I read an article in Lexology that I thought was important enough to share with our readers. ‘The Australian Securities and Investments Commission (ASIC) has secured a Federal Court ruling requiring FIIG Securities Limited (FIIG) to pay $2.5 million in civil penalties for longstanding failures in cyber security and data protection.1 The ruling marks the first time the Federal Court has imposed civil penalties for cyber […]
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 […]
Beware of allegation of breach of copyright
Earlier this week LMI received a contact us message from our website claiming that a photograph or photographs on our website were subject to copywrite. LMI have a strict rule around the publishing of photographs and we only use photos one of our team took, a customer or broker we know and trust took and gave us permission to use or stock photographs from a […]
Lithium Batteries a risk management issue.
I read this morning that the NSW Fire and Rescue have today reported that there have been 45 fires directly related to lithium batteries since the beginning of the 2024 year. Sadly also two people have lost their lives in the fires and possibly a third yet to be confirmed. The reality is that Lithium batteries are in many items today and we need to […]
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 […]
An old text scam has reappeared and a new email one
I received the text below as I was up a ladder on the weekend changing out a failed LED light. I started to reply before I realised that I needed to check the senders number, and of course it was not from either of my children. Then this morning, I received an email from our cyber security team at LMI IT to warn me of […]
Business and individuals need help from government to reduce cyber risk
Cyber attacks have been the leading story in Australia for the past few weeks with the breaches at Medibank Private and Optus being two of the most high profile cases. It is reported in Business News America that three-quarters of businesses in the UK and the US have been hit by a serious cyber attack at least once since 2019, according to the S-RM Cyber […]
Beware dodgy DocuSign email
This morning I got the following note in our email security quarantine system. I do get a number of emails containing a link to DocuSign but the .net together with the fact this one got caught in quarantine raised red flags. Contacting DocuSign they advised that the emails contain links to a malicious Word document that, if you run it, will download malware to your […]
Beware text messages with links
The Government and Telstra have both reported on the significant increase in spam text messages with links for the unwary to click. Today I had two and both were clearly spam. They said they were voice messages and I had not received any missed calls. On close examination the sender could not even spell ‘message’. I have been deleting such messages for a while but […]