CRE Legal Regulation
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September 21, 2021
Hiscox doesn’t have to cover legal fees in dismissed US whistleblower case
A company that faced significant legal fees stemming from a whistleblower lawsuit that was ultimately dismissed does not have coverage…
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September 20, 2021
Convex gets green light for Luxembourg subsidiary to serve EEA clients
Specialty (re)insurer Convex Group has established a new European subsidiary following regulatory approval for Luxembourg-based business Convex Europe SA (CES).…
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September 20, 2021
Policyholder firm Fenchurch Law appoints new associate as disputes rise
Fenchurch Law, which works exclusively for policyholders and brokers, has appointed Anthony McGeough as associate from Edwin Coe, in response…
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September 20, 2021
Aon granted partial injunction in US trade secrets suit
A federal district court in Chicago has agreed to grant Aon a partial injunction in litigation it filed last year…
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September 15, 2021
Systemic event-driven protectionism set to make life more tricky for multinational insurance buyers
Protectionism is set to rise yet further on the back of the pandemic and other systemic events, making insurance regulations…
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September 14, 2021
French Supreme Court reinstates human rights charges against Lafarge for ISIS crimes
France’s Supreme Court has ordered construction firm Lafarge to face charges of complicity in crimes against humanity by Islamic State,…
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September 13, 2021
German firms face criminal action for alleged human rights abuse in China
The Berlin-based European Center for Constitutional and Human Rights (ECCHR) has filed a criminal complaint in Germany against several high-profile…
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September 13, 2021
RiskBusiness launches compliance checker ahead of new EU-US data law
Compliance solutions firm RiskBusiness has launched a new GDPR Equivalency Checker, which specifically targets European companies caught by changes to…
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September 13, 2021
Judge rules hotel chain’s Louisiana Covid-19 BI claims can proceed against Zurich
A Connecticut, US state judge has refused to dismiss Covid-19 business interruption (BI) litigation filed against Zurich Insurance by a…
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September 10, 2021
EU financial supervisors call for fast action on cyber resilience framework
European supervisors have warned financial services firms and their national regulators that rising cyber risk demands a “swift” EU-wide common…
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September 9, 2021
Exclusive: German multinationals still face double insurance tax says Finance Ministry clarification
German multinationals with insured risks outside of the European Economic Area (EEA) will still face double taxation in non-EEA territories…
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September 9, 2021
GVNW’s Mahnke renews call for state-backed solutions for systemic risks
Alexander Mahnke, chairman of the German risk and insurance managers’ association GVNW, has renewed calls for a public-private partnership (PPP)…
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September 9, 2021
Judge rules Boeing’s directors must face shareholder action for Max plane crashes
A US judge has ruled that shareholders can pursue Boeing’s directors following two fatal crashes involving its 737 Max plane,…
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September 7, 2021
Allianz reportedly faces BaFin probe into Alpha Funds debacle
News agency Reuters reports that German financial regulator BaFin has launched an investigation into Allianz over the collapse of its US-based…
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September 6, 2021
US court rules against Hartford unit in cyberscam case
A federal US appeals court has reversed a lower court and ruled a Hartford Financial Services Insurance unit must indemnify…
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September 3, 2021
Irish authorities raise WhatsApp GDPR fine to €225m after European regulator steps in
Messaging service WhatsApp has been fined €225m for GDPR breaches by Ireland’s Data Protection Commission (DPC), which is significantly higher…
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September 2, 2021
KPMG and partner face misconduct charges over Carillion audit probe
KPMG and several employees have been issued with a misconduct disciplinary by the UK’s Financial Reporting Council (FRC), which said…
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September 2, 2021
Corporates and insurers face growing liability from forever chemicals
Corporates and their insurers face a threat from growing liability related to so-called ‘forever chemicals’, amid mounting regulation and a…
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September 1, 2021
Indemnity Legal boosts policyholder team with Curran hire and new office
Boutique law firm Indemnity legal has hired policyholder insurance litigation specialist John Curran as partner from Fenchurch Law and is…
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August 31, 2021
Two in five UK workers deterred from legal action by fear of victimisation
Nearly 40% of workers in the UK would be deterred from taking legal action against their employer by fears of…