Searching Content indexed under Insurance by CMS Cameron McKenna Nabarro Olswang LLP ordered by Published Date Descending.
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The Potential Impact Of Hurricane Sandy On Insurers And Reinsurers
Just as reinsurers were heading towards the end of a relatively benign hurricane season, Hurricane Sandy, which has already tragically claimed at least 13 lives in the US in addition to 66 lives in the Caribbean, has brought much of the US East Coast to a virtual standstill.
United States
5 Nov 2012
Insurance: Iran Sanctions
Last week saw the Council of the EU strengthen its position on Iran in the wake of similar US measures over the summer.
30 Oct 2012
Facultative Reinsurance - Jurisdiction And The Nature Of The Relationship
Parties involved in the placement of facultative reinsurance of overseas risks into the London Market will be interested in the outcome of a recent appeal on two levels.
24 Oct 2012
Insurance: Coverage Defences Across Europe
Our recently published guide to coverage defences in Europe provides an overview of the key coverage defences under the law of England and Wales and the extent to which these defences are available to insurers in other European jurisdictions.
16 Oct 2012
Insuring Transfer Pricing Risk - Nailing The Jelly To The Wall
Quantifying transfer pricing risk is often seen as something of a dark art, and this has played no small part in exclusion of TP exposure from insurance of corporate tax liabilities, a valuable source of business for insurers and brokers alike.
20 Sep 2012
Insurance Authorisation Norms In Romania
We would like to inform you of a recent and important change in Romanian insurance legislation. By Order no.16 of 24 August 2012, the Insurance Supervisory Commission has enforced new "Norms regarding the authorisation and functioning of insurers".
14 Sep 2012
Early Surrender Charge Upheld By Court Of Appeal
Insurance companies may, as a general rule, charge policyholders for early surrender of their investment as long as the amount charged is justified by the costs involved.
23 Jul 2012
New Insurance Tax
An insurance tax bill has been adopted by Parliament and will come into force from 1 January 2013, subject to it being signed by the Hungarian president.
16 Jul 2012
Insurance Law Reform: Proposals For Business Insurance
As part of their joint review of insurance contract law, the English and Scottish Law Commissions have published their third and final Consultation Paper proposing reforms to business insurance law.
3 Jul 2012
How To Demand Payment For Insurance
How should a demand for the payment of rent be sent?
20 Jun 2012
Insurance: Damage To Property And 50/50 Clauses
A recent case has confirmed that 50/50 clauses in policies covering the same risk.
18 Jun 2012
Ted Baker v AXA - Fashion Mishap For AXA
As part of a stock-take, Ted Baker realised that it had suffered a substantial loss of stock from its London warehouse.
18 Jun 2012
A Critical Stage In The Eurozone Crisis?
The failure of the recent election in Greece to produce a workable government and the rise to prominence of Syriza, a left wing party which campaigned on an anti-austerity message, has led a renewed focus on Greece’s future and that of the Euro itself.
European Union
8 Jun 2012
Regulation Of Sale Of Life Insurance Policies Linked To Consumer Credit Contracts
On 3 May 2012, the Italian regulator ISVAP issued Regulation n.40, which regulates the sale of life insurance contracts linked to consumer credit contracts.
6 Jun 2012
Breach Of Warranty: The Insurer's Burden Of Proof
The claimant owned an aggregate processing plant on the Thames, near Greenwich. A serious fire broke out at the plant in February 2008.
16 May 2012
Cyber Attacks: Insurers Seeking To Develop Risk Management Standards
In a recent FT article, Janet Williams, the lead on cybercrime initiatives for the Association of Chief Police Officers, commented that insurers should agree only to provide cover against cyber attacks to companies that meet a minimum cyber defence Kitemark standard.
16 May 2012
Fixed Protection And Life Cover – "As You Were?"
We recently highlighted an issue relating to the potential loss of fixed protection under life cover arrangements.
9 Apr 2012
Solicitors’ PI – Recovery Of Costs From Former Employee
The recent decision in (1) Travelers Insurance Co Ltd (2) Denton Wilde Sapte v Gauri Advani [2012] concerns the recovery of defence costs from an insured former employee of a firm of solicitors, where the employee's conduct was "plainly dishonest".
9 Apr 2012
New Consumer Insurance Act Receives Royal Assent
The Consumer Insurance (Disclosure and Representations) Act 2012 received Royal Assent yesterday and is expected to come into force in a year’s time.
15 Mar 2012
Insurance Law Reform: Responses To The Law Commissions’ Second Consultation
Responses to the Law Commission and Scottish Law Commission’s second consultation paper on proposals to reform insurance contract law are sought by 20 March 2012.
15 Mar 2012
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