Posted in: LMICK Minute
June 15, 2020
LMICK Minute - Issue #7

To our Policyholders,

First and foremost, we hope that you and your families are healthy and that you are managing well, personally and professionally, during the ongoing pandemic and social unrest. Please accept our sincere thanks and appreciation for your continued confidence in, and support of, Lawyers Mutual of Kentucky (“LMICK”). We are proud to have you as insureds.

We are preparing for our first ever virtual Annual Meeting which will be held on Saturday, June 20, 2020 at 10:00 a.m. EDT. Limited space is available for in-person attendance at our office located at 323 West Main Street, Suite 600, Louisville, KY 40202. Anyone planning to attend in person MUST notify us at This email address is being protected from spambots. You need JavaScript enabled to view it. by Thursday, June 18, 2020. Due to space constraints, social distancing requirements and healthy-at-work guidelines, the staff must be prepared to receive you into our office. Zoom participation is also available and we strongly encourage you to join us in that manner.

  • Audio Only - 1 (312) 626-6799
  • Meeting Number – 837 2310 5621
  • Password – 947916

As a mutual company, LMICK is your company. In anticipation of the upcoming Annual Meeting, we wanted to take this opportunity to discuss the state of the company and reflect a bit on 2019.


Importantly, 2019 marked the Company’s 13th consecutive profitable year. This accomplishment was made possible, in large measure, by your continued support. LMICK exceeded industry averages and renewed 96% of our insured attorneys. We also welcomed 89 new attorneys as LMICK insureds. Peer-to-peer recommendations are the lifeblood of the Company’s success. Thank you to all who’ve recommended us to a colleague.

Over the past 18 months, we’ve invested in updating our core values, refreshing our corporate brand and expanding the Company’s digital footprint. These core values are mirrored in our Brand and all marketing platforms, including, LinkedInFacebookInstagram, and Twitter.

Perhaps the most significant development in 2019 was the rate reduction provided to LMICK’s mutual members for renewals from July 1, 2019 through June 30, 2020. The net effect the rate reduction had on your particular renewal premium depended upon whether your firm’s makeup and practice changed from the previous policy year. Changes in membership, type and percentage of practice, CLE credits and other factors alter the bottom line, but comparing apples to apples, many of your premiums were lower.


Your claims team consists of Jane Long, Pete Gullett and me. Notwithstanding the pandemic and remote working arrangements, we’ve remained committed to helping you avoid claims, assisting with claims repair and protecting you against financial loss when claims arise that cannot be repaired. You, our insureds, understand the importance of having professional liability insurance coverage. If you are aware of an attorney without coverage, please remind him or her that Kentucky lawyers will face an average of 2.3 legal malpractice claims/lawsuits over the course of his or her career.

LMICK’s data from 2019 showed a spike in claims to 4.71 per 100 lawyers insured. Plaintiff’s personal injury law and real estate work continue to be the practice areas with the most claims. We experienced an uptick in the number of collection/bankruptcy claims during 2019 and anticipate more of those claims as a result of the financial difficulties associated with the pandemic. Due to the increase in claims generated by collection and bankruptcy cases, we developed a presentation specific to Fair Debt Collection Practices Act (“FDCPA”) cases and presented it at each KLU in the fall of 2019. We suspect this presentation will continue to be timely and relevant.


In addition to the aforementioned FDCPA presentation, we added 5 new programs to the LMICK CLE/presentations library in 2019. We’ve developed 2 additional programs thus far in 2020 as well. If you would like to schedule a LMICK presentation for your group event, please contact us. On average, we attend 60 meetings and events and present 30 hours of CLE each year. It is unlikely that we will hit those marks in 2020 in light of the pandemic. Nonetheless, we are attending meetings remotely and presenting virtually. We are committed to being as present and available as always. Some of you may have seen two honorary LMICK staffers, Nancy Meyers’ children, at a KJA meeting or two. These are interesting and challenging times to be sure, but we are resolute in our dedication to supporting your practice.


In 2019, LMICK added a number of terrific lawyers to its Board. We welcomed Thomas N. Kerrick of Kerrick Bachert, PSC; Jennifer L. Lawrence of The Lawrence Firm, PSC and Sarah M. McKenna of Dinsmore & Shohl, LLP. Further, Dulaney L. O’Roark was elevated to Director Emeritus.

After 30+ years, we still believe Kentucky lawyers deserve uncompromising protection and support. We will be your ally, helping you every step of the way from education and prevention to mitigation and coverage. As Kentucky lawyers serving Kentucky lawyers, we are invested in you.

Again, now more than ever, thank you for allowing us to be your “partner” in the practice of law. Please tell your attorney friends and colleagues to give us a call for a quote.


Angela Edwards – CEO
Nancy Meyers – Marketing Director