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NEWS
Law360, London: Insurers in Britain could be on the hook for far higher losses because of the rising use by criminals of artificial intelligence (AI) tools to invent or inflate claims, lawyers have warned.
NEWS
Law360: More than half of insurance executives are not confident that the UK can maintain its position as a global financial centre over the next three years, according to data from KPMG UK, amid concerns that the pace of regulatory change is too slow.
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Law360, London: Flooding that hit central and Eastern Europe this September could cost insurers up to €2.1bn, according to recent estimates by a subsidiary of one of the world's largest insurance brokers.
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Law360, London: Insurers have hiked premiums for ships travelling in the waters around the Middle East amid the risk of insurance industry losses stemming from the Iran-Israel war, according to an analyst's report published on 24 June 2025.
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Law360, London: The government has proposed new rules that it hopes will transform the UK into a global hub for captive insurance—but experts say that with formal regulation still to come they fear that 'the devil will be in the detail'.
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Law360: McGill and Partners Ltd has established a fire safetyprogramme, designed to expand insurance capacity for buildings with combustible cladding, in response to the deadly 2017 fire at the Grenfell Tower flats in West London.
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Law360, London: Trade credit insurers are likely to have to see claims capped at US$600m for the collapse of US auto parts supplier First Brands, Morningstar DBRS said.
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Law360: Insurers should not be entitled to recover a portion of recoveries for uninsured losses, a London appeals court ruled on 22 May 2024, in a dispute over a US$15m settlement following the collapse of Hanjin Shipping.
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Law360: A group of insurers on 6 August 2025 lost their application to escape paying out US$37m to the owners of a cargo ship detained by the Indonesian navy, with the Court of Appeal ruling that the detention was not excluded from cover.
NEWS
Law360: Major insurers including Allianz, AXA and Liberty Mutual will have to face £13bn (US$16.4bn) worth of claims over planes stranded in Russia after the invasion of Ukraine as a London judge on 28 March 2024 ruled against attempts to move the claims to Moscow.
NEWS
Law360, London: The insurance industry has provided cover worth £14.9bn for more than 680 high-risk buildings during the nine months of a programme designed to expand insurance capacity for properties with combustible cladding, a trade body has said.
NEWS
Law360: A group of underwriters and insurance companies have denied they owe at least US$90m claimed by a Lloyd's of London syndicate to cover coronavirus (COVID-19) losses, arguing they have met their obligations, having already paid out around US$26.6m.