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Article 26/08/2020
Insurers must balance the income from insuring and investing in fossil fuel projects against the growing reputational and litigation risks.
Article 21/07/2020
London Market casualty insurers are experiencing increased notifications for climate change related tort claims pursued against “Big Oil” defendants in the USA and other jurisdictions. We outline the headline policy coverage issues arising from these claims and whether the experience of other jurisdictions will be replicated in the UK.
Article 20/07/2020
On 18 June 2020, the Bank of England (the Bank) released its first report regarding its own exposures to climate change-related financial risks and its proposed strategy to manage those risks effectively.
Article 08/06/2020
The results of Part 2 of the Law Commissions’ joint consultation into the regulation of automated vehicles, “emphasised how uncertain the future has become, and how regulation must be sufficiently flexible to deal with a wide variety of eventualities.”
Article 26/05/2020
Since our last article on climate change considerations, perception has moved to a recognition that climate risks affect all sectors, including financial institutions.
Article 06/04/2020
On March 23, 2020, Pacific Gas & Electric (PG&E)—the California energy utility—announced that it will plead guilty to criminal charges for its role in the 2018 Camp Fire in Northern California, which led to the deaths of 85 people and caused billions of dollars in property damage. This plea brings a lengthy investigation to a conclusion, but it is not anticipated that PG&E’s existing civil liabilities ($24.5 billion) will increase as a result of the plea agreement.
Article 01/04/2020
Boris Johnson’s “oven ready” deal to begin withdrawing the United Kingdom (UK) from the European Union (EU) received royal accent on 23 January 2020, following his success in the December 2019 General Election.
Article 11/03/2020
The Court of Appeal (CoA) has very recently handed down its decision in R (Friends of the Earth) v Secretary of State for Transport and others [27.02.20] halting plans for a third runway at Heathrow Airport.
Article 03/10/2019
A look at how board-level considerations of climate change must shift, and the potential consequences if they do not.
Article 21/05/2018
On Wednesday 9 May 2018, the German government approved a draft law permitting owners of diesel vehicles to join class action lawsuits in Germany.
