Nagle, Chief Executive Between 1897 and 1973, the Australian insurance industry was dominated by a cartel-like association known as the ‘Tariff’, which controlled prices, products and distribution. Edward Lumley made it his business to shake up this status quo from his arrival home to Australia as a young Lloyd’s broker in 1920 till his death four decades later. By Claudia Bacetic, Communications Manager Brokers need to take extreme care when assessing and reporting a client’s exposures to underwriters or risk becoming the subject of a professional indemnity claim as a recent Queensland court case demonstrates. By Chuck Robinson, Underwriting Team Leader |