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NEWS
Law360: QBE UK has said the gender pay gap has fallen across its organisation and is below the wider gap seen in the insurance industry, despite the gender bonus divide remaining 'an issue' at the insurer.
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Law360, London: Insurer Tokio Marine said on 4 April 2022 that it will not pay out on multiple insurance policies in connection with Greensill Capital, the finance firm that collapsed more than a year ago, alleging that they were fraudulently obtained.
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Law360, London: The owners of a bulk carrier cannot recover US$1.27m from a cargo insurer over a grounding off Turkey, after a court ruled that the vessel was unseaworthy due to the incompetence of the ship's master.
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Law360: England's Court of Appeal said 9 May 2024 that an insurer should not have to pay out £8.3m after a ship crashed into an oil platform, throwing out a legal challenge by a French engineering company.
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Law360: Specialist insurance company Compre Group said that it has acquired two portfolios of European casualty and motor liabilities in two separate deals, reinsuring approximately €200m of reserves across France, Germany, Italy and the Netherlands.
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Law360: The new government should 'hit the ground running' with changes to automatic enrolment regulation, an insurer has said, as it set out four potential areas of reform that could dramatically boost pension savings.
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Law360, London: An insurer has denied having to cover £4m in losses run up by the operator of the Dirty Martini cocktail bar chain during the coronavirus (COVID-19) pandemic, saying that the business interruption policy covers only the first national lockdown.
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Law360, London: PureGym's insurer has issued a £2m counterclaim against the health club over its bid for a water damage insurance payout at one of its gyms, alleging PureGym knew of upcoming building works but did not disclose it.
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Law360, London: Digital risk insurer Coalition has launched what it says is the UK's first dedicated service for recovering cash stolen from cyberattacks—and has already recouped £1.4m for a law firm.
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Law360: A motor industry insurer exploited an opportunity to provide warranties to a car dealership at the expense of the warranty provider that made the introduction during ill-fated merger talks, a London court ruled on 9 February 2024.
NEWS
Personal Injury analysis: Isaac Hogarth, barrister, of 12 King's Bench Walk, examines a High Court master's refusal to grant the claimant motor insurer a declaration that it was not liable to indemnify the first defendant, who had crashed someone else's car. The claimant insurer had sought a declaration even though the first defendant had a policy with the claimant which covered his driving other cars (DOC). The master also set aside the claimant's notice of discontinuance.
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Law360: A London judge on 6 August 2024 dismissed an insurer's application to strike-out a claim from a housing association over the insurance company's alleged failure to cover additional costs after a building contractor went bust, ruling that the action was not time-barred.