Legal & Regulation
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August 30, 2022
Financial services face mounting compliance risk as they battle to keep pace with regulation
Three quarters of global financial services firms expect regulatory activity to increase further in the next year but most don’t…
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August 30, 2022
Insurer wins Covid BI ruling in Washington as insured wins Californian case
Washington became the fifth US state supreme court to rule in insurers’ favour over Covid-related business interruption (BI) litigation, when…
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August 23, 2022
What next for talc litigation?
On 11 August Johnson & Johnson (J&J) announced that it is to stop global sales of its talcum-based powders in…
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August 18, 2022
Buyers’ side Fenchurch Law boosts north of England team with two hires
Fenchurch Law, the UK firm that only works for policyholders and brokers, has expanded its team with two new appointments…
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August 17, 2022
EU clarifies ban on carrying and insuring Russian fertilisers and coal applies worldwide
The EU has made clear to EU-based shipowners and the international marine insurance community that its new rules on carrying…
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August 12, 2022
Inflation and supply chain problems spark Kemper downgrade
The first half 2022 insurer and reinsurer results have been dominated by two key themes: financial market volatility leading to…
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August 12, 2022
European insurers warn against rushed implementation of sustainability standards
Europe’s insurers have welcomed the recently published draft European Sustainability Reporting Standards (ESRS) but have warned against a rushed implementation…
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August 12, 2022
Gallagher’s motion for temporary restraining order against Alliant in poaching suit denied
The federal district court in Chicago has denied Arthur J Gallagher’s motion for a temporary restraining order against Alliant Insurance…
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August 12, 2022
Global insurers begin issuing local Ukrainian policies after pulling back
Global insurers are beginning to write Ukrainian risks again under local policies as the market stabilises, having pulled back from…
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August 11, 2022
Marsh files poaching suit against Lockton and former innovation officer
Marsh has filed a poaching lawsuit against Lockton and the official who led its special purpose acquisition group, charging violation…
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August 10, 2022
Strong ERM helps protect European insurers’ solvency ratios from investment losses: AM Best
Half year results posted by most European insurers have been hammered by investment losses directly caused by financial turmoil following…
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August 10, 2022
Dutch insurers keeping ‘finger on the pulse’ as Solvency II review hots up
The Dutch Association of Insurers (VVB) has promised members that it will “keep its finger on the pulse” as members…
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August 9, 2022
Europe’s insurers back ELD review but warn against mandatory coverage
The European Commission’s current review of the Environmental Liability Directive (ELD) must not undermine the availability of insurance or the…
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August 8, 2022
Appeals over Australia’s Covid-19 BI test case ruling set for court
Australia’s High Court will hear appeals from two policyholders and carrier IAG following a ruling by the country’s Full Court…
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August 8, 2022
Brokers and buyers welcome IUA’s new model FINC clause
The International Underwriting Association’s (IUA) new model financial interest cover (FINC) clause has been welcomed as a major step forward…
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August 3, 2022
Lloyd’s sponsors second PCC to bring more options to customers and investors
Lloyd’s has received regulatory approval to set up a second protected cell company (PCC) to enable easier access for investors…
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August 3, 2022
Italian insurers team up with public prosecutor to combat fraud
Ania, the Italian insurance association, and Milan’s Public Prosecutor’s Office have signed a protocol that establishes collaboration between the association,…
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August 2, 2022
Gallagher files another poaching suit against Alliant
Arthur J Gallagher has filed another poaching lawsuit against Alliant Insurance Services in the US, alleging that eight Chicago Gallagher…
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August 1, 2022
Paramount and Chubb settle over Mission Impossible 7 Covid delays
Paramount Pictures has settled its coverage litigation with a Chubb unit over Covid-19-related delays in the production of its Mission…
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July 25, 2022
German insurers say BI losses from gas shortages not covered
The German insurance association (GDV) has announced government-ordered emergency gas rationing because of shortages caused by the war in Ukraine…