Evidence of the harmful effects of diesel emissions is growing, resulting in it being likened to another toxic ‘timebomb’. These developments are likely to require corporates and their insurers to reconsider their approach to this developing risk. A new inquest into the passing of a child who died from asthma was recently ordered, following evidence that the death may be…
Bed bugs have been around since the dawn of time; originally, they were using bats as hosts and began feeding on humans while we were still living in caves. They were a common sight in the pre-insecticide era, where it is estimated they were resident in 30% of households. Recent years have seen species migrating northwards as temperatures increase. While…
The shipping industry has recently seen a large number of exciting and futuristic proposals for automated and digital innovations. The intention is to increase efficiency, reduce costs, save time and promote safety at sea. The increasing number of automation and digitalisation solutions should lead to a corresponding increase in standardisation and regulation. However, this will take some time to achieve…
HDI Global Specialty SE launched in January with an expected gross annual premium level of €1.2bn at year-end 2019, after merging the specialty lines activities of Talanx-owned HDI Global and Hannover Re. We spoke to Richard Taylor – the company’s chief marketing officer, chief underwriting officer of short-tail classes and former UK managing director at HDI Global – about the…
The global spotlight on glyphosate continues, following a third successive US court case finding that the world’s most popular pesticide is carcinogenic. Despite unresolved uncertainties in the scientific evidence, the case resulted in the highest damages award to date, highlighting the burgeoning risk in this developing litigation. Indeed, this may be the beginning of a new toxic tort that has…
The US-based international risk management association RIMS is continuing its international expansion drive on the back of its successful RIMS-CRMP certification, which it hopes will become firmly entrenched as the global risk and insurance management standard…
The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…
The UK Supreme Court has found that the English courts are free to exercise jurisdiction over claims against parent companies for damage caused by their subsidiaries abroad. Accordingly, multinational corporations should now be encouraged to review their due diligence, risk control and global insurance programmes to ensure that they have adequate protection against this risk. In this high-profile judgment on…
With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships comes into effect, there are still numerous challenges surrounding compliance and enforcement, which have cast uncertainty over the effect that the regulation will have on the international maritime industry and on individual shipping companies. This three-part series aims…
Beth Bradley, Benjamin Bryant and Ioanna Tsekoura, of Clyde & Co, consider the challenges facing compliance and challenges to enforcement as the new Sulphur Cap looms With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and…