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Property Insurance Claims Group – 13 March 2025

The PICG reviewed the LMA5020 Service of Suit Clause, confirming the need for a guidance note to support implementation. Broker engagement strategies were discussed, with plans for clearer communication and regular updates. The upcoming PICG conference was highlighted as a key opportunity for collaboration. Updates were shared on DOI returns, with an API solution raised to improve efficiency. Members agreed that success relies on strong collaboration and operational alignment. Discussions also covered binder renewals, with the group supporting the appraisal clause update process. The meeting concluded with plans for ongoing industry engagement.