In a fast-paced world, it’s vital to pause and celebrate the milestones that define us. Today, LMI Group marks its 27th anniversary, tracing our journey back to February 25, 1999. My deepest thanks go to the entire LMI team. Your dedication to supporting our clients and your tireless work in building the trusted brand we are today have made this achievement possible. I also thank […]
Novemebr 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards. Take a look at what’s new below! Quick overview NEW INSURER / POLICY WORDINGS POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES Caravan/TrailerAlteration to Related Benefits – Youi Pty LtdAlteration to various Basis of Settlement – Youi Pty LtdAlteration to various Exclusions – Youi Pty […]
OCTOBER 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards. Take a look at what’s new below! Quick overview NEW INSURER / POLICY WORDINGS POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES Caravan Commercial Motor Commercial Packs Contract Works Corporate Travel Crop Policies Cyber Directors and Officers, Professional Indemnity and Management Liability Engineering Home Insurance […]
Ravens attack our drone
While Michael, one of our two licensed drone pilots and I were out this morning taking aerial photographs and video of one of the claims we are working on at LMI Group, 2 Ravens and a Magpie attacked our drone. Clearly spring has arrived. The one below looks focused on taking us out, but I am pleased to say no birds or the drone were […]
Time to review Gross Rentals Values
One of the ever increasing costs of being a landlord, particularly in Victoria is land tax and property rates. The values of properties are being reviewed by state governements and/or local councils and it is going up year on year. Another trick that some States Governments have introduced, and I again use Victoria as an example is that the property owner only has 60 days […]
Reflecting on the first 25 Years of LMI Group
Today marks LMI Group’s quarter century of service to the insurance industry and wider communities. What better way to reflect on all that our dedicated team have accomplished but list 50 highlights from our first 25 years that you may not know (or have forgotten) the Group. As an aside, I tried to narrow this down to 25 for 25 but I was over this […]
Just how is insurance caught up in trade sanctions against Russia
Insurance really is a global industry and has many times been described as the oxygen in the lungs of the economy. With any insurance policy on commercial risks written out of the United Kingdom (UK) or the European Union there is a sanctions clause. In fact this appears in most if not all commercial contracts. The Financial Conduct Authority (FCA) in the UK issued the […]
Support for building rating tool
Last week it was reported that the New South Wales Government is working on a building rating tool to improve insurer confidence in buildings in that state. This is something that several of us at LMI have been calling for for quite some time. I am sure others within the industry have as well. It certainly has our support subject to one proviso. The major […]
Blog question – Does COVID-19 create a force majeure situation?
This question was asked of me over the weekend and before I put down my own thoughts, I did a quick search and found a great article by Paul Venus and Scott Alden, from Holding Redlich, that covers the issue extremely well. Rather than reinvent the wheel, I simply attach a link to their quality analysis. Thank you gentlemen, well done! https://www.holdingredlich.com/force-majeure-and-covid-19-what-you-need-to-know-now What I would add […]
Blog question on goods in physical and legal control
I received this question this morning. Good morning Allan, I hope you can assist. Having trouble deciphering the Property in your Care custody and Control wording in the [insurer name withheld] Trade Wording I have attached the Liability section and the property in control wording. Our client are concreters and will be hiring some lighting equipment valued at $14,000 as they will be working at […]