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Court Says Loose Bolt Remedied by Tightening Does not Constitute “Direct Physical Loss of or Damage” to Property

The Property Insurance Law Observer

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

Damage 130
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Reflecting on the first 25 Years of LMI Group

Prof. Allan Manning

L oss Management International (Post loss Claims Preparation and Loss Adjusting) , Risk Management International (Pre Loss policy program reviews and business interruption sum insured reviews), and Claims Management International (Post Loss Third Party Administration services) based in Melbourne, Australia.

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LMI Claims Conference

Prof. Allan Manning

A wide range of topics were covered from an update on recent court cases involving general insurance claim decisions, a detailed analysis of the Reasonable Care Condition found in many policies by LMI Legal, lessons learned from business interruption losses by LMI Forensics, issues around storm damage to solar panels by LMI Claims, a detailed run through (..)

Claim 130
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Lithium Batteries a risk management issue.

Prof. Allan Manning

The reality is that Lithium batteries are in many items today and we need to personally manage the risk. Earlier this year, I went to the LMI College and LMI RiskCoach teams and asked if they could put together a short course on the risks associated with the batteries.

Risk 130
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Celebrating 24 years of service to the general insurance industry

Prof. Allan Manning

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.

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RIMS Risk Forum India 2021: Building Resilience As COVID, Cyberrisk Top Business Risks

Risk Management Monitor

An increasingly key theme year over year, resilience is at the root of the latest Excellence in Risk Management India report from Marsh and RIMS—and the RIMS Risk Forum India 2021 virtual event , where the report was officially released today. They have crisis management plans in place, but they also dig deeper, look farther ahead.

Risk 45
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Beyond Fire: Triple-I Interview Unravels Lightning-Risk Complexity

Triple-I: Business Insurance

In a recent interview with Triple-I CEO Sean Kevelighan, Harger discussed the importance of preparing for and preventing damage from this risk, which is second only to flooding when it comes to costly weather events. When installed properly, lightning protection systems are scientifically proven to mitigate the risks of a lightning strike.”

Risk 52