Legal & Regulation
-
December 6, 2022
Risk management and insurer groups urge US cyber backstop
A potential federal backstop for commercial cyber insurance markets in the wake of a catastrophic cyber event has drawn support…
-
December 6, 2022
German insurers report progress on ESG goals
German insurance companies have become the first in Europe to publish the carbon footprint for part of the entire industry’s…
-
December 6, 2022
EIOPA opens debate on prudential treatment of sustainability risks
The European Insurance and Occupational Pensions Authority (Eiopa) has today published a discussion paper on the prudential treatment of sustainability…
-
December 5, 2022
EU set to impose bloc-wide criminal penalties for breaching Russia sanctions
All EU countries will impose the same criminal penalties for breaches of sanctions against Russia under a new proposal by…
-
December 2, 2022
Product recalls reach 20-year high in US, finds Sedgwick
Product recalls in the US reached a 20-year high with an entire quarter of the year left, according to the…
-
December 2, 2022
EU organisations with voluntary affinity schemes likely to need broker licence after ECJ ruling
Companies that distribute group voluntary insurance schemes to customers in Europe, such as optional extended warranties, are being urged by…
-
December 1, 2022
ESG is worth it… despite the global meltdown
The Commercial Risk team arrived in Antwerp this week to host our latest annual conference, with Belgian risk and insurance…
-
December 1, 2022
Belgian and Dutch risk managers warned to prepare for delayed whistleblower laws
Belgian risk and insurance managers have been advised to take action to prepare for the country’s delayed transposition of the…
-
December 1, 2022
European packaging sector faces up to radical change through new EC waste rules
The European Commission (EC) has proposed a new set of EU-wide rules on packaging that it hopes will tackle “this…
-
December 1, 2022
Bank Julius Baer fined £18m for improper Russian oil commissions
UK regulator the Financial Conduct Authority (FCA) has fined Swiss private bank Julius Baer International (JBI) £18m for breaches of…
-
December 1, 2022
European court erases years of progress in battle against dirty money, claims Transparency International
The Court of Justice of the European Union (CJEU) has set back the fight against cross-border corruption by years, according…
-
November 30, 2022
Water companies face untreated sewage claim in English class action
A class action seeking damages for alleged unlawful discharges of untreated sewage and wastewater into England’s waterways has been filed…
-
November 30, 2022
EC failing to deliver SME-proofed regulatory regime, claim business groups
Rules introduced by the European Union to lighten the regulatory burden on small and medium-sized businesses are not being applied…
-
November 30, 2022
EU to widen cybersecurity rules with NIS2 Directive
The EC has adopted the NIS2 Directive to strengthen cyber resilience across the EU and widen cybersecurity rules across the…
-
November 29, 2022
Irish data regulator fines Meta €265m for Facebook GDPR breaches
Meta-owned Facebook has been fined €265m by the Irish Data Protection Commission (DPC) for breaching Europe’s General Data Protection Regulation…
-
November 29, 2022
Corporate Sustainability Reporting Directive gets green light for 2024
The EC has given the Corporate Sustainability Reporting Directive (CSRD) its final green light and more companies operating in the…
-
November 29, 2022
SEC awards $20m to whistleblower
The US Securities and Exchange Commission (SEC) is awarding $20m to a whistleblower who provided “new and critical” information that…
-
November 28, 2022
Risk managers and internal auditors must work closer with boards on sustainability, says Ferma
Boards of directors need to work more closely with risk managers and internal auditors to meet sustainability challenges faced by…
-
November 25, 2022
European companies call for emergency measures on energy and regulatory breathing space
The presidents of BusinessEurope’s 40 member federations have called for more support in the ongoing energy crisis as European companies…
-
November 25, 2022
Marsh’s Lay urges new UK regs to boost captives
Regulation is holding back the UK captive market and needs to change, according to Marsh UK and Ireland CEO Chris…