Understanding the nuances of different insurance types is crucial for legal professionals in the Insurance & Reinsurance field. This topic provides comprehensive guidance to help you navigate the specific legalities and regulatory frameworks associated with various insurance products. Access in-depth materials designed to clarify obligations, mitigate risks, and ensure compliance, empowering you to offer informed and effective advice to your clients.
This week's edition of Insurance & Reinsurance weekly highlights includes: a statement from the ESAs calling for a supervisory approach that mitigates...
This week's edition of Insurance weekly highlights includes: the PRA’s updated statement of policy on it’s approach to the publication of Solvency II...
This week's edition of Insurance & Reinsurance weekly highlights includes: the PRA’s consultation on amalgamations and transfer guidance for friendly...
This week's edition of Insurance weekly highlights includes: PRA and FCA consult on plan to allow firms to establish their own captive insurers in the...
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...
Reinstatement of insured property after a lossWhat is reinstatement?Reinstatement is the repair or replacement of property so that it is in the same condition or a materially equivalent condition to that which it was in prior to the loss occurring. The wording of reinstatement clauses, however,
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
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some point
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
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