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 […]
Looking for a solution to the mould problem
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 […]
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 […]
Claims as a Financial Service
Just a reminder that coming up to 3 years ago, (as from 1 January 2022) anyone providing claims services which includes claims preparation, third party administration of claims, and claims management services has been required under the Corporations Act (2010) Cth to hold an Australian Financial Services Licence. The regulations are designed to achieve a higher level of claim service and in particular hold licensees […]
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 […]
Beware of Storm Chasers
I have written on this subject before but clearly more and more builders and others are jumping on the band wagon. The usual strategy is to offer a ‘free’ inspection of the property and if they find damage following a storm, hail event, fire, or flood, they will lodge the claim for the Insured. Before doing anything they have the client sign a contract that […]
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 […]
What is a fair period for an insured to become barred from taking legal action against an insurer.
Many practitioners in general insurance felt that the Globe Church decision which found that the period started with the date of the initial damage, was unfair. In a era of claims where some insurers take a delay, deny, defend approach, it could be years for a claim to be formally denied. For example, I am handling an earthquake claim from the 2021 Melbourne earthquake where […]