Oil industry climate change litigation could spill to manufacturers of all petrol products

Oil industry climate change litigation could spill to manufacturers of all petrol products

Oil industry climate change litigation could spill to manufacturers of all petrol products

If the US plaintiff bar can make mounting allegations that the oil industry should pay damages to combat the effects of climate change stick, any manufacturers of products that consume petroleum, including the motor industry, could also be in line for heavy claims, a leading lawyer has warned. Clyde & Co’s Neil Beresford said a US federal court decision on…

New framework to help boards avert losing battle against cyber risk

New framework to help boards avert losing battle against cyber risk

New framework to help boards avert losing battle against cyber risk

Boards are losing the battle against cybercriminals, warns a new report from The CityUK and Marsh, which puts forward a new framework to help board members advance cyber risk management. Launching the report and framework, John McFarlane, chairman of The CityUK, which represents UK-based financial and related professional services, said cybercrime is a clear and present danger to society and…

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

A new report by the Association of British Insurers (ABI) says UK building control systems are “broken” after results of post-Grenfell Tower fire tests found current standards underestimate risk. Submitted to Dame Judith Hackitt’s Grenfell Tower review, the ABI’s report says laboratory tests used to approve building materials are “utterly inadequate” and called for an urgent reform of the fire…

Insurers and brokers say clients can’t measure cyber risk

Insurers and brokers say clients can’t measure cyber risk

Insurers and brokers say clients can’t measure cyber risk

Insurance buyers, and consequently their risk transfer partners, are struggling to measure cyber risk and are therefore largely in the dark about its financial impact, according to a new survey of insurers and brokers by Secure Systems Innovation Corporation (SSIC). The survey also finds that the insurance industry needs to properly address non-affirmative cyber cover and that a series of…

High-profile judging panel named for European Risk Management Awards

High-profile judging panel named for European Risk Management Awards

High-profile judging panel named for European Risk Management Awards

Ferma and Commercial Risk Europe are delighted to announce another line-up of leading risk managers as judges for our annual European Risk Management Awards. Now in their third year, the awards aim to boost the standing of risk management and encourage better performance at companies that deliver tools to help them do their job. They therefore recognise the highest achievers…

EC to boost whistleblower protection across EU

EC to boost whistleblower protection across EU

EC to boost whistleblower protection across EU

The EC has announced plans for a new law to strengthen whistleblower protection throughout the EU. Its proposals would establish safe channels for reporting within an organisation and to public authorities. In addition, they would protect whistleblowers against dismissal, demotion and other forms of retaliation. The new law would also require national authorities to inform citizens about whistleblowing and provide…

Beazley and DAC Beachcroft launch GDPR hotline

Beazley and DAC Beachcroft launch GDPR hotline

Beazley and DAC Beachcroft launch GDPR hotline

Cyber liability insurer Beazley has partnered with law firm DAC Beachcroft to launch a free General Data Protection Regulation (GDPR) helpline for its Beazley Beach Response (BBR) clients in the UK. Ahead of the GDPR’s implementation on 25 May 2018, the helpline has been set up to ensure clients are in compliance with the regulation and highlight any areas that…

NSIT updates popular Cybersecurity Framework

NSIT updates popular Cybersecurity Framework

NSIT updates popular Cybersecurity Framework

The US Framework for Improving Critical Infrastructure Cybersecurity, which is popular with multinationals and is also used by companies in other countries, has been updated.  The new version includes updates on identity and authentication, self-assessment of cybersecurity risk and cybersecurity management within the supply chain. Version 1.1 of the framework was released last week by the US National Institute of…

Sedgwick announces top global and UK management roles following Cunningham takeover

Sedgwick announces top global and UK management roles following Cunningham takeover

Sedgwick announces top global and UK management roles following Cunningham takeover

Risk and benefits services firm Sedgwick has confirmed top management roles for its international and UK business following the completion of the company’s acquisition of Cunningham Lindsey last week. Ian Muress, who will be based in London, has been named as Sedgwick’s CEO of international business. He will oversee all business operations outside the US and Canada. Mr Muress will…

Clyde & Co boosts insurance partner numbers

Clyde & Co boosts insurance partner numbers

Clyde & Co boosts insurance partner numbers

Law firm Clyde & Co has announced 12 new partners including six within its insurance department, taking the total number of partners worldwide to 400. The new partners include Tony Cawley for London casualty insurance, where he will be joined next month by Jennette Newman and Jonathan Edwards from BLM. Damian Rourke, technical lead of the firm’s counterfraud team and…

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