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NEWS
Law360, London: Nine Lloyd's insurers were unsuccessful in their initial bid to avoid covering the criminal defence costs of two former Petrofac executives when a High Court judge rejected their arguments on 11 September 2026, ahead of the executives' bribery trial in October 2026.
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Law360: Government plans to introduce new pension pot models risk undermining the success of automatic enrolment and could have a negative impact on retirement saver outcomes, the Association of British Insurers (ABI) has warned.
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Law360: Insurers welcomed on 10 April 2024 revised regulations on accountants over the terms of their professional indemnity cover, saying the changes will keep costs down for firms.
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Law360, London: War-risk insurers argued on 5 February 2025 that they should not have to cover losses of aircraft stranded in Russia after the invasion of Ukraine, arguing airlines retaining the aircraft were not covered by the leasing airlines' insurance policy.
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Law360, London: Claims are increasing under insurance policies designed to protect dealmakers from unexpected liabilities identified after corporate transactions, Aon Plc has warned.
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Law360: Insurance Europe have called for their exclusion from the Late Payment Regulation proposed by the European Commission that would fix a single shorter payment period, warning that it ignores how insurance works.
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Law360, London: A multibillion-dollar trial between the biggest aircraft lessors in the world and their insurers over hundreds of planes stranded in Russia kicks off in London on 2 October 2024 in a case that could have wide ramifications for the insurance and reinsurance sector.
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Law360, London: Insurers could enjoy a boost to underwriting profitability following a decision by the UK government to adjust the way in which damages are calculated for major injury claims, ratings agencies have said.
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Law360, London: European insurers can expect a boost to revenue after Italy introduced a new requirement for businesses to buy natural catastrophe cover from the end of March 2025, a ratings agency has said.
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Law360, London: The insurance sector must improve the quality of its data to better understand risks if it is to address the anticipated growth in the cyber-market, Lockton Re has said.
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Law360, London: Limited historical evidence about major cyber-events makes it difficult to define the risks insurers face, experts have said, as they urge businesses to consider a shared approach when they describe 'one of the most' prominent dangers to the sector.
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Law360, London: Insurers might increasingly be using 'sweep-up' clauses in contracts to circumvent policyholder protections introduced in landmark legislation during 2015, Airmic, a risk management trade body, warned on 10 June 2025.