Warranty and indemnity insurance (W&I) in recent years has become a customary aspect of private equity and other M&A transactions, with investors well aware of the deal-enabling benefits (in particular, the transfer of risk...more
As the COVID-19 pandemic spreads across the globe, so does uncertainty. Landlords and tenants are facing unprecedented impacts on their businesses, and it is no surprise in this environment that both parties are looking to...more
COVID-19 has already had a significant economic impact, which is likely to increase as Wuhan- and Italy-style lockdowns of large regions are implemented in other areas across the globe....more
3/11/2020
/ Best Practices ,
Business Continuity Plans ,
Business Interruption ,
China ,
Commercial Insurance Policies ,
Coronavirus/COVID-19 ,
Crisis Management ,
Emergency Management Plans ,
Infectious Diseases ,
Insurance Claims ,
Liability Insurance ,
Policies and Procedures ,
Policy Terms ,
Public Health ,
Risk Management ,
Triggering Event
In the first judgment to provide guidance on the allocation of mesothelioma liabilities at a reinsurance level, the Court of Appeal in Equitas Insurance Limited v Municipal Mutual Insurance Limited [2019] EWCA Civ 718 has...more
6/4/2019
/ Allocation of Liability ,
Appeals ,
Asbestos ,
Asbestos Litigation ,
Employer Liability Issues ,
Good Faith ,
Mesothelioma ,
Recoupment ,
Reinsurance ,
Toxic Exposure ,
UK
On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more
2/21/2019
/ Consumer Insurance Products ,
Cross-Border Transactions ,
EIOPA ,
EU ,
European Economic Area (EEA) ,
Financial Services Industry ,
Insurance Regulations ,
Member State ,
NCAs ,
No-Deal Brexit ,
Transitional Arrangements ,
UK ,
UK Brexit
On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more
FCA publishes final guidance on regular premium PPI complaints and new consultation on mailing rules....more
11/13/2018
/ Consumer Complaint Management ,
Consumer Insurance Products ,
Disclosure Requirements ,
Final Guidance ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Regulations ,
Payment Protection Insurance ,
Sales Commissions ,
Transparency ,
UK
On 24 October 2018, the FCA published a report on the progress of its consumer communications campaign on PPI mis-selling (the “CCC”) and its supervision of the manner in which firms are handling PPI complaints....more
11/7/2018
/ Complaint Procedures ,
Conflicts of Interest ,
Consumer Credit Act ,
Consumer Insurance Products ,
Failure To Disclose ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Regulations ,
Ombudsman ,
Payment Protection Insurance ,
Sales Commissions ,
UK
FCA Consultation Paper 18/18 -
On 4 July 2018, the FCA released a Consultation Paper providing guidance and seeking responses on PPI mis-selling complaints, and the issue of recurring non-disclosure of commissions. ...more
On the morning of 2 March 2017 the FCA published PS 17/3 (the “Policy Statement”), its response to feedback on its proposals regarding the handing of Payment Protection Insurance (“PPI“) mis-selling complaints. The FCA’s...more