i-law

Insurance & Reinsurance

Insurance law in 2023: a review of developments in case law

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This review, written by Aybüke Naz Durmuş, covers important court decisions in the field of insurance and reinsurance in 2023. It addresses the most significant judgments of the year, including major appellate decisions in the area, and first instance decisions dealing with important points of principle.

Access it here: https://www.i-law.com/ilaw/doc/view.htm?id=437859

Insurance Broking Practice and the Law

Service Issue 33 (March 2024) now available

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Service Issue 33 (March 2024) of Insurance Broking Practice and the Law includes commentary on:

Arch Insurance (UK) Ltd v McCullough [2022] Lloyd’s Rep IR 137, in which a public liability policy for an outdoor motorbike race track imposed a condition precedent to cover that any claim be notified in writing “as soon as reasonably practicable”.
URS Corporation Ltd v BDW Trading Ltd [2023] EWCA Civ 772; [2023] BLR 437, which considered Pirelli General Cable Works Ltd v Oscar Faber & Partners [1983] 2 AC 1.

Also included in this service issue are developments relating to The FCA’s Consumer Duty, the FCA’s Code of Conduct (COCON), the FCA CP 23/20 outlining its proposals to introduce a new regulatory framework on Diversity and Inclusion in the financial sector, the Bank of England, the PRA and the FCA Discussion Paper 3/22, the Financial Services and Markets Act 2023 and the Insurance Distribution Directive.

The Law of Insurance Contracts

Service Issue 58 (March 2024) now available

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 Service Issue 58 can be accessed here.
   Recent case law includes: Ali v HSF Logistics Polska SP ZOO [2024] Lloyd’s Rep IR 1; Canada Square Operations Ltd v Potter [2023] UKSC 41; Infinity Reliance Ltd v Heath Crawford Ltd [2023] EWHC 3022 (Comm); KBC Verzekeringen NV v P&V Verzekeringen CVBA, Case C-286/22; Last Bus Ltd v Dawsongroup Bus and Coach Ltd [2023] 2 Lloyd’s Rep 666; Official Receiver v Shop Direct Finance Co Ltd [2023] EWCA Civ 367; R (Assurant General Insurance Ltd) v FOS Ltd [2023] EWCA Civ 1049; R (Manchikalapati) v FSCS [2023] EWCA Civ 1006; Smith v RBS [2023] UKSC 34; University of Exeter v Allianz Insurance plc [2024] Lloyd’s Rep IR 211.
  New section included (6–9) on the transfer of insurance business, and commentary includes the UK joining the Hague Convention 2019.

Professional Negligence

Service Issue 44 February 2024 now available

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Service Issue 44 (February 2024) of Professional Negligence and Liability includes updates to the following chapters:

Chapter 1 The Nature of Professional Liability

Chapter 2 Damages

Chapter 5 The Insurance of Professional Indemnity Risks

Chapter 11  Underwriting Agents: Lloyd's and Generally

Chapter 12 Financial Advisers

Chapter 16 Patent and Trade Mark Attorneys

Chapter 17 Auctioneers

Chapter 22 Public Authorities

Chapter 25 Veterinary Surgeons

Professional Negligence and Liability, edited by Mark Simpson KC, with contributions from over 50 experts, contains chapters on professions including Bankers, Architects, Surveyors, Solicitors, Financial Advisers, Accountants, Clinical Practitioners, Public Authorities and Barristers.

Current issue available

Insurance Law Monthly

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Insurance Law Monthly has been providing specialist analysis of key cases, EU Directives and updates in legislation and regulation for many years. Every month, our experts report on the most noteworthy international cases concerning issues including liability, marine, motor, property and business interruption.

The latest issue of Insurance Law Monthly is available here

Insurance Law Search

LLR: Insurance & Reinsurance

UNIVERSITY OF EXETER v ALLIANZ INSURANCE PLC

[2024] Lloyd's Rep. IR 211
Insurance (property) – War risks exclusion – Unexploded bomb discovered – Controlled explosion damaged insured property – Whether exclusion applied – Causation – Concurrent causes.

FKP COMMERCIAL DEVELOPMENTS PTY LTD AND ANOTHER v ZURICH AUSTRALIAN INSURANCE LTD

[2024] Lloyd's Rep. IR 159
Insurance (professional indemnity) – Advance costs – Allocation between insured and uninsured loss – Time at which advance costs were to be allocated – Scope of cover – Whether liability based on provision of professional services.

New book available

The Global Insurance Market and Change, 1st Edition

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The Global Insurance Market and Change focuses on the global landscape in which insurance is transacted, and where it is evolving, driven from within by transformative technologies and externally by the necessity to address risks like climate change and health crises, such as the COVID-19 pandemic.

It discusses the dynamic challenges and opportunities that lie ahead for the industry in areas such as on-demand insurance, embedded insurance, parametric insurance, autonomous vehicles, the rise of fintech, the cyber risk landscape and through initiatives driven by distributed ledger technology or blockchain solutions.

This book examines innovations in insurance driven by the industry as well as externally imposed changes and dynamics impacting the industry. It describes these changes, the industry’s responses and the legal framework in which they occur. It canvasses additional regulatory and law reform initiatives that may be necessary to achieve an effective balance between the various competing interests.

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