
Legal Focus

Legal Focus: Cyber readiness must start at the top for insurers and insureds
Cyber attacks are an existential threat and have the potential to affect every part of a business. Firms must therefore have readiness baked into their overall strategy – and insurers must play their part in supporting them

Legal Focus: Insurers face an uncertain time over third-party litigation funding
The enforceability of third-party litigation funding agreements has been called into question in recent months

Legal Focus: PRA's third-country consultation could mean change ahead
Firms may find the regulator’s willingness to accept a branch application is reduced, leading more firms to operate through a subsidiary

Legal Focus: Insurers must adopt carefully crafted sanctions clauses
The impact of sanctions on insurers as well as insureds can be severe and unpredictable

Legal Focus: PFAS litigation risks mount as EU claims rise
A recent rise in PFAS-related claims filed in the EU has raised questions as to whether the UK can expect to face similar litigation

Legal Focus: The shipping sector and its insurers are increasingly exposed to cyber risks
A complex regulatory environment and urgent need to decarbonise may limit the industry’s ability to invest in mitigating the rising cyber threat

Legal Focus: AI is set to transform the legal profession
Law firms need to engage with their insurers as AI becomes part of their everyday world, creating new risks

Stockwatch: WTW climbs 13% as insurance stocks rally
Insurance Day’s selected insurance and reinsurance stocks gained 2.8% on average as global equity markets rallied after a bad couple of weeks

Legal Focus: London market reinsurers may need to act as partners when covering LatAm risks
Carriers providing coverage in the Latin America market need to be aware of legal, regulatory and claims handling issues

Legal Focus: The legal profession has an ‘obligation to new generation of lawyers’ in optimising AI
Artificial intelligence technology is evolving rapidly and could radically alter the legal profession

Legal Focus: Cost of living crisis and climate change driving higher claims for insurers globally
The cost of living crisis and climate change are two of the key factors driving excess claims inflation, according to a Kennedys survey

Legal Focus: Use of biased AI models has serious implications for the insurance sector
The Bank of England has warned the use of AI models can create bias, posing a threat to the UK’s financial services sector. Understanding how those risks can emerge and how they might be mitigated will be crucial
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