GRM Legal & Regulation
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January 19, 2024
Growth in North American organisations facing ESG litigation
One in ten organisations in North America experienced ESG litigation in 2023, compared to just 2% the year before, according…
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January 17, 2024
GFIA report highlights uniqueness of insurance industry
Policymakers must consider the significant differences between the insurance industry and other financial industries when considering future regulations, according to…
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January 12, 2024
Renewables manufacturers risk denial of coverage for subcontractors’ errors, lawyers warn
Renewables manufacturers and contractors have been warned that their insurance coverage is at risk if they fail to ensure sub-contractors…
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January 11, 2024
Cyber war debate rumbles on as Merck settles with insurers
Merck’s settlement with its insurers early this year draws a line under NotPetya cyber insurance coverage disputes, but insurance buyers…
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January 8, 2024
Merck and insurers settle dispute over 2017 NotPetya cyberattack
Merck has reportedly settled a dispute with insurers over the 2017 NotPetya cyberattack and related $1.4bn claim that insurers said…
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December 21, 2023
Insurance 2024: The year ahead, according to Clyde & Co
Market predictions from Clyde & Co partners around the world include: Greenwashing litigation to increase as mandatory reporting comes into…
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December 21, 2023
Bermuda passes corporate income tax legislation
Bermuda’s corporate income tax legislation has been passed by its Senate without amendment, according to local newspaper the Royal Gazette.…
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December 20, 2023
Ferma welcomes political agreement on Solvency II
Ferma has applauded the efforts of the Spanish Presidency of the Council of the EU, the European Council and the…
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December 20, 2023
Increased volume of EU class actions forecast for 2024
Clyde & Co is predicting that the EU directive on collective redress will see increased volumes of class actions, notably…
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December 18, 2023
Gallagher sues two former employees accused of being ‘double agents’
Arthur J. Gallagher has sued two former employees in the US, contending they worked as “double agents” for another brokerage…
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December 15, 2023
Agreement reached on Product Liability Directive update
A political agreement on a new EU law on liability for defective products has been reached between the European Council…
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December 9, 2023
New bill threatens capacity for corporate risks in Brazil
A bill that creates an Insurance Code in Brazil has spooked corporate insurance buyers, who fear that it may reverse…
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December 6, 2023
European legal and litigation landscape set for ‘greatest systemic shift’, warns Zurich
Zurich has warned that the European legal landscape is set to see the “greatest systemic shift” over the next few…
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December 5, 2023
Insurer sues Aon over alleged Vesttoo fraud
Clear Blue Insurance and its affiliates have sued Aon, alleging the brokerage exposed the insurer to hundreds of millions in…
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November 23, 2023
UK to follow French lead as government consults on new captive regime
The UK risk and insurance management community received good news from its government this week, which announced plans to deliver…
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November 22, 2023
Brokers Tysers and H.W. Wood fined for Ecuador bribery by US DOJ
The US Department of Justice (DOJ) has fined UK-based reinsurance brokers Tysers and H.W. Wood for paying bribes to Ecuadorian…
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November 17, 2023
SEC actions against public companies, subsidiaries up sharply
The US Securities and Exchange Commission filed 91 actions against public companies and subsidiaries in fiscal year 2023, a 34%…
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November 7, 2023
IAIS urges insurance supervisors to act over nat cat protection gaps
The International Association of Insurance Supervisors (IAIS) published its report A call to action: the role of insurance supervisors in…
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November 6, 2023
Indonesian regulator unveils insurance development roadmap
Indonesia's Financial Services Authority (OJK) has published its Roadmap for the Development and Strengthening of the Indonesia Insurance Industry 2023-2027.…
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October 27, 2023
Indonesian regulator plans to bring in compulsory insurance
The Indonesian Financial Services Authority (OJK) is currently drafting government regulations for mandatory insurance in Indonesia for mass events and…