Common law liabilities for pollution in the UK

Common law liabilities for pollution in the UK

Common law liabilities for pollution in the UK

Anyone familiar with environmental liability will understand how heavily laden the subject is with regulation. Amid the excitement of the UK’s Environmental Protection Act and EU Environmental Liability Directive, it is too easy to neglect the study of a landowner’s duties at common law. Such duties may arise in negligence, for breach of statutory duty, in nuisance or under the…

Fool for five minutes, or forever?

Fool for five minutes, or forever?

Fool for five minutes, or forever?

The inability to deliver a product or service to the customer as promised and agreed is the biggest risk that faces nearly all businesses. This is arguably supply chain risk in its purest form. This risk has changed immeasurably in recent times as the nature of the global economy has transformed towards less tangible services and risks. Tangible supply chain…

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

First introduced in 2009, bitcoin has had a turbulent history that shows little sign of settling down. In spite of the drama that surrounds it, the cryptocurrency remains a topic for serious discussion. Graham Hawkins, XL Catlin’s head of fine art and specie, describes the unique characteristics of this “borderless currency”, and considers its viability for mainstream use. Aristotle was…

Time to tackle cyber risk

Time to tackle cyber risk

Time to tackle cyber risk

Cyber risk is, perhaps not surprisingly, the focus of this year’s European Risk Frontiers survey of leading risk managers and, again perhaps not surprisingly, has already thrown up some challenging questions. First there is the fundamental question of who should own or be responsible for cyber risk within an organisation. Risk managers clearly do not want to own this risk…

GDPR: Documenting your compliance

GDPR: Documenting your compliance

GDPR: Documenting your compliance

Accountability and good governance are central to effective and compliant data processing. With the introduction of the EU’s General Data Protection Regulation (GDPR), which enshrines this principle in Article 5, demonstrating your compliance will be essential. Not only should an organisation aim for full compliance, it should also now be able to evidence full compliance. The GDPR seeks to harmonise…

Advertorial: What’s a steering wheel?

Advertorial: What’s a steering wheel?

Advertorial: What’s a steering wheel?

In the past few months: a self-driving pod developed by Oxbotica made its debut in Milton Keynes, England; a self-driving truck delivered a load of beer in Colorado; autonomous buses took to the streets in several cities including Lyon in France, Sion in Switzerland and Dubai; and self-driving taxis were introduced in Singapore. For many people, seeing or riding in…

Broker remuneration: Let’s sort it out this time!

Broker remuneration: Let’s sort it out this time!

Broker remuneration: Let’s sort it out this time!

The thorny topic of broker remuneration raised its ugly head again last month and we have to say this has been coming for quite a while now. Airmic, the UK risk management association, brought the topic to the fore in March via a report that reveals rising levels of concern among its members about the way in which brokers are…

Cyber preparedness and response

Cyber preparedness and response

Cyber preparedness and response

Cyber is a word you no doubt read every day, such is the concern around the ever-growing and evolving problem of cyber security. The UK government’s annual Information Security Breaches Survey for 2016 states that 65% of large firms detected a cyber security breach or attack in the past year, with 25% of these experiencing a breach at least once…

United Airlines reels from reputation hit

United Airlines reels from reputation hit

United Airlines reels from reputation hit

If the future of United Airlines’ chief executive, Oscar Munoz, is not yet decided, his company’s name seems destined to enter the enterprise risk specialist’s hall of infamy. The airline’s reputation, and share price, has been roundly trashed since an innocent passenger, Dr David Dao, was filmed being dragged off an overbooked flight by security at Chicago O’Hare airport. The…

Environmental impairment liability comes of age

Environmental impairment liability comes of age

Environmental impairment liability comes of age

As environmental impairment liability (EIL) claims frequency and severity trends upwards, Peter Jarvis, head of environmental product, Europe, at AIG, considers whether environmental liability should continue to be viewed as an ‘emerging risk’. Environmental damage claims are becoming more frequent, impacting a wider range of industries than ever before, while remediation costs are creeping steadily upwards. This is the conclusion…

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