Uncover the challenges and solutions related to insolvency within the insurance sector. This topic offers practical advice on navigating insolvency proceedings, restructuring, and the impact on policyholders and creditors.
This week's edition of Insurance weekly highlights includes: EIOPA publishes technical specifications for small and non-complex insurance undertakings...
Law360, London: A group of war-risk insurers can challenge their liability in a multibillion-dollar dispute over hundreds of aircraft stranded in...
This week's edition of Insurance weekly highlights includes: UniCredit Bank GmbH, London Branch v Constitution Aircraft Leasing (Ireland) 3 Ltd;...
This week's edition of Insurance weekly highlights includes: Novitas Loans Ltd (formerly Amtrust Europe Ltd) v Amtrust Europe Ltd (trading as Sompo...
Public liability insurance—essentialsPublic liability insurancePublic liability insurance is a form of liability insurance that indemnifies a...
Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation...
Insurable interestThis Practice Note considers insurable interest, including insurable interest in construction and liability insurance. It also...
Insurance agents and brokersWhat is the difference between an agent and a broker?Where insurance is transacted through an intermediary, that...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
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