Legal
Social media cover launched by Arc Legal amid growing online defamation concerns
Arc Legal has become the latest firm to respond to the challenges posed by online defamation via social networking sites such as Twitter, by launching a social media defamation cover.
Indian watchdog hits SKS with Rs50 lakh fine
Shares in Indian finance firm SKS Microfinance fell 2.39% after it was fined Rs50 lakh by the Insurance Regulatory and Development Authority.
Post magazine – 21 February 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: Welcome to Scotland
While Scotland is keen to encourage visitors by promoting its major selling points — such as the beautiful highland scenery, Edinburgh castle, the home of golf in St Andrews and the history of quality whisky making — it should beware of introducing a…
Consultation could see Scotland get different personal injury discount rate
Insurance and legal observers are considering the possibility that different discount rate for personal injury claims could be set in Scotland from the rest of the UK.
Scottish powers already affect industry
The independence debate has been dominating headlines in Scotland, but insurers should keep in mind that the Scottish Parliament already enjoys significant power over issues that are relevant to their business.
Scottish Independence: Scot free?
With a referendum on Scottish independence due next year, will an independent Scotland cause problems for the insurance sector, or is it business as usual?
Arag grows BTE sales team
Legal insurance specialist Arag has expanded its before-the-event sales team with the recruitment of George Bladon as corporate account manager.
BP heads for two-step Deepwater Horizon civil trial
BP is to face a civil trial over the 2010 Deepwater Horizon oil disaster, after talks on a settlement with US authorities collapsed.
Co-op criticises subrogated model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having a bilateral agreement with the insurer in place since last July (www.postonline.co.uk/2188179).
Crash for cash killers to serve 32-year jail-term as "stark warning"
The legal team appointed by the insurer of a female motorist who became the UK’s first crash for cash fatality is hopeful that the lengthy custodial sentence handed down to those responsible will serve as a “stark warning”.
Laspo and new MoJ consultation to create litigation funding gap
Claimants without legal expenses insurance will face significant deductions from damages from the introduction of Legal Aid, Sentencing and Punishment of Offenders Act and findings from the Ministry of Justice’s consultation on law firms' cost recoveries…
CNC conducted ‘incomplete economic analysis’ of cartel insurers
Improper economic analysis by Spain’s competition commission led it to wrongly find eight insurers guilty of price fixing, according to legal experts.
UK court confirms 9/11 was double reinsurance event
The Commercial Court's move to uphold an earlier legal decision that the 9/11 World Trade Center attacks arose out of two events rather than one is "of considerable interest to the insurance and reinsurance market", according to law firm Herbert Smith…
Kennedys partners relocate to Dubai
Two UK-based partners from law firm Kennedys have relocated to the firm’s Dubai office amid growing demand for insurance related services in the Middle East.
Law report: No defamation over credit report
This law report was contributed by law firm Berrymans Lace Mawer
Law report: Rome II regulation on expert evidence
This law report was contributed by law firm Berrymans Lace Mawer.
Law report: Employment tribunal wrong to apportion liability
This law report has been contributed bby law firm Berrymans Lace Mawer.
Cyber Liability: Dangerous territory
As demonstrated by several Twitter-related defamation cases in 2012, unfiltered user-generated content means social media can be a libel minefield. How is the insurance industry responding to the ever-evolving risk?
North of the Border: SLC proposals look to strike balance
The Scottish government has given a manifesto commitment to reform the law of damages.
Keystone launches £1 post-LASPO legal cover
Keystone Legal has launched an after-the-event personal injury legal insurance cover renewal product.
Drive Assist saga leaves 15% of NAB’s members at risk
The National Association of Bodyshops is threatening legal action against the administrators of Drive Assist, after claiming the credit hire firm left 15% of NAB members “at risk” of running into cash flow difficulties after it went into liquidation.
Spanish court quashes €120m fines for "cartel" insurers
Spain's court of appeal for antitrust cases has quashed the €120m fine imposed by the Spanish Competition Commission on six insurance companies accused of price fixing.
Lexis Nexis expecting widespread interest in no claims database
Software firm Lexis Nexis are expecting to receive the first two contributions towards its ‘No Claims Database’ this month from insurers.