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Product liability is the area of law governing the liability of producers, suppliers and distributors of defective products. In the UK, claims relating to product liability may be brought in negligence, breach of contract or pursuant to the Consumer Protection Act 1987, the implementing legislation which transposed the EU Product Liability Directive 85/374/EEC into UK law.
Our research identified five key risk themes that have implications and represent both challenges and opportunities for businesses, insurers, and wider society. This will assist in moving the conversation forward as we look beyond COVID-19, highlighting the important need to reshape the dynamic relationship between companies, households, and insurers.
The London Matters Report 2020 considers the London insurance market globally and domestically, and focuses on developments between 2015 and 2018 in Lloyd’s and company market business.
With the pace of change in the global insurance market showing no signs of slowing in 2020, we have underlined the London Market’s need to reassert its ability to adapt and manage the constant evolution of global risk. Releasing our annual London Market forecast for the year ahead, we have made predictions across 11 areas impacting the London Market, namely: aviation, casualty coverage, construction, cyber, energy, financial lines, marine, product liability and life sciences, professions, political risks and property damage.
Ingrid Hobbs, a partner in our London office, has been confirmed by The Forum of Insurance Lawyers (FOIL) as the Vice President of London FOIL. She will assume the role of President in October 2019.
We are pleased to announce that we are strengthening our insurance practice with five significant lateral partner hires, considerably enhancing our multi-jurisdiction capabilities.