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Insurers and consumers alike are seeing the emergence of cryptocurrency in their daily lives. As increasing numbers of companies worldwide begin using bitcoin and other digital assets for a host of investment, operational, and transactional purposes, it raises an important question: How is cryptocurrency defined for the purposes of insurance coverage?
We asked Thomas Seery to give some insight into his role as an Associate in our Philadelphia office and to give an idea of what it’s like working for a global law firm.
We asked Christina Salem to give some insight into her role as a Partner in our New York office and to give an idea of what it’s like working for a global law firm.
Connecticut is the fifth state to pass a comprehensive privacy law. Senate Bill 6, “An Act Concerning Personal Data Privacy and Online Monitoring” (“CTDPA” or “Act”), passed in both chambers of the state legislature on April 22, 2022, and April 28, 2022, respectively, and Governor Ned Lamont signed it into law on May 10, 2022. The Act will go into effect on July 1, 2023, with the exception of certain provisions.
We have appointed Alan Demirkaya as our new HR director to drive forward our transformation plans and ensure that we continue to attract the industry’s top talent. He will lead a team spanning the UK, Europe, Middle East, the Americas and Asia Pacific, reporting to global managing partner, Suzanne Liversidge.
With mandatory climate disclosures becoming law in the UK, effective from 6 April 2022, and the United States Securities & Exchange Commission announcing its long awaited climate disclosure rule on 21 March 2022, this report provides a snapshot of the approach towards climate disclosures in some of the jurisdictions in which Kennedys operates, before focusing on what this means for our policyholder and insurer clients in the financial lines arena.
We are pleased to announce that seven attorneys have been elevated to partner across Kennedys US offices effective May 1, 2022.
We have promoted our largest ever number of lawyers to partner. With 22 new partners joining the partnership, it is more than double the number promoted last year (10) and takes our total worldwide partner count to 293.
Insurance coverage attorneys often face challenges when seeking to enforce policy exclusions on their clients’ behalf. To that end, New York appellate courts have ruled on certain policy exclusions so often that their enforcement is akin to legal doctrine; yet, some exclusions remain virtually untouched by the higher courts, leaving the respective lawyers for policyholders and insurers alike to battle ardently over the meaning of what are otherwise clear, plain terms.
An in-depth look at the Target decision finding that loss-of-use damages included costs of replacing payment cards compromised in data breach
On March 22, 2022, the United States District Court for the District of Minnesota ruled that two ACE insurers were obligated to indemnify Target Corporation (“Target”) for the amounts it paid to settle claims related to replacement of payment cards impacted in a data breach, vacating an earlier decision in which the court found that Target was not entitled to coverage.