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Article 24 mar 2023
Hong Kong Regulatory Insurance Update February 2023
In this February 2023 edition of Regulatory Insurance Update, the Hong Kong Corporate & Commercial Team provide the latest updates relating to the law and regulations, developments, and news in the insurance industry in Hong Kong.
Article 23 mar 2023
Castano v. Augustine: Strict construction of the law at odds with New Jersey public policy?
Over time, New Jersey’s No Fault Act has evolved to incorporate additional restrictions on an injured party’s right to sue for injuries resulting from an auto accident. These restrictions, viewed as a trade-off for the Act’s promise of prompt payment of medical expenses regardless of fault, serve to impose the “draconian consequence” of completely foreclosing a prospective plaintiff’s cause of action should they run awry of requirements of the Act.
Article 22 mar 2023
The new Consumer Duty and the impact on brokers
The FCA’s new Consumer Duty is due to come into force this July, as noted in our report 'Insurance forecast 2023: claims trends and future risks'. The Consumer Duty will have a significant impact on insurers and insurance intermediaries. This article specifically focusses on the impact of the new Consumer Duty on insurance brokers.
Report 22 mar 2023
Marine and logistics report 2023: trends and future risks
In this report, we examine the priority topics that insurers in the marine and logistics sectors need to consider to ensure business resilience.
Article 17 mar 2023
Imminent changes to Qualified One-Way Cost Shifting: levelling the playing field
The UK Government has published its response to its consultation on changes to the Qualified One-Way Cost Shifting (QOCS) regime in personal injury cases, which was launched on 9 May 2022.
Blog 15 mar 2023
In Practice Series - The future Medical Device Regulations within the UK
On 26 June 2022, the UK’s medical device regulator, the Medicines and Healthcare products Regulatory Agency (MHRA) published their response to the consultation on the “future regulation of medical devices in the UK”, which indicates future wide-reaching change for the UK medical devices regulatory regime going forward.
Article 15 mar 2023
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.
Article 14 mar 2023
Commercial Brief innovation market insights - March 2023
As Kennedys launches its campaign on fostering innovation, we share our insights on the impact of artificial intelligence (AI) in the workplace, regulating AI in the life sciences sector and the novel risks inherent in modern technologies.
Blog 8 mar 2023
UK product safety update: two year extension given to businesses for GB specific product safety marking
The UK Government announced on 14 November 2022 that businesses would be given a further two years to apply the new UK Conformity Assessed (UKCA) product safety marking to their products. The UKCA mark is the UK equivalent of the European Union’s CE mark, which denotes compliance with mandatory applicable product regulations when applied to products.
Article 8 mar 2023
What’s left of VCAT’s construction dispute jurisdiction?
The Honourable Justice Delany of the Supreme Court of Victoria recently held that the Victorian Civil and Administrative Tribunal does not have jurisdiction to determine claims for contribution brought pursuant to the Wrongs Act 1958 (Vic). In this article, we provide an overview of the decision and insights on the potential implications for VCAT’s Building and Property List.