GRM Legal & Regulation
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Increased climate-related claims activity in UK and Europe expected
The UK and Europe are expected to see increased activity in certain new types of climate-related claims, according to Lydia…
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US broker Baldwin Risk Partners files poaching suit against rival Alliant
Units of US broker Baldwin Risk Partners (BRP) units have filed a poaching lawsuit against Alliant Insurance Services and a…
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Vermont updates captive insurance law
Vermont has brought in changes to its captive insurance law, including improving the confidentiality of company information and increased funding…
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Global law report highlights increased ESG scrutiny for insurers
The increased scrutiny of ESG strategies in many jurisdictions is impacting directors’, officers’ and financial institutions’ coverage, as well as…
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AM Best restores stable outlook to QBE subsidiary ratings
AM Best has changed its long-term issuer credit rating (ICR) outlook on QBE’s international subsidiaries QBE Europe, QBE UK and…
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IAIS highlights role of supervisors in addressing nat cat protection gaps
Insurance supervisors can play an essential role in supporting disaster risk assessment and risk management practices and addressing protection gaps,…
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Australian non-life insurers urge government to remove regulatory burden
Australian non-life insurers have called on the government to remove some of the regulatory complexity from the insurance industry, which…
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DWF expands Dubai office with two new partners
DWF has expanded its Dubai office with the appointment of insurance disputes and coverage experts Victoria Clucas and Bill Evans…
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Australian insurers urge government not to ban ransom payments
The Insurance Council of Australia has said it would welcome government initiatives that improve firms’ cyber risk posture but has…
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EIOPA and ECB outline policy options to promote climate catastrophe insurance
More sophisticated frameworks need to be put in place in Europe to deal with extreme weather events including public-private partnerships…
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IAIS cyber insurance report highlights growing demand and supervisory response
Global cyber insurance premiums have continued to grow despite tighter terms and conditions and stricter risk selection, according to the…
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Broker McGriff suing former VP for contract breaches
Brokerage McGriff Insurance Services is suing a former vice president for sending confidential information to his new employer and soliciting…
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Governor DeSantis signs Florida’s tort reform bill
Florida’s governor Ron DeSantis has a bill designed to “decrease frivolous lawsuits and prevent predatory practices of trial attorneys who…
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New acting CEO appointed by NAIC after resignation
The National Association of Insurance Commissioners (NAIC) Executive Committee has appointed Andrew J. Beal as acting chief executive officer. Beal…
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Mosaic Insurance launches litigation liability coverage
An ‘after the event’ (ATE) insurance litigation liability coverage has been launched by global specialty insurer Mosaic Insurance. The cover…
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Directors likely to face ‘swathe of litigation’ over ESG risks
Increasing ESG risks are likely to result in a spike of claims against directors and drive further increases in insurance…
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Oklahoma to follow Delaware and allow captives to insure Side A D&O
US captive domicile Oklahoma looks set to follow Delaware in allowing a captive to insure Side A D&O insurance. In…
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SVB collapse sends ripples through the cryptosphere, warns Clyde & Co
Even as this article is being drafted, matters are quickly developing following the collapse of Silicon Valley Bank (SVB) on…
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Commercial property carriers suffer most US credit rating downgrades from AM Best
Commercial property insurers accounted for more than half of AM Best’s credit rating downgrades at US commercial carriers last year.…
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IAIS consults on changes to ICPs around climate-related risks
The International Association of Insurance Supervisors (IAIS) has published a consultation on climate risk with proposed changes to the Insurance Core Principles…