Broker’s Proactive and Reactive Duties

Broker’s Proactive and Reactive Duties

Kotku Bread Pty Ltd v Vero Insurance Ltd and Anor [2012] QSC 109 OVERVIEW Risk Management is defined where any organization has an obligation to identify and assess foreseeable hazards, and take steps to eliminate or control the risk. It is the process of identifying...

Valuing a Collection

Kloprogge v Queensland University of Technology [2017] QDC 43 FACTS The Plaintiff had been a collector of minerals and rocks since his childhood in the Netherlands. Over the years, he had amassed an enormous collection, including certain special collections of Topaz,...

10 Largest Insurance Catastrophes (Australia)

The Insurance Council of Australia has published a Brisbane hailstorm update[i]: insured losses have now passed $300 million. As at 2 December 2014, 59,970 claims have been lodged by property and motor vehicle owners affected by the hailstorm – 15,020 for house and...

Reasonable Precautions before Insurance Claim

Brescia Furniture Pty Ltd v QBE Insurance (Australia) Ltd [2007] NSWSC 598 Highlights: The collective states of minds of the officers of the company are treated as being the state of mind of the company. For the insured to be entitled to the restatement value of the...