Insurance types

View Insurance & Reinsurance by content type:

News

Practice notes

Precedents

Q&As

Latest Insurance & Reinsurance News

Aon floats $US 3.5bn disposal after probe into Willis merger

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on Aon floats $US 3.5bn disposal after probe into Willis merger

Evaluating insurance options in light of Suez Canal blockage

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on Evaluating insurance options in light of Suez Canal blockage

USA—New Jersey pandemic insurance bill stalled

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on USA—New Jersey pandemic insurance bill stalled

Tech outsourcing risky for finance firms, insurer says

The following Financial Services news provides comprehensive and up to date legal information on Tech outsourcing risky for finance firms, insurer says

Featured Insurance & Reinsurance content

Insurance and reinsurance arbitration—an introduction

Arbitrations arising from insurance and reinsurance disputes share many common features with other types of commercial arbitration. This Practice Note...

Overview of the EU legal system

Brexit: This Practice Note contains guidance on subjects impacted by the UK’s withdrawal from the EU. As of 31 January 2020 (exit day), the UK is no...

Warranty and Indemnity (W&I) insurance in private M&A transactions—guide to the key documents

With the significant rise in the use of Warranty and Indemnity (W&I) insurance in private M&A transactions, lawyers are increasingly involved in the...

Fraud, exaggeration and LVIs in personal injury claims

DefinitionsFraudDefined in Derry v Peek as where it is shown that:'a false representation has been made (1) knowingly, or (2) without belief in its...

Practice notes

Insurance—duty of disclosure

Duty of 'fair presentation'Under the Insurance Act 2015, s 3 (IA 2015), the insured has a duty to make a 'fair presentation' of the risk to the...

9th Nov

Practice notes

Limitation—professional negligence claims

This Practice Note looks at the limitation period for professional negligence (prof neg) claims and explains how to determine the date of accrual in...

9th Nov

Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...

9th Nov

Practice notes

Motor insurance

Brexit: The UK's departure from the EU on exit day, ie 31 January 2020, has implications for practitioners considering road traffic accidents. For...

9th Nov

Practice notes

General principles of insurance contract law

What is insurance law?Insurance law can be split into three parts:•insurance contract law which governs the contractual relationship between insureds...

9th Nov

In-house

Practice notes

Insurance—non-vitiation (non-invalidation) clauses

Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...

9th Nov

In-house

Practice notes

Decennial insurance

Decennial insurance is insurance that is taken out by contractors to cover costs associated with the potential collapse of a building after completion...

Produced in partnership with David Savage of Charles Russell Speechlys LLP 12th Jan

Practice notes

Claim for subrogation—a restitutionary remedy

What is subrogation?Subrogation is an equitable mechanism aimed at preventing unjust enrichment by permitting one party to ‘step into the shoes’ of...

9th Nov

Practice notes

What is fundamental dishonesty?

This Practice Note considers fundamental dishonesty both in the context of section 57 of the Criminal Justice and Courts Act 2015 (CJCA 2015) and the...

9th Nov

Practice notes

Sanctions clauses and the effect of sanctions on insurance policies

The Practice Note entitled EU/UK financial and trade sanctions for insurers outlines the sanctions applicable to insurers, the nature of those...

Produced in partnership with Daniel Martin of HFW 12th Jan

Practice notes

Marine insurance—general principles

This Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906. It looks at the principles of...

9th Nov

Practice notes

Forms of reinsurance and terminology

The parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the reinsurer, who assumes the...

9th Nov

Practice notes

What is a contract of insurance?

This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of...

Produced in partnership with RPC 12th Jan

Practice notes

PRA Rulebook—introduction for the insurance and reinsurance sector

On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook...

9th Nov

Practice notes

Insurance conduct regulation—COBS and ICOBS

The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to...

9th Nov

Practice notes

Double insurance and contribution

Overlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover, whether deliberately or...

Produced in partnership with Susie Wakefield and Matthew Brown of Shoosmiths LLP 12th Jan

Most recent Insurance types content

Practice notes

Motor claims in the Portal—a practical guide (Stage 2 onwards)

Motor claims in the Portal—a practical guide (Stage 2 onwards)The Pre-Action Protocol for Low Value Personal Injury Claims in Road Traffic...

Produced in partnership with Sue Brown 13th May

Practice notes

The Pre-Action Protocol for Low Value Personal Injury Claims in Road Traffic Accidents—30 April 2013 onwards

The Pre-Action Protocol for Low Value Personal Injury Claims in Road Traffic Accidents—30 April 2013 onwardsTHIS PRACTICE NOTE ONLY CONTAINS...

13th May

Practice notes

Autonomous and connected vehicles—data protection and privacy issues

Autonomous and connected vehicles—data protection and privacy issuesThis Practice Note considers the following data protection, privacy and security...

Produced in partnership with Shoosmiths 11th May

Practice notes

Autonomous vehicles—timeline

Autonomous vehicles—timelineThis timeline sets out key dates and information relating to the development in the UK and Europe of autonomous and...

11th May

Practice notes

Product liability and product recall insurance

What is product liability insurance?Product liability insurance provides an indemnity to a business in respect of legal liability to the end-users of...

Produced in partnership with Sam Tacey of Cooley (UK) LLP and Richard Hopley of Cooley (UK) LLP 10th May

Precedents

Notice of assignment of insurance policies and form of acknowledgement for an assignment by way of security: single company assignor—bilateral—specific monies

Notice of assignment[To be printed on the headed notepaper of the assignor]To: [insert name and address of the relevant insurer]Date: [•]Dear [insert...

10th May

Precedents

Assignment of insurance policies: single company assignor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...

10th May

Practice notes

Shipping finance—assignment of insurances, earnings and requisition compensation

IntroductionThe main forms of standard security taken in a ship finance transaction comprise a vessel mortgage (supplemented by a separate deed of...

7th May

Practice notes

Solicitors' cyber insurance—a practical guide

Law firms make attractive targets for cyber criminals and are experiencing an increase in cyber attacks. Legal businesses hold sensitive, personal and...

Produced in partnership with Lockton Companies insurance brokers 5th May

Practice notes

Public liability insurance—basic insurance principles

Public liability insurance contractsInsuring clausePublic liability insurance indemnifies a policyholder’s liability in respect of personal injury,...

5th May

Practice notes

Autonomous vehicles and insurance

This Practice Note considers the impact of Part 1 of the Automated and Electric Vehicles Act 2018 (AEVA 2018) on the UK’s motor insurance framework,...

Produced in partnership with Hogan Lovells 5th May

Practice notes

Autonomous vehicles—key legal issues

This Practice Note considers the following issues in relation to the development and use of autonomous and connected vehicles (also referred to as...

Produced in partnership with Lucy McCormick of Henderson Chambers 29th Apr

Practice notes

Packaged Retail and Insurance-based Investment Products (PRIIPs)—essentials

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

28th Apr

Practice notes

Credit hire—common liability issues

Enforceability of contractsSome credit hire agreements have been vulnerable to attack as unenforceable where the credit hire company has failed to...

Produced in partnership with Andrew Wilson 27th Apr

Practice notes

Credit hire—disputes on quantum

Defendant insurers commonly raise issues going to the quantum of the claim for hire charges. The common areas of dispute are:•need/type•period,...

Produced in partnership with Andrew Wilson 27th Apr

Practice notes

Medco

STOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The small claims...

Produced in partnership with Sue Brown 27th Apr

Practice notes

Road traffic claims—other heads of loss

Heads of loss associated with a road traffic accident claimWhen considering potential losses in a claim arising from a road traffic accident, the...

27th Apr

Practice notes

Product liability insurance for the construction industry

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

Produced in partnership with Jonathan Spencer and Russell Cowie of Simmons & Simmons 27th Apr

Q&As

What is Products Liability Insurance?

Nature of Products Liability InsuranceProducts Liability insurance is a type of public liability insurance which typically covers sums which the...

27th Apr

Practice notes

Taking security over insurance policies

Rights under insurance policies are a type of contractual right.Lenders can take security over insurance policies by an assignment by way of security....

27th Apr