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Article 22/06/2021
Today, any operations within the shipping and trade industry, and in consequence, the insurance industry which supports it, must include knowledge of and ensuring compliance with international sanctions. Failure to do so can result in serious fines and possibly penal sanctions.
Article 22/06/2021
Illinois Gov. J.B. Pritzker signed the Prejudgment Interest Act into law on May 28, 2021. The Act amends 735 ILCS 5/2-1303 to provide recovery of 6% prejudgment interest in addition to the 9 % post-judgment interest already permitted. Effective July 1, 2021, the newly added Section (c) mandates that prejudgment interest will accrue on monetary awards (minus punitive damages, sanctions, statutory attorney’s fees, and statutory costs) rendered in personal injury and wrongful death actions at a rate of 6% percent per annum from the date of filing up to five years.
News 21/06/2021
Kennedys has continued its growth in the Middle East with the opening of a new office in Muscat, in the Sultanate of Oman. This office opening is in response to client demand for a presence in Oman, and sees Kennedys become the only international insurance-focused law firm in the country.
Article 18/06/2021
New competence- and training requirements for insurers, employees in insurance companies and insurance brokers are coming into force.
Article 16/06/2021
A liability insurer’s duty to defend a third-party lawsuit in Florida is triggered when the complaint against the insured alleges facts that potentially bring the action within the policy’s coverage grant. Like courts in other jurisdictions, Florida courts generally apply the eight corners rule that restricts the court’s analysis of the issue to the terms in the four corners of the policy and the allegations inside the four corners of the complaint.
Article 15/06/2021
Ambitious proposals contained in a recent tripartite paper by the Department of Justice, the Office of the Lord Chief Justice, and the Northern Ireland Courts and Tribunal Service, have revealed plans for significant investment in the Northern Ireland justice system.
News 14/06/2021
Kennedys has been ranked as a Leading Firm in The Legal 500 US 2021, the guide to outstanding firms and lawyers across the United States.
Article 11/06/2021
On 18 May 2021, the Department for Digital, Culture, Media and Sport (DCMS) published the Government’s Response to the consultation on the National Data Strategy.
The National Data Strategy was released in September 2020 and aims to reflect “the opportunities and challenges of our new hyper-digital world”.
Article 11/06/2021
On 7 June 2021, US Authorities led by the Justice Department announced the recovery of USD 2.3 million of the USD 4.4 million ransom paid in Bitcoin to the hackers who caused the shutdown of the Colonial Oil Pipeline in May 2021.
Article 10/06/2021
Insurers facing increased exposure to Florida bad faith claims in recent years received some relief with the Eleventh Circuit Court of Appeals’ decision in Heather Eres v. Progressive American Insurance Co., No. 20-11006 (11th Cir. June 1, 2021). The Eleventh Circuit affirmed summary judgment for Progressive American Insurance Company. In doing so, the court found that Progressive did not act in bad faith toward its insured in attempting to settle Heather Eres’s bodily injury claim.
