We at LMI have been working with Endangered Heritage to reduce the cost of mould claims to the general insurance industry and equally important to reduce the risk of occupational health and safety issues that can and do arise. Endangered Heritage is currently running a survey on the subject. It only takes 2 minutes. It will not lead to any marketing campaign or you being […]
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 […]
Is the Indemnity Period long enough
In the claims we are handling we are seeing more and more that the Indemnity Period runs out before the business returns to normal. This is due to a number of issues including but not limited to: The final point has promoted LMI to include in our service a clinical psychologist to assist clients during the process. Click here for more details. With this background […]
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 […]
The outlook for bushfires in Australia for the 2022-2023 Summer
The following is a media release from the Australian and New Zealand National Council for fire and emergency services setting out their estimate of how this coming summer’s fire season will play out. As it is so important to the insurance industry and business and personal lines insureds, I share it with you in case you have not seen this important research. AFAC, the National […]
Beware the Storm Chasers
Following the recent storms and floods, there have been a number of firms advertising on the radio offering to assist insureds with their insurance claim. It is understandable that some insureds struggle with the claim process, particularly after they have seen their home or business badly effected. Sadly, there are some companies and individuals that take the opportunity to exploit people when they are vulnerable. […]
Climate Risk and ESG Reporting
Climate change is certainly a hot topic for government at all levels and the general insurance industry. A recent article in LexisNexis caught my eye and with the author’s kind permission I share it with you.
Australia now has a new fire danger rating system
As from 1st September 2022 a new and nationally consistent bushfire danger rating system starts across Australia, providing clearer and more accurate information to communities at risk of bushfire. The Australian Fire Danger Rating System brings together the latest science and knowledge of fire behaviour, and is supported by extensive community research. It is the most significant change to the fire danger rating system in […]
Time to stop building in flood zones
I understand that the governments in both some Australian states and the UK have started to question whether planning permission should be given to developments in flood prone areas. The latest to be put on hold is a development that was to take place adjacent to the Hawkesbury River in New South Wales. I have been saying for over a decade now that to allow […]
Another suggested discussion point for the Bushfire Royal Commission
One thing that is clear is that our current fire fighting techniques and brigade system do not have the necessary equipment to get in quickly and extinguish fires before they really get hold. One of the early strategies used in the US, which has been relaxed of late but is back on the table, is to extinguish all fires as quickly as possible. Some call […]