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Case review 30/09/2020
On 28 August 2020, the Court of Appeal handed down judgment in an appeal (AssetCo Plc v Grant Thornton UK LLP [28.08.20]) concerning the assessment of quantum in professional negligence claims against auditors.
Article 30/09/2020
The insurance industry has seen a vast array of natural catastrophes over the last 20 years, however no catastrophe has generated such unquantifiable loss as the coronavirus pandemic. In this article, we look briefly at the role of the loss adjuster, the recent challenges they have faced in light of remote working, and the potential for an increase in future negligence claims.
Article 30/09/2020
Brokers’ E&O insurance premiums are dramatically on the rise, with some industry commentators citing three and even four-fold rate increases in recent months. Here, we consider the main drivers of this rapid market adjustment; specifically, whether these changes are principally a function of the coronavirus pandemic, or instead caused by pre-existing cyclical factors that have left premiums vulnerable to dramatic repricing.
Article 30/09/2020
We consider the latest significant court decisions impacting claims arising from professional liability and financial lines policies and products.
Case review 29/09/2020
The court was recently asked (RSK Environment Ltd v Hexagon Housing Association Ltd [30.07.20]) to determine, via the Part 8 procedure, whether the nature and scope of a consultant's duty of care in tort was limited by the terms of its appointment with a third party.
Article 29/09/2020
Unrest amongst leaseholders has gained traction since 2017, igniting a media campaign dubbed “the leasehold scandal”. A number of tentative claims by leaseholders against their conveyancing solicitors relate to an alleged failure to advise in respect of the impact of ground rent liabilities upon the value and future marketability of leasehold properties. We have seen these claims grow steadily both in volume and complexity in the last couple of years.
Article 10/09/2020
As the annual Solicitors’ PI renewal date approaches Paul Castellani has reacted to data that shows claims against the profession have rocketed during the COVID-19 pandemic.
News 02/09/2020
The Australian arm of global insurance and litigation law firm Kennedys today announced the promotion of 10 lawyers to new senior roles, in the largest-ever group of promotions for the firm in Australia in a single year.
Article 01/09/2020
The headlines have been filled recently with SDT cases relating to sexual misconduct. These recent decisions show the range of work undertaken in the SDT and the varied areas of practice which can result in regulatory sanction.
Article 07/08/2020
The last few months have seen a run of cases relevant to solicitors liability issues which we digest in this article.
