Legal
Marshmallow accused of pilfering trade secrets in Mulsanne legal row
Mulsanne has accused Marshmallow of stealing its trade secrets and other breaches in a legal row that has seen a judge order the broker to disclose underwriting information.
Blog: Do NDAs stop insurance staff from flagging workplace discrimination?
Claire Dawson, partner at specialist employment law firm BDBF, considers how employers are using non-disclosure agreements – and what insurance employees should do if they have been harassed or discriminated against at work.
Analysis: The Scottish redress Bill's waiver conundrum
Scotland's redress Bill was passed by the Scottish parliament in March and sets out a fresh way for residential care abuse survivors to access compensation. But attempts to involve insurers and encourage organisations to contribute have left it with a…
HDI Global Specialty files legal case against Arron Banks' Legal Protection Group
HDI Global Specialty has filed a case at the High Court seeking a declaration from Legal Protection Group that their run-off agreement has ended.
Lawyers appointed as Tokio Marine Kiln faces BI group action lawsuit spearheaded by Marco Pierre White business
Tokio Marine Kiln is facing a group action lawsuit from businesses in the hospitality sector, including Marco Pierre White's Black and White Hospitality, that claim their policies provide cover for losses suffered during last spring’s Covid-19 lockdown.
Editor’s Comment: We are not in the same boat
As the anniversary of the first national lockdown where Prime Minster Boris Johnson told us to “stay at home” on 23 March 2020 came around Post spoke to host of insurance workers – the home-schooling parent, the mental health expert, the medical…
'Me Too' moment for education could lead to claims on schools' liability policies
A ‘Me Too’ moment in the education sector could lead to claims against schools that trigger insurance coverage, a specialist abuse lawyer has told Post.
Analysis: Brokers face PI exclusion dangers
Compliance consultants have highlighted the dangers for brokers of buying professional indemnity insurance with Covid-19 exclusions, warning that the Financial Conduct Authority can suspend permissions if firms do not get the right cover
Atlanta acquires Marmalade; Aviva in SME cyber push; Greenlight seals 13th insurtech deal; and Zurich launches flood pilot
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Former Alpha directors sued as liquidators allege unrated insurer was insolvent a year before collapse
Two former directors of failed Danish insurer Alpha are facing a DKr200m (£22.9m) lawsuit brought by the firm’s liquidators for allegedly misrepresenting the financial condition of the company a year before its collapse in 2018.
Blog: Why 'in theory' is not enough - sexual abuse claimants and the insurance industry
Tensions between abuse survivors and insurers have always been high. Dr Julie Macfarlane, a distinguished University Professor and Professor of Law (Emerita) at the University of Windsor and the Director of the National Self-Represented Litigants Project…
Marsh Commercial confirms settlement reached in DRP legal dispute
The legal dispute between Marsh Commercial and David Roberts & Partners is over with the terms of the settlement being kept confidential, Marsh Commercial has confirmed.
Six jailed as motor trade policies facilitate drugs trafficking
Six members of a Bristol-based organised crime group who fraudulently used trade motor insurance policies to help traffic drugs have been sentenced to a combined 18 years and eight months in prison.
Ever Given losses likely to be hundreds of millions not billions, say ratings agencies
The unblocking of the Suez Canal just under a week after MV Ever Given ran aground and the apparent absence of damage to the boat, its cargo and from pollution will limit losses to hundreds of millions of dollars rather than billions, ratings agencies…
Ratings agencies stable on CNA after cyber attack
AM Best and Fitch have both maintained their ratings for CNA Financial Corporation with a stable outlook after the insurer suffered a sophisticated cybersecurity attack on 21 March.
Aviva completes 'refocus' with sale to Allianz; Axa and Tesco join forces; Chubb takeover rebuffed and Bought By Many enters US
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Blog: A wrong turn on the road out of lockdown?
The resumption of outdoor sports from 29 March is perhaps surprising given the risk that it creates for the spread of Covid-19, says BLM's partner for occupational disease Simon Morrow.
Court case thwarted BI claims solution that was just two weeks away, says Ardonagh’s Ross
A coalition of brokers working with Hiscox was just two weeks away from solving the problem of Covid-19 business interruption claims but the court case cut the legs off the solution, Ardonagh CEO David Ross has claimed.
Allison Carr named CEO of Davies’ Keoghs
John Whittle, CEO of law firm Keoghs, will retire from the business with Allison Carr named as his successor.
Covéa files complaint against Scor CEO Denis Kessler
Covéa has filed a complaint against Scor CEO Denis Kessler, in a move blasted by Scor as “deceitful and groundless”.
Professor Tony Maden cleared on two counts in insurance expert witness complaints
Professor Tony Maden has been cleared in two investigations by the General Medical Council over fitness to practice relating to complaints submitted by non-recent child sexual abuse claimants.
CNA confirms systems disconnection after 'sophisticated cybersecurity attack'
CNA Financial Corporation has confirmed being hit by a sophisticated cybersecurity attack on Sunday causing network disruption and impacting some of its systems including corporate email.
Blog: Insurance implications of the Uber Supreme Court ruling
In February the Supreme Court ruled that Uber drivers are considered to be workers rather than self-employed, with potentially serious implications for insurance, says Stuart Toal, Allianz casualty account manager, technical.
Insurer test case BI claims payouts to March revealed
Data released by the Financial Conduct Authority shows that up to 3 March insurers had paid out £192m towards interim payments and £279m to settle Covid-19 related business interruption claims affected by the regulator’s test case, with Covéa leading the…