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Class actions related appeals heading for the Supreme Court
As in many jurisdictions, class actions are becoming more frequent in the English courts. A body of case law is building up, and that will be added to by …
Regulators extend transitional direction powers in line with Brexit delay
The FCA, Bank of England ("BoE") and PRA yesterday announced measures to extend certain UK-specific Brexit transitional relief provisions for a further …
W&I insurance: Courts confirm approach for assessing damages for breach of warranty in a SPA
Warranty and Indemnity (W&I) insurance is being used more and more widely across the breadth of global M&A activity to provide protection to …
Stormy outlook or a silver lining? EIOPA consults on principles for outsourcing to cloud service providers
The increasing threat that new market entrants might use technology to win a share of the insurance market has been forcing established insurers to …
ICO's proposed largest ever fine of £183 million against BA prompts the question: can you insure penalties imposed for breach of GDPR?
The UK's data protection authority, the ICO, has announced twice in two days this week that it proposes to levy significant fines on organisations for …
High Court awards indemnity on a reinstatement basis for damaged property which had not been reinstated
In Sartex Quilts & Textiles Limited v Endurance Corporate Capital Limited [2019] EWHC 1103 (Comm), David Railton QC sitting as a Deputy High Court …
Guideline on Cybersecurity for Hong Kong authorised insurers will come into effect on 1 January 2020
Last Friday, the Hong Kong Insurance Authority published its Guideline on Cybersecurity (GL 20) for authorised insurers. GL 20 will take effect on …
FCA calls for input on proposed cross-sector sandbox
New technologies, such as artificial intelligence ("AI") and distributed ledger technology ("DLT"), continue to have a significant impact on the way in …
First Insurance Act 2015 decision considers whether an insurer had waived its right to disclosure
Young v Royal and Sun Alliance plc [2019] CSOH 32 is the first case to be decided under the Insurance Act 2015. It was alleged that the insured had …
Court of Appeal decision provides further helpful guidance on the application of the key legal principles on notification of circumstances to claims made policies
The Court of Appeal recently allowed RSA's appeal in Euro Pools Plc (in administration) v Royal & Sun Alliance Insurance Plc [2019] EWCA Civ 808 …
Court of Appeal concludes EL mesothelioma reinsurance claims cannot be spiked
The peculiar features of mesothelioma have led the English courts and Parliament to create special rules of causation enabling employees to claim in full …
FCA concludes review of the fair treatment of with-profits customers
The FCA's thematic review of with-profits business has found "signs" that a small number of firms are in breach of its rules. Despite this, the FCA is …
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