Risk, Re-/Insurance and Future Thinking
From the category archives:
The front page splash in The Lawyer yesterday was that EC3 law firms would be doing well out of the forthcoming “tidal wave of litigation“.
Certain of the quotes were remarkably insensitive. The comment that”the London market’s walking around with a smile on its face” from one senior partner managed to combine smugness [...]
{ 0 comments }
In the very recent (20 May 2009) case of Flexsys America L.P. -v- XL Insurance Co Ltd, the UK Commercial Court considered some interesting issues of overlap between different parts of the same overall programme, and in particular whether reinstatement provisions in the master cover could be used to provide extra cover for the same [...]
{ 0 comments }
AON are warning that fraud is on the rise and that insurance is going to face increasing claims from environmental threats, terrorism and product recalls.
They also think nano-tech is going to bite insurers.
I’d agree with fraud.
Longer term, I think the environment is going to be an issue — it already is, obviously — [...]
{ 1 comment }
Insurers should be wary of reliance on an apparently iron-clad warranty. Context is critical, and the courts will look beyond the mere words to discover the true intentions of the parties.
In Pratt -v- Aigaion Insurance Company [2008] EWCA Civ 1314, the Court of Appeal held that insurers were not entitled to rely on a [...]
{ 2 comments }
It’s deja vu all over again, at least for those of us who remember the last Big Recession.
The FSA has been reviewing advice given to customers wanting to switch into a personal pension or SIPP. Having looked at 500 cases across 30 firms, they found that 16% of clients had received unsuitable advice. [...]
{ 0 comments }
The Guardian reports on a Ryanair emergency landing which put 16 in hospital in Limoges.
Most people, I think, while scared witless, would probably expect that every so often this sort of thing “just happens”. What is markedly less reassuring, somehow (though I can’t quite put my finger on why) is that few of the [...]
{ Comments on this entry are closed }
We won the second phase of our case for RMP against Brent LBC, Harrow LBC and LAML today.
Here is the Press Release. As before, I hope to put up a more comprehensive guide to what the judgment means shortly.
London Mutuals Case: Local Authorities Cannot Sidestep EU Procurement Process
Another resounding victory for Risk Management Partners [...]
{ Comments on this entry are closed }
On April 22nd 2008 Lord Justice Stanley Burnton handed down his judgment in R (on the application of Risk Management Partners) –v– the Council of the London Borough of Brent [2008] EWHC 692 (Admin).
LAML, who were an interested party in the case, say that the court threw “out claims from the private sector that councils [...]
{ Comments on this entry are closed }
I am staggered by this. According to the British Lung Federation:
* Less than a third of tradespeople are aware asbestos exposure can cause cancer
* Only 12% of tradespeople know asbestos exposure can kill them
* Nearly a third (30%) wrongly believe most asbestos has been removed from UK buildings
* Three quarters (74%) have had no [...]
{ 0 comments }
Get smart with the Thesis WordPress Theme from DIYthemes.
