QBE Insurance dumps firearms

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QBE Insurance dumps firearms

Post by bladeracer » 07 Sep 2018, 4:14 pm

https://kiwigunblog.wordpress.com/2018/09/07/qbe-insurance-attacks-shooters/

"Hi,

We would like to make you aware of a change regarding QBE’s risk appetite for firearms, which may affect some clients.

We wanted to let you know about this change as early as possible so that you can make alternate arrangements for clients if required.

QBE’s Global Underwriting Committee (GUC) recently agreed on a change in QBE’s risk appetite for insuring the sale and/or manufacture of firearms. This is a global QBE initiative that affects all branches of QBE worldwide, including New Zealand and all QBE corporate and commercial products are affected except where we must continue to offer cover where we are required to do so by law.

Effective 1 October 2018, QBE will no longer insure customers whose turnover is more than 50% derived from the manufacture and/or sales of firearms.

In addition, QBE will stop insuring any organisation, association or club which provides permits to own, purchase, carry or use firearms, or whose primary purpose is to support the right to bear firearms, or which conducts or otherwise supports activities involving the use of firearms. This includes shooting clubs and Political parties that support the use of firearms.

Why are we making this change?

At QBE we firmly believe that we have a responsibility to be a good corporate citizen in the communities and countries where we operate. This change is important to ensure that QBE is engaged in underwriting consistent with the Principles of Sustainable Insurance, the avoidance of reputational risk, and the increasing investor and societal concerns over the proliferation and use of firearms today.

When will these changes take place?

For new business this change is effective from 1 October 2018, and for renewals we will not be renewing policies incepted on or after 1 November 2018.

We understand that you may have questions on this change and ask that you please talk to your usual QBE Contact to discuss these changes.

Regards

Bill Donovan
General Manager New Zealand Operations
QBE Insurance"
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Re: QBE Insurance dumps firearms

Post by No1_49er » 07 Sep 2018, 4:34 pm

Read this corporate statement and note how far down the sewer they've slid. Maybe they'll drown in their own sh1t.
I hope that ALL of our NZ colleagues dump any policies they have with QBE, and encourage anybody else who they know to do likewise.
When QBE choose to "punish" the closely scrutenised fraternity of LAFO on a feel-good exercise, they deserve nobody's business, of any type.
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Re: QBE Insurance dumps firearms

Post by Gaznazdiak » 07 Sep 2018, 4:45 pm

Seems there is no depth the antis won't plumb to try to push their agenda of total disarmament of law abiding citizens.

No1_49er has the idea, drop the bastards.
If they refuse to support us, we should refuse their products and hit them where it counts most, their profit margins.
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Re: QBE Insurance dumps firearms

Post by Member-Deleted » 07 Sep 2018, 4:49 pm

No1_49er, it shouldn't be just our NZ cousins who drop QBE ...

from their own press statement ... QBE’s Global Underwriting Committee (GUC) recently agreed on a change in QBE’s risk appetite for insuring the sale and/or manufacture of firearms. This is a global QBE initiative that affects all branches of QBE worldwide

i don't insure with them, and never will now. Screw them and the horse they rode in on!
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Re: QBE Insurance dumps firearms

Post by No1_49er » 07 Sep 2018, 7:35 pm

I agree that it has similar implications for us here as well, but, for the moment and until a similar announcement is made in Australia, I was referring directly to the announcement made by the GM of Operations, NZ
Has the same announcement been made to Australian clients?
But, ditch the bastards anyway. If that's what they think about LAFO's, we have every right to think even less of them.
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Re: QBE Insurance dumps firearms

Post by pete1 » 07 Sep 2018, 8:20 pm

Discrimination?
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Re: QBE Insurance dumps firearms

Post by No1_49er » 07 Sep 2018, 8:29 pm

pete1 wrote:Discrimination?

Of course it's discrimination. But, as any business is entitled to do, they are at liberty to make their own T's & C's of doing business. If you don't like it, you have no real option but to take your business to somebody else who will accommodate your needs.
Which may hurt them, if you and everybody you know takes their business away from them.
Oh, and make sure you voice your displeasure to the GM and CEO.
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Re: QBE Insurance dumps firearms

Post by Bigjobss » 07 Sep 2018, 8:32 pm

I identify as a black semi-automatic firearm and feel discriminated against by QBE.
I also demand that they use my preffered pronoun which is NRA.
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Re: QBE Insurance dumps firearms

Post by Sergeant Hartman » 07 Sep 2018, 11:04 pm

You see gaz..... homer was right this is a socialist conspiracy... first they start with insurance then our guns.... where will it stop, when we living in caves without electricity
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Re: QBE Insurance dumps firearms

Post by Gaznazdiak » 08 Sep 2018, 10:21 am

Ziad wrote:You see gaz..... homer was right this is a socialist conspiracy... first they start with insurance then our guns.... where will it stop, when we living in caves without electricity


:lol:
Maybe you have a point Ziad.

You know the old saying "if a million monkeys typed on a million typewriters for a million years, one of them might actually reproduce a Shakespeare play" :lol:
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Re: QBE Insurance dumps firearms

Post by Sergeant Hartman » 08 Sep 2018, 11:46 am

Lol... what tipu playing the man...homer... here... in the famous words....I.keel you
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Re: QBE Insurance dumps firearms

Post by Gaznazdiak » 08 Sep 2018, 12:34 pm

Ziad wrote:Lol... what tipu playing the man...homer... here... in the famous words....I.keel you


:clap: :drinks:
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Re: QBE Insurance dumps firearms

Post by JSS » 08 Sep 2018, 4:38 pm

Just checked through all the insurance stuff as i knew id seen their name on something, we have a policy with them through a broker for dirt bikes. it's due to be renewed soon and will now be going to someone else. QBE can kiss my arse!!

Thanks for the heads up Bladeracer, :drinks:
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Re: QBE Insurance dumps firearms

Post by shouta » 09 Sep 2018, 10:24 am

Doesn't QBE underwrite the SSAA insurance policy for members??

This could leave thousands of members without Insurance...
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Re: QBE Insurance dumps firearms

Post by Gaznazdiak » 09 Sep 2018, 10:40 am

shouta wrote:Doesn't QBE underwrite the SSAA insurance policy for members??

This could leave thousands of members without Insurance...


I just did a web search and you're right, SSAA is underwritten by QBE, time to change before you need to claim I reckon.
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Re: QBE Insurance dumps firearms

Post by bladeracer » 09 Sep 2018, 11:03 am

shouta wrote:Doesn't QBE underwrite the SSAA insurance policy for members??

This could leave thousands of members without Insurance...


Wow! I wonder why I've seen nothing from SSAA about this.
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Re: QBE Insurance dumps firearms

Post by No1_49er » 09 Sep 2018, 11:23 am

I have just received an email reply from the SSAA broker (yes, I know it's Sunday) and he advises that: -

We are working on finding another underwriter to pick this up.
Once we have any news we will forward it all on to our members.
At this stage though, everything as normal.

That's as much as anybody knows at the moment.
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Re: QBE Insurance dumps firearms

Post by Member-Deleted » 09 Sep 2018, 11:45 am

Has anybody in the know fired a letter out to the SSAA to find out what the go is with their insurance situation
This could have a devastating effect on shooters insured with them through QBE and I presume the SSAA has kept it quiet for that very reason
I didn't know the SSAA was using QBE as an insurance and QBE can be a law unto themselves
I had some gear in the workshop in excess of $100,000 then off their own back they dropped my insurance on my Lincoln 600amp portable diesel welder
which was new worth $34,000 because it was bolted to the back of a 4ton truck yet they insured the truck mind you nothing was said when I paid the insurance
unbeknown to me the welder was never insured
Instantly I took my business elsewhere
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Re: QBE Insurance dumps firearms

Post by No1_49er » 09 Sep 2018, 12:11 pm

grandadbushy wrote:Has anybody in the know fired a letter out to the SSAA to find out what the go is with their insurance situation.
This could have a devastating effect on shooters insured with them through QBE and I presume the SSAA has kept it quiet for that very reason
I didn't know the SSAA was using QBE as an insurance and QBE can be a law unto themselves

It's a bit rich to "presume the SSAA has kept it quiet" when, as far as we know, the announcement was made a couple of days ago.
Agreed, it will have repercussions for the shooting/firearms fraternity, but we have the power to move our business elsewhere (as we will have to do) to another provider, which will surely impact on their credibility when so many policies are seen to be cancelled.

You are right to say QBE "can be a law unto themselves". They are of course a company which, as is any other, free to choose how they operate their business and therefore the T's & C's that you can either agree with, or not. If it's the latter, easy - take your business elsewhere.

And, as this is their global intention, can you imagine our US brothers not giving a good "kicking" to QBE's American counterparts?
Have a check of QBE's global tentacles and you'll see that they are spread far and wide.

Hit them where it hurts.
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Re: QBE Insurance dumps firearms

Post by Member-Deleted » 09 Sep 2018, 12:30 pm

Yep your totally right No1_49er but being a little rich well maybe but insurance companies do have to state their intentions to gov before just dropping stuff
and that takes time so it would have been known for awhile by whom I don't know depends on who the gov let have this information nobody I presume because
it works to their agenda just another hurdle for gun owners
Then is it possible to hit them where it hurts because at the moment people use what costs them less and it may be to their cost interest to stay with QBE
And if you follow QBE's tentacles I'm pretty much sure you'll find one that will eventually leads back to a gov department
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Re: QBE Insurance dumps firearms

Post by Cryptic » 09 Sep 2018, 3:07 pm

Might have to go check with ANZ what the go will be on my contents as they are QBE too. Made sure my safe and toys were able to be put on when signed up but now who knows.
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Re: QBE Insurance dumps firearms

Post by doc » 11 Sep 2018, 11:10 am

Thanks Bladeracer for posting. I'm guessing QBE isn't big in America (or wont' be for much longer).

Social Justice Warriors at the heads of companies has been an ongoing concern of mine, and I've seen it in numerous industries and areas. Banks, Insurance Companies, Software Companies - mainly big businesses are now being used by some elites at the top to start pushing their own social agenda's. This is not just happening to firearms - it's a growing trend of using big muscle in an attempt to change the social landscape.

A message needs to be sent to big business - regardless of what they are pushing that the companies they control are not there at their whim to push their own ideologies upon the rest of the world!

Whilst dropping QBE as an insurer is a good start - I don't think it's enough. I think the government needs to step in and bring in some sort of regulation that stops corporate entities from trying to interfere with society. Imagine if QBE said we won't insure anyone associated with xxx political party, or we won't insure anyone who supports gay marriage, etc to try and change the political landscape?

And if they're allowed t-they will continue to use their muscle to try and sway the political and social landscape more and more!

THIS CAN NOT BE ALLOWED TO CONTINUE!
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Re: QBE Insurance dumps firearms

Post by No1_49er » 11 Sep 2018, 11:22 am

doc wrote:Thanks Bladeracer for posting. I'm guessing QBE isn't big in America (or wont' be for much longer).

If you don't think they have a big presence in the US, check here, taken directly from the QBE web site: - https://www.google.com/search?client=fi ... 56&bih=860
They do have rather long tentacles.
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Re: QBE Insurance dumps firearms

Post by marksman » 11 Sep 2018, 1:05 pm

QBE were the company workcover used as an agent that got into strife because of the Debra Glass (Ombudsman) investigation
www.theage.com.au/national/victoria/wor ... re7li.html
the workcover part of QBE was taken over by IML,
QBE are rorter's
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Re: QBE Insurance dumps firearms

Post by Sergeant Hartman » 11 Sep 2018, 9:09 pm

Doc good points there mate. And I agree the companies are virtue signaling. Guns wasn't the only thing... Qantas etc did the same during the gay marriage vote.

As I see it unfortunately this will not stop, in times when a large chunk of population are frustrated by the government and opposition playing petty politics with issues that concern them, some companies will use their power to dutie signal stop they can attract and keep the type of workforce they like. Eg qantas, I would assume had a reasonably large percentage of their employees that are gay that support the marriage, while many others that while not but would also support the idea. So if they see their CEO supporting the idea, they will feel better about the company. Other times companies are waging a PR war and by supporting a popular agenda they can put themselves above the rest of the pack.

Unfortunately the reality is that the number of LFO is small and and they are not bunched together. In situations like these... this type of stuff will happen
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Re: QBE Insurance dumps firearms

Post by RoginaJack » 12 Sep 2018, 8:24 pm

Principles of Sustainable Insurance, the avoidance of reputational risk, and the increasing investor and societal concerns over the proliferation and use of firearms today.
Read more at http://www.sportingshooter.com.au/lates ... L2JJ4Tl.99


Could someone please explain the "Principles of Sustainable Insurance,...." as quoted by QBE. :unknown:
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Re: QBE Insurance dumps firearms

Post by Member-Deleted » 12 Sep 2018, 9:01 pm

AHH , Well where does the ssaa go now ? :?
In another mth I won't be insured through ssaa so might have to find my own :unknown:
I find it difficult to believe the ssaa didn't know this was on and what direction are they going to take for members insurance
for the future I would like to know before i decide to stay a member or not :shock:
Sometimes silence is not golden
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