Cyberattacks make companies and governments WannaCry
15.05.2017 |Cyber Security, Aviation, Business & Finance, Commercial Disputes, Energy, Insurance & Reinsurance, International Trade & Commodities, Shipping, Yachts and Superyachts
Whilst the reaction from both mainstream and social media was one of shock at the extent of this weekend’s global cyber-attack, for those working within cyber-security it came as little surprise.
Supreme Court explains meaning of “abnormal occurrence” in context of a safe port warranty and tackles co-insurance questions
10.05.2017 |Shipping, Insurance & Reinsurance
In an important judgment handed down on 10 May 2017, the Supreme Court has unanimously upheld the Court of Appeal’s decision of 22 January 2015 that there was no breach of the safe port undertaking in this case.
10.04.2017 |Business & Finance, Energy, Insurance & Reinsurance, International Trade & Commodities, Shipping
On 29 March 2017, the UK Government formally triggered Article 50 of the Treaty of Lisbon. A letter was hand-delivered to European Council President, Donald Tusk, setting out Theresa May’s intentions for the UK’s exit.
Supreme Court considers the application of the SAAMCO Principle
29.03.2017 |Insurance & Reinsurance
The House of Lords articulated the principle that a person under a duty to take reasonable care to provide information on which someone else will decide upon a course of action is, if negligent, not generally regarded as responsible for all the consequences of that action but only for the consequences of the information being wrong.
Aggregating claims under professional insurance policies
22.03.2017 |Insurance & Reinsurance
AIG Europe Limited v Woodman is the first judicial consideration of the proper construction of the aggregation clause in the Minimum Terms and Conditions of Professional Indemnity Insurance for Solicitors and Registered European Lawyers in England and Wales (MTC).
Are you ready for the new Insurance Competition Regime?
15.03.2017 |Insurance & Reinsurance
On 30 March 2017, the EU Insurance Block Exemption Regulation 267/2010 (IBER) will expire, removing the automatic exemption from EU antitrust rules for (a) joint compilations, tables and studies; and (b) insurance and co-insurance pools. Going forward, parties to such agreements will have to “self-assess” to ensure that their agreements comply with EU competition rules.