Insurance Notes

Scottish Appeal Court revisits first Insurance Act 2015 decision on whether an insurer had waived its right to disclosure

The Scottish Inner House has dismissed the insured’s appeal in Young v Royal and Sun Alliance Insurance Plc [2020] CSIH 25. Upholding the Outer House …

COURT OF APPEAL CONFIRMS INDEMNITY TO BE AWARDED ON A REINSTATEMENT BASIS FOR DAMAGED PROPERTY WHICH HAD NOT BEEN REINSTATED

Endurance Corporate Capital Limited v Sartex Quilts & Textiles Limited [2020] EWCA Civ 308 The Court of Appeal recently dismissed the insurer’s …

W&I Policy claims – shining a light on the Australian case of UDP Holdings v Ironshore

Now that W&I has been so widely used for a number of years, a body of notifications and claims is building. Most insurers and brokers prepare claims …

Another recycling plant fire, another non-disclosure case

Summary In Niramax Group Ltd v Zurich Insurance Plc [2020] EWHC 535 (Comm) the High Court held it was material to the assessment of a risk under an all …

COVID-19: PRESSURE POINTS: PRACTICAL TIPS FOR RENEWING YOUR BUSINESS’ INSURANCE PROGRAMME DURING THE COVID-19 PANDEMIC (GLOBAL/UK)

Many businesses renew insurance programmes at this time of year or may do so over the coming months. Renewals this year will be undertaken against the …

COVID-19: Governance: PRA and FCA confirm expectations for regulated firms under SMCR (UK)

The PRA and FCA have set out their expectations for UK-regulated firms under the Senior Managers and Certification Regime ("SMCR") in the light of the …

COVID-19: Webinar series: Legal perspectives for business

COVID-19 Governance: Regulatory impact for insurers

The COVID-19 pandemic is creating significant health, social and economic challenges world-wide, forcing governments and businesses to assess the impact …

COVID 19 - PRA and FCA guidance on key workers in financial services

The UK Government has published guidance requesting that schools and other educational institutions provide limited care for children whose parents have …

Sporting Event Cancellation Insurance: Will it play ball or be kicked into touch?

By RICHARD LIDDELL QC, 4 NEW SQUARE AND SARAH MCNALLY, PARTNER,  HERBERT SMITH FREEHILLS This article was first published …

FCA review of outsourcing by life insurers

BUSINESS INTERRUPTION AND EVENT CANCELLATIONS DUE TO COVID-19 - WHAT ARE THE POSSIBLE INSURANCE IMPLICATIONS? (UPDATED 19 MARCH)

Summary COVID-19 has been affecting life and businesses around the globe. The developments over the last few days have been moving fast: the World Health …