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 […]
ISR Master Class
I am hosting a 4 part training session on the ISR Policy starting on 27th August 2025. Each session will run on line for approximately 1.5 hours over 4 weeks. The course is suitable for those new to the ISR policy right through to experienced hands and covers all sections of the policy starting with the all important policy schedule in week 1. Places are […]
Update on Adass Synagogue Fire Bombing
Readers will recall the news footage of the attack on the Adass Synagogue in Melbourne. The facility provided much more than a place of worship to the local community and was in fact the heart of the local area. To maintain as many services as possible for the congregation, a short-term temporary marque was erected at a near-by school while a longer-term site was sourced. […]
LMI activates our Catastrophe Response Plan
Having attended every major natural catastrophe as LMI since 1999, both LMI Group and Aequum Adjusters have activated their respective Catastrophe Response plans putting in place the resources required to respond to the expected claims from Cyclone Alfred. We naturally hope that the cyclone changes course again and moves away from the coast but if the predications are correct and it will hit landfall in […]
Does my Landlords Insurance Policy cover terrorism
This is the fourth post in a series that looks at the coverage afforded by various types of insurance products. The series was prompted by a large number of requests for clarification following the senseless attacks that are going on predominately in Melbourne and Sydney. These attacks would appear to fall within the definition of terrorism as set out in legislation. Today we look at […]
A reminder to review Sub-Limits
I think we all know the importance of reviewing declared values, sums insured and or Limits of Liabilty every year. This is extremely important at the moment with construction costs escallating as much as they have in the past. The same issue is there for machinery and plant, other contents and replacement stock. In addition to this the Australian dollar has fallen in value with […]
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 […]
US Tornado’s total US$ billion + losses for insurers.
You would have seen the extensive damage in Kentucky and 6 other US states from the 30+ tornadoes that swept across this wide area during the 9th and 10th of December. Tornadoes this time of the year are rare, but the tornado period is clearly lengthening year on year. These storms mark the 10th US$ billion storm event this year in the United States. Only […]
Clarification on the removal of debris coverage, where the government is funding the work following the bush fires
Like many organisations, LMI have been offering their help to those badly affected by the recent bush fires. One of the issues that came up was that some insurers were making no allowance for the cost of removing of debris due to the fact that the Federal and State Governments of NSW and Victoria had stated that they would organise and fund the debris removal. […]
An Enquiry into the construction industry is long overdue
The long list of failures to deliver safe buildings continues to grow following the fires in high rise buildings with non conforming building materials, the walkway collapse between the Alluvian building and West Australia Square in Perth and the severe cracking in several buildings in New South Wales. Add to this the ever increasing list of faulty products being imported into Australia including electrical wiring […]