The English Court has, for the first time, considered the meaning of a “catastrophe”, as well as how Hours Clauses work in the context of non-damage business interruption losses claimed under two Property Catastrophe Excess...more
2/14/2024
/ Appeals ,
Arbitration ,
Arbitration Awards ,
Business Interruption ,
Business Losses ,
Commercial Insurance Policies ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Denial of Insurance Coverage ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Occurrence ,
Policy Terms ,
Reinsurance ,
UK
In XL v Little (May 2019), the Commercial Court granted a final anti-suit injunction to prevent Mr Little, a US individual, from bringing his D&O claim in New York in breach of the insurance policy’s London arbitration...more
This is our pick of the key recent legal and regulatory issues affecting the insurance and reinsurance sector.
Non Party PI Insurers Liable for Costs -
In the January 2019 case of Various Claimants v Giambrone the...more
3/4/2019
/ Amended Legislation ,
Arbitration ,
Covered Agreement ,
Denial of Insurance Coverage ,
EU ,
Indemnity Insurance ,
Insurance Industry ,
Insurance Litigation ,
NAIC ,
Product Defects ,
Regulatory Standards ,
Reinsurance ,
SMCR ,
UK ,
US-EU Covered Agreement