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NEWS
This week's edition of Insurance weekly highlights includes: Novitas Loans Ltd (formerly Amtrust Europe Ltd) v Amtrust Europe Ltd (trading as Sompo International); Amtrust Specialty Ltd (formerly Amtrust Europe Ltd) v Endurance Worldwide Insurance Ltd (trading as Sompo International) plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: insurers deny liability for US$911m stranded aircraft claims; insurers wrestle with ‘cyberwar’ policy exclusions; AI helping rise in UK insurance fraud, report says; fraudulent UK insurance claims topped £1bn in 2023; insurance brokers say big companies don't need consumer rules; review of Solvency II—planned PRA publication of final package of rules; cases and decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Insurers' application to withdraw Petrofac executives' cover before bribery trial; the European Commission’s request for technical advice on the retail investment strategy, plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Insurers win landmark case on COVID-19 furlough deductions; Axiom predecessor settles coronavirus (COVID-19) coverage dispute with Aviva; Lloyd's syndicate settles in US$90m COVID-19 losses claim; UK reinsurer can’t challenge Tyson’s fire coverage ruling; Zurich expects to cough up US$200m for LA wildfire claims; UK home insurance premiums rise said to be slowing; EIOPA issues guidance on insurers' foreseeable dividend deductions under Solvency II; cases and decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Chubb relies on war exclusion in US$180m Russian planes suit; Lloyd’s delays next phase of modernisation plan; Aviva sees 39% rise in insurance fraud claims; trade body sets up committee for M&A insurance market; FCA launches first-ever ESG probe into business; FCA publishes results of insurance multi-firm review of outcomes monitoring under the Consumer Duty; insurtech body calls for regulatory shakeup to fuel growth; cases & decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Insurer MS Amlin to write €110m for Ukraine war facility; the cases of Doroudvash v Zurich Insurance Plc and another, and R&B Plastering Ltd v UK Insurance Ltd; Global M&A rebound drives insurance boom, UK broker says; Chubb settles £3m building defect claim with housing association; Insurers provide £14.9bn of cover with post-Grenfell programme; UK car insurance premiums drop 17% amid lower claims; Aviva pays out £1.9bn in protection claims in 2024; FCA announces 2025–2030 strategy focusing on growth and regulatory efficiency; FCA announces regulatory streamlining plans following Consumer Duty implementation; FCA launches pure protection insurance market study; FCA urged to act as insurance finance rates still high; key cases and dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance weekly highlights includes: Fraudulent insurance claims continue to top £1bn a year; MPs call for expansion of state reinsurer to cyberthreats; FSB names insurers for resolution planning and consults on RRP guidance; IAIS launches consultation on ICS-related ComFrame standards; IAIS launches consultation on revised application papers on recovery planning and resolution; IAIS publishes updated Global Monitoring Exercise and new ancillary risk indicators; PRA publishes insurer-specific results of Life Insurance Stress Test 2025 plus key cases and dates for your diary.
NEWS
This week's edition of Insurance weekly highlights includes: Marine insurers warned of legal risks from modern slavery; Insurers face rising tide of claims from AI-driven fraud; Aviva backs AI broker’s application to tackle underinsurance; key cases plus dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: UK marine insurer investigating Baltimore bridge crash; four years on, coronavirus (COVID-19) lockdown cover claims near endgame; Supreme Court unanimously dismisses appeal against decision to assess damages for PSLA concurrently for whiplash and non-whiplash injuries; ship owners win US$37m naval detention insurance dispute; AI misuse will drive cyber insurance demand, actuary says; health and safety top risk for directors, global survey says; law firm closures hit lowest since 2019 as premiums fall; insurance tech firm can't get policy tracker patent in UK; UK insurance tax bill rises to £8.1bn amid soaring premiums; Insurance Europe warn regulators of gaps in greenwashing rules; the Financial Conduct Authority (FCA) publishes findings of a multi-firm review into insurers' valuation of vehicles; cases & decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance weekly highlights includes: PRA publishes PS13/26—Insurance third-country branches; HoL Committee launches inquiry into regulation of consumer insurance; Solvency II: Regulation on technical information for the calculation of technical provisions and basic own funds for reporting published in OJ plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: FCA calls for faster bereavement claim processing by life insurers; FCA weighing wider impact of motor finance ruling; FCA survey results reveal rise in non-financial misconduct; FOS reports surge in complaints for Q2 2024/25; UK government to increase whiplash injury tariff by 15%; IAIS publishes application paper on supervising diversity, equity and inclusion in insurance governance and risk management; CMA censures insurance agency over breaches in sales; cases and decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Fidelis denies liability for US$238m over stranded planes; insurance fraudster gets 20-month sentence for bogus claims; UK terrorism reinsurer appoints Howden, Aon as advisers; and FCA to launch market study on the pure protection market; cases & decisions; key dates for your diary; and other news highlights reported over the past week.