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A claim brought by Mariah Re is one of few cat bonds to have been triggered, and almost as quickly went into dispute.
The recent judgment in the Longchamp case has overturned accepted industry thinking in how bunkers and crew wages are dealt with in a hijacking.
Much will no doubt be written about the main provisions of the new Counter Terrorism and Security Bill.
Last year, the P5+1 reached an agreement with Iran to suspend certain EU and US sanctions against Iran in return for a curb on Iran’s nuclear programme.
The Court of Appeal has reached its conclusions in Mitsui Sumitomo Insurance Co (Europe) Ltd & Anor v The Mayor’s Office for Policing and Crime.
Mr Justice Jay’s judgment in Milton Furniture Ltd v Brit Insurance Ltd is a ringing reminder of the importance of an insured’s compliance with policy provisions relating to security.
Two recent cases have dealt with the obligation on (re)insurers to act in a business-like manner or to take business-like steps in the course of their claims handling or settlement.’...
The UK Financial Conduct Authority has turned its glare on brokers and perceives a potential conflict of interest among those who use ‘integrated models’ as a means to boost income.
Eurokey Recycling Ltd v Giles Insurance Brokers Ltd has provided helpful guidelines regarding the duties of an insurance broker in relation to the placement of business interruption insurance.
Post-Mitchell, there followed a number of first instance cases in which judges applied the Mitchell guidance to applications for relief from sanctions.