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International Professional Liability Committee – 14 August 2025

The Committee approved the minutes of the May meeting before receiving an update from the Emerging Professionals Group, with a further report expected at the next session. Members noted that the AI paper had received legal sign‑off, with additional real‑world examples incorporated. Publication was planned for early September, after which the final version would be circulated.

The Non‑Marine Committee update highlighted progress on the LMA Spring Clean Project, including the review of outdated clauses on the Lloyd’s Wordings Repository. Work continued on developing model profit commission clauses across several structures.

A claims update covered the forthcoming FI/PI podcast, the potential implications of the Motor Finance Supreme Court decision, and emerging concerns around brokerage being applied to claims handling. The IUA update addressed delays to ICOS, changes to Crystal+, new RICS wording, and ongoing discussions around SMB and “secret commissions.” Members also noted developments in URS vs BDW and the potential reopening of older notifications.

Under AOB, the Committee discussed the use of LMA5670 alongside LMA3100a. The next meeting will take place on 9 September 2025.