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Identifiable trends in LAC data protection legislation
While data protection legislation has existed throughout Latin America and the Caribbean since the early 2000s, the enactment of the European Union’s General Data Protection Regulation (GDPR) in 2018 triggered a wave of legislation in Latin America and the Caribbean, modeled after the protections and obligations enumerated within that landmark European law.
Kennedys creates pioneering insurance product to help tackle climate change
We are delighted to announce our new ground-breaking insurance product, helping to tackle climate change.
Insurers to indemnify for bulk notifications of a “problem”
In Uniting Church in Australia Property Trust (NSW) v Allianz Australia Insurance Limited, the Federal Court of Australia ruled that the insured Plaintiff was entitled to indemnity by relying on a bulk notification of a “problem”. This decision confirms several important principles related to the notification of circumstances in Australia.
Insurance forecast 2023: claims trends and future risks
Drawing on our experience across various risks, this 2023 insurance forecast report highlights some of the key trends that we anticipate will shape the insurance agenda for 2023 and beyond.
California's legislature provides new guidelines and requirements for time-limited demands
A new year inevitably brings changes to existing laws and “time-limited demands” are no exception. Parties and jurists use different names to refer to such demands, including “time limit demands,” “policy limit demands,” or “time-limited settlement offers.” They may also take the form of statutory “998 Offers to Compromise” pursuant to California Code of Civil Procedure § 998, which often seek a specific amount equal to the limits of an insurance policy.
Insurance in the crypto space: the emerging international market for insuring NFTs with a focus on the Commonwealth Caribbean
NFTs have grown in popularity as sources of ownership and investment in an increasingly digital world, thanks in part to the many successful sales of NFTs by auction houses such as Christie’s and the Commonwealth Caribbean, is not to be left behind in any respect.
Cost of living … a looming fraud crisis?
In July 2022, it was reported that Zurich UK saw a 25% increase in fraudulent property claims, with the increase in the cost of living believed to be driving a range of fraudulent behaviours ranging from using insurance policies to make money to the inception of policies to cover life’s losses after the fact.
Rewriting the risk: Addressing the challenge of climate change
Our latest global report finds that the insurance industry has a central role in building wider understanding about climate-related risks and in mitigating against those risks.
No further reform in motor claims
In a surprise to the personal injury sector, the UK Government has ditched plans for further reform of the whiplash claims process. Here, we look at the Ministry of Justice's response to issues within Part Two of the ‘Reforming the Soft Tissue Injury Claims Process’ consultation and what this means for fraudulent claims.
2022 motor transport forecast: trends and future risks
In this report, Kennedys experts explore key legal and regulatory developments, and provide an overview of the business critical topics which motor and transport insurers should consider as they plan for operational resilience in 2022.