Risks associated with cyclone and storm activity, Risk Management

Assignment Help:

Part A

Glenda has taken a household insurance on her classic Queenslander home in North Queensland.  At the time of application, the insurer "URINSURED" asked numerous questions regarding the house including questions about the structure, location and existing damage. 

In response to these questions, Glenda responded that the house had no existing damage.  However, Glenda had previously claimed on a past policy on water damage sustained through cyclone activity. 

Ten months after obtaining the policy Glenda suffered damage to her roof resulting from a tree branch. 

 Required:

  1. Advise Glenda whether he will able to rely upon her insurance policy for relief.
  2. Assuming that the insurer "URINSURED" agrees to cover Glenda in the mentioned circumstances and Glen signs a release, Explain to Glen whether he will be able to make any future claims in relation to this incident under the insurance policy.
  3. Assuming the insurer knows about the inherent risks associated with cyclone and storm activity in Northern Queensland would the duty of disclosure still apply? 

 

 


Related Discussions:- Risks associated with cyclone and storm activity

Explain service recovery efforts, Question 1: Service quality focuses o...

Question 1: Service quality focuses on satisfying customers' needs in the moments of truth during service encounters where the customers form perceptions of the service deliver

Binomial model , the difference between binomial model and black-scholes fo...

the difference between binomial model and black-scholes formulation of derivative pricimg

Risk, Explain how budget planning is related risk management

Explain how budget planning is related risk management

Finance , #qusuppose that a bank sole business is to lend in two region of ...

#qusuppose that a bank sole business is to lend in two region of the world. The lending in each region Has the same characteristic as in example 21.5 of section 21.8. Lending to

Differentiate between implied and historical volatility, Question 1: (a...

Question 1: (a) What are the distinct types of assets under which derivatives can be based upon? (b) Give at least 5 risks that justify the existence of derivatives? Endorse

Draw the risk management control cycle, Question 1: Define the followin...

Question 1: Define the following terms: (a) Whole life assurance (b) Immediate annuity (c) Market Liquidity Risk (d) With-pro

Define value at risk as a measure of market risk, Black Rock Investors is ...

Black Rock Investors is managing the pension fund of Virgin Atlantic. Sir Richard Branson wants to assess the risk of the portfolio following the Euro crisis. During a discussion

Risk management policies, On 1 October 2010, a company issued at par $30 mi...

On 1 October 2010, a company issued at par $30 million (par value) of fixed rate 6% debenture loans to the market at par. Interest on the debenture loans is paid quarterly on the l

Liquidity risk managment, how to write the literature review on liquidity r...

how to write the literature review on liquidity risk management and supervision

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd