Legal & Regulation
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London market brokers choose Belgium as top EU base for post-Brexit business
Almost one quarter of London market brokers have set up a base in Belgium to continue operating in Europe after…
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India’s insurance regulator mulls pandemic risk pool
The Insurance Regulatory and Development Authority of India (IRDAI) is looking at the introduction of a pandemic risk pool. A…
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South African regulator studying UK court ruling on business interruption
South Africa’s Financial Sector Conduct Authority (FSCA) is studying the UK court ruling on business interruption (BI) policy wordings, in…
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FCA tells insurers to settle BI claims as quickly as possible
The UK regulator has told insurers to settle Covid-19 business interruption (BI) claims clarified in last week’s High Court judgment…
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UK government issues proposals to tackle illegal deforestation in supply chains
Concerns around climate change and the environment continue to move up the corporate agenda as governments and businesses are becoming…
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Insurers urge EC to adopt light-touch approach to AI regulation
Insurance Europe, the European insurance industry’s representative body, has called on the European Commission to adopt a voluntary approach to…
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Fitch agrees with rivals that High Court BI ruling poses limited threat to insurers
Fitch Ratings today joined rival ratings agencies in stating that the High Court's ruling on business interruption (BI) claims caused…
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High Court BI ruling only ‘start of the battle, not the end’ warns Mactavish
Mactavish, the specialist outsourced insurance buyer and claims resolution consulting firm, this week poured cold water on the idea that…
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RIMS joins fresh push for government-backed pandemic scheme
Patrick Sterling, RIMS board director and senior director of legendary people and risk management at restaurant chain Texas Roadhouse, has…
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Credit agencies say FCA ruling is material but no solvency fears
Credit ratings analysts agree that the High Court ruling on business interruption (BI) coverage for Covid-19-related losses will have a…
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Airmic and broker associations welcome High Court BI ruling
Airmic, the UK risk and insurance management association, has welcomed the landmark High Court ruling on business interruption (BI) insurance,…
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Guarded insurer response to FCA ruling suggests appeal is likely
The UK's insurance industry representative associations and Lloyd’s have understandably issued a more guarded response to the High Court ruling…
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Insurers count cost of Covid-19 BI judgment
Insurers are reassessing their liability exposures to business interruption (BI) claims following yesterday’s “complex” High Court judgment on BI wordings…
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High Court finds in favour of policyholders on key BI test case issues
The High Court has largely found in favour of policyholders in a crucial test case aimed at resolving disputed Covid-19-related…
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CII calls for action to avoid future coverage disputes
The Chartered Insurance Institute (CII) has called on the UK government and insurance industry to take action to avoid future…
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German insurers ready to back green recovery but incentives and rule changes needed first
The EU Commission aims to mobilise €1trn of investment for its Green Deal over the next 10 years as part…
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AM Best says AGCS ratings stable after S&P downgrade
AM Best has affirmed the A+ financial strength rating of Allianz and subsidiary Allianz Global Corporate & Specialty (AGCS), and…
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Changing tariffs affect Indian global property programme local policies, says Willis Towers Watson
Global property programme local policies in India will require increased attention as a result of changing tariffs in the Indian…
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Insurance Europe highlights impact of Covid-19 on insurance industry
The European insurance industry has remained solid throughout the pandemic, with firms generally maintaining their solvency positions. although it has…
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French corporations face healthcare cost rise if new tax adopted
The French Insurance Federation (FFA) has voiced its opposition to a recent announcement by the national health minister and minister…