Insurance Legislation By Helen Faulkner Legislative changes are bringing major changes to the Insurance landscape. This collection houses DAC Beachcroft's alerts on the pertinent issues.
The Insurance Act 2015 By Nick Young The Insurance Act 2015 comes into force in August 2016 and will represent a significant change to insurance contract law in this country. This collection provides practical advice and looks at various topics relating to the Act. You can save…
From bullion to bin bags: How dirty money cost NatWest £265 million By Sarah Crowther NatWest has been fined almost £265 million after pleading guilty to three charges of failing to comply with anti-money laundering regulations between 2012 and 2016. The fine could have been greater than £300 million, however deductions were made…
The sky's (not) the limit: Passenger liability in the age of the billionaire space race By Sophie Allkins A sheep, a duck and a rooster were the first recorded aircraft passengers, departing on 19 September 1783 in a hot-air balloon constructed by the brothers Montgolfier and launched by scientist Pilatre de Rozier. A mere 300 (ish) years later and in…
Credit risk cover in a marine cargo policy Court of Appeal issues judgment in ABN Amro case By Anthony Menzies ABN Amro Bank N.V. v. Royal & Sun Alliance Insurance Plc & Ors [2021] EWCA Civ 1789 The Claimant in these proceedings (the Bank) entered into commodity financing transactions, colloquially known as “repo” contracts, under which it…
A P&I Club Letter of Undertaking subject to a sanctions clause remains a “reasonably satisfactory” security, though it need not be accepted By Anthony Menzies M/V Pacific Pearl Company Ltd v. Osios David Shipping Inc (2021) [1] An arrest of a ship is a means not only of establishing jurisdiction but also of obtaining security for a maritime claim. Where ships collide the owners of each ship will be…
The impact of Google’s £3bn Supreme Court reprieve and other recent data breach decisions on solicitor firms By Catrin Davies The last month has seen significant decisions in the world of data breaches which will be welcomed by the legal profession and their insurers. The first decision of Lloyd v Google LLC [2021] UKSC 50 must be one of the most publicised cases of…
COVID-19 Claims against Insurance Brokers - Where are we now? By Marcus Campbell In our previous commentary on the impact of COVID-19 we have been keen to avoid predicting a “flood” of E&O claims against insurance brokers as a result of the pandemic. The complexity of the policy interpretation issues relating to business…
The CMA CGM LIBRA – the buck stops with the owners when a vessel is rendered unseaworthy due to a defective passage plan By Toby Vallance The Supreme Court has recently handed down its judgment on appeal in Alize 1954 v. Allianz Elementar Versicherungs AG 1 , which considered the scope of a shipowner’s obligation to exercise due diligence to make a vessel seaworthy under the…
The sweet spot in ESG By Helen Faulkner There is a considerable overlap in the environmental, social and governance (ESG) issues currently challenging the insurance industry. As well as these risks being connected, so too are the solutions. There is no denying ESG is an industry…
Drones: Misuse them, and you might lose them By Kathryn Matthews Drones or UAVs (Unmanned Aerial Vehicles), which were once used exclusively by the military when it was deemed too dangerous to send a manned aircraft, are fast becoming a feature of our modern day world. Advances in drone technology have led to…
A window of opportunity for insurance?: The regulatory sandbox has been approved in Peru By Pedro Richter Following the current foreign regulatory trend (England, Singapore and more recently in Latam, Mexico, Brazil and Colombia) favourable to regulatory sandboxes, the SBS has issued, on August 19, 2021, Resolution S.B.S. No. 2429-2021, Regulation for…
