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Article 28/01/2022
Globalization in virtually all business sectors is nothing new. Indeed, this phenomenon continues to expand and evolve, including broadening the scope of the global insurance market and its impact on litigation in the United States. The risks to which policyholders are exposed have become increasingly diverse and, due to expanding markets, US policyholders have greater access to policies issued by foreign insurers.
News 25/01/2022
We have recruited a leading construction and insurance specialist to join its London team. Paul Lowe, formerly a partner at Weightmans, is experienced in all insurance matters relating to the construction industry including on both policy coverage and defence.
Article 21/01/2022
On January 13, 2022, the Superior Court of New Jersey, Law Division, held in Merck & Co., Inc., et al. v. ACE Amer. Ins. Co., et al., that the Hostile/Warlike Action Exclusion in various property policies did not prohibit coverage for the NotPetya cyberattack launched by the military arm of the Russian Federation government against the country of Ukraine.
Article 20/01/2022
On January 19, 2022, New Jersey’s Governor, Phil Murphy, passed S.B. 1559 into law, referred to as the New Jersey Insurance Fair Conduct Act (“IFCA”). The IFCA creates a private cause of action for injured motorists to sue insurance companies that “unreasonably” deny or delay paying claims for uninsured (“UM”) or underinsured motorist (“UIM”) coverage.
News 20/01/2022
The appointments of Gavin Henderson and Daniela Fusi, both formerly Clyde & Co (Scotland) partners, takes the total number of fee earners to 23 across our offices in Edinburgh and Glasgow, with more new fee earners expected to join in the coming months as we enjoy another record year.
Article 12/01/2022
In American Family Mut. Ins. Co. v. Carmel, Inc., the Illinois federal district court ruled that a CGL policy did not provide “personal and advertising injury” defense coverage for an underlying class action brought under the Illinois Biometric Information Privacy Act (BIPA) on account of the policy’s employment-related practices (ERP) exclusion.
Article 11/01/2022
Thailand is blessed with one of South-East Asia’s most developed economies and benefits from strong inward investment. But political instability has become a key business risk factor in recent years following the coup d’état in 2014 and the more recent political demonstrations during 2020 and 2021. Further political instability cannot be ruled out.
Article 11/01/2022
For firms operating in Israel, the complex political landscape has always been a business risk. As such, successive governments have put in place robust frameworks for protecting businesses, citizens, and Israel’s vital economic assets. Operating in a region that has historically been volatile, the business community and citizens have become adept at preparing for civil unrest and security threats.
Article 11/01/2022
Chile is one of the most developed countries in Latin America. The country has also been seen as one of the region’s most stable economies attracting large inward investment. However, faced with the ongoing uncertainty in the local political landscape, all business entities in Chile will need to improve their reconnaissance on political risk and uncertainty in the near future.
Article 07/01/2022
On December 31, 2021, New York Gov. Kathy Hochul signed the Comprehensive Insurance Disclosure Act (the “Act”) into law. The Act, which is effective immediately, modifies C.P.L.R. § 3101(f) to require that any defendant (including a third-party defendant, or defendant on a cross-claim or counterclaim) provide certain insurance information soon after filing an answer. The Act may have significant implications for both insureds and insurance carriers.
