CRE Legal Regulation
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Merck ruling demands sharper focus on cyber risk management as cover tightens
The recent ruling by the New Jersey Superior court that insurers need to pay pharma giant Merck $1.4bn for losses…
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Expect further tightening in cyber cover after $1.4bn Merck award
The recent ruling by the New Jersey Superior Court that Chubb and other insurers need to pay pharmaceutical giant Merck…
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UK bars four EU financial services firms under post-Brexit regime
Four European financial services firms have been barred from conducting business in the UK, after its regulator said they failed…
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European insurers tell EC proposed Solvency II changes would add avoidable costs
The European insurance trade association has told the EC that its proposed changes to Solvency II include elements that would…
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UK to review London market regulations after push for more proportionate rules
A new UK parliamentary investigation into London insurance market regulation is an “opportunity” for more proportionate rules to secure the…
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Credit Suisse chairman resigns after Covid-19 quarantine breaches
Credit Suisse has appointed a new chairman after António Horta-Osório resigned the post because he reportedly breached Covid-19 travel quarantine…
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Facebook faces £2.3bn anti-competition class action in UK
A new class action lawsuit is seeking £2.3bn in damages from Facebook and its parent company Meta on behalf of…
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Spanish court rules in favour of doctors in Covid-19 PPE lawsuit
A Spanish court has ruled that a regional government in the country should compensate doctors forced to work during the…
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German business federation calls for state action in face of fast-rising risks
Germany’s Federal Association of Wholesale, Foreign Trade, Services (BGA) has warned that while recent trade figures show a positive trend in…
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Ferma pushes for further progress on captives in Solvency II review
Ferma has welcomed proposed changes to Solvency II that would strengthen the concept of proportionality, and in particular the creation…
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Austrian regulator says use of Google Analytics violates GDPR
The Austrian Data Protection Authority (Datenschutzbehörde or DSB) has decided in a model case brought by activist legal group noyb (My…
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Belgian risk managers focus on need for rapid response to data breaches
Belgian risk management association Belrim will focus on the need for rapid and correct action when faced with a data…
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Corporates warned of likely rise in biodiversity litigation
Biodiversity litigation is expected to rise to become the “next frontier” of environmental claims, according to law firm Clyde &…
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Airbus investors file €300m class action in Dutch court
A class action lawsuit against Airbus has accused the French airline of misconduct and is seeking €300m in damages. The…
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France fines Google and Facebook €210m for violating privacy rules
French data regulator CNIL has fined Google €150m and Facebook €60m for breaching EU privacy rules. The fines are for…
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German cartel office exercises new anti-competitive powers over Google
Germany’s competition regulator Bundeskartellamt has said it will subject Google and its parent company Alphabet to special abuse control measures…
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Bayer’s investors file €2.2bn German lawsuit over Monsanto acquisition
Bayer is facing a €2.2bn lawsuit in Germany from a group of investors over its acquisition of US agrochemical manufacturer…
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Insured loses another Covid BI ruling in US appeals court
The 2nd US Circuit Court of Appeals in New York has become the latest federal appeals court to hold that…
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Big rise in climate litigation against business and governments next year, says Clyde & Co
Clyde & Co predicts a “sharp increase” in strategic climate change litigation against European businesses and governments next year to…
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US slaps NatWest Markets with $35m fine for fraud charges
NatWest Markets, the London-based investment banking unit of NatWest, has pleaded guilty to fraud charges in the US and will…
