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Article 01/22/2021
Few industries illustrate the tension between the forces of supply and demand as neatly as the insurance industry: locked in a perpetual cycle of fluctuating supply – or “capacity” – with a “soft” market during periods of excess capacity, characterised by lower pricing and broader policy coverage, and a “hard” market during periods of restricted capacity, characterised by higher pricing and narrower policy coverage.
Article 01/22/2021
If 2020 was the year of the pandemic, then 2021 will be the year of the vaccine. The vaccination of millions of ‘at risk’ people against COVID-19 will finally place us firmly on the road to recovery. But this recovery will not be linear. As countries around the world go back into lockdown, we can expect many more bumps in the road.
Article 01/21/2021
Despite welcome news of several viable vaccines in production, having been approved for emergency use globally, the race to develop protections against and treatments for COVID-19 is far from over. Alongside the approved vaccines, there are more than 250 potential vaccines at various stages of development. These vaccines will require worldwide roll out in order to contain and protect against the continued spread of COVID-19.
Article 01/21/2021
On 27 June 2019, the UK became the first major economy to pass laws to end its contribution to global warming by 2050. This requires the UK to reduce all greenhouse gas emissions to net zero. Climate change has become a concern that can no longer be ignored so the UK’s implementation of international climate obligations is positive.
News 01/19/2021
Kennedys has appointed partner Sarah-Jane Dobson to its growing international products law practice. Sarah-Jane, who joins from Cooley LLP and will be based in Kennedy’s London office, specialises in litigation and regulatory matters relating to product safety, product compliance and product liability.
Case review 01/15/2021
Our previous article considered the High Court’s decision in Rowe & Ors v Ingenious Media Holdings plc & Ors. The Court of Appeal (CoA) has now provided guidance on when a court should exercise its discretion to require a voluntary cross-undertaking in damages as a condition of requiring a claimant or their commercial litigation funder to provide security for costs.
News 01/13/2021
Kennedys continues to grow in 2021, with the acquisition of Langleys’ insurance team. This sees Kennedys opening an office in Leeds, our 12th in the UK and 42nd globally. The new office will be headed up by David Thompson formerly Managing Partner and Head of Insurance at Langleys.
Article 01/12/2021
Modern slavery has become a growing concern for businesses across all sectors, becoming an issue insurers are taking seriously.
Article 01/08/2021
After such a challenging 2020, all businesses are craving more certainty in the new year. Whilst 2021 is already producing its own surprises, there is at least some certainty in the legal and regulatory issues likely to affect insurers and intermediaries in the UK. This article summarises key issues insurers and intermediaries should keep clearly on the radar in 2021.
Blog 01/06/2021
