Legal Focus
The rise of ‘forever chemicals’ poses liability challenges for insurers
Insurers are increasingly scrutinising the PFAS liability landscape, and are likely to demand more robust disclosures, risk assessments, and evidence of mitigation
Insurers must assess exposure as commission models come under fire
The FCA’s probe into motor finance sales practices is sounding alarm bells across financial services and insurers, particularly those with products sold alongside car finance, should act now to assess exposure and strengthen oversight before the spotlight shifts further
In the age of AI, insurers are caught between efficiency gains and legal peril
Insurers that treat governance and legal strategy as integral to their AI efforts, rather than as afterthoughts, will be best positioned to succeed
Berne Financial Services Agreement creates opportunities for UK insurers in Switzerland
Comprehensive financial services treaty opens a new avenue for UK insurers to underwrite non-life insurance directly in Switzerland
Is silent AI a threat or an opportunity for insurers?
Losses that relate to AI might not fall naturally within or outside the scope of existing insurance cover, which could lead to unexpected exposures for both insurers and insureds alike
The rise of cryptoassets has wide-ranging implications for insurers
Rapid adoption of cryptoassets is likely to drive increased litigation and an upsurge in regulatory enforcement action
New pilot scheme will increase public availability of documents put before the court
The concept of ‘open justice’ has promoted a widening of non-party access rights and a new pilot initiative in the Commercial Court will substantially increase the ability of non-parties to access documents in the public domain
Risk management in the activities sector is not all fun and games
Recent cases illustrate some key lessons for companies operating in the sector and serve as a stark reminder of their duties and responsibilities
Premium hikes expose cracks in claims handling as FCA ramps up pressure
UK personal lines insurers have made progress in areas such as pricing reforms, but gaps remain in claims handling that risk eroding consumer confidence
Law relating to reimbursement of APP scams continues to develop
The insurance market has been innovative in responding to the evolving needs of banks and payment services providers with bespoke authorised push payment fraud products
A shifting pensions landscape has implications for professional liability insurers
Regulation is becoming tougher, oversight is increasing, and expectations are rising
New maritime decarbonisation technologies are impacting marine insurers
While many of these technologies are currently at early stages of development, their broader adoption will have implications for marine insurers
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