The new Centre of Excellence will create more than 200 roles in data analysis, software development, and quality assurance.
The latest news from the LMA;
The Lloyd’s Market Association (LMA) has launched the Emerging Litigation Forum (ELF), which succeeds the Environment and Climate Change Litigation Committee (ECLIC).
The new Forum expands the scope of its predecessor to cover a wider range of insurance-related emerging litigation trends. While climate and environmental cases will remain a key area of focus, the Forum will also explore other categories of litigation that are increasingly relevant to the Lloyd’s market.
The decision to transition ECLIC into the Emerging Litigation Forum reflects both the slow-moving nature of climate litigation and growing member interest in broader emerging litigation risks. In line with the structure of LMA forums, specific working groups may be established if sufficient member interest develops in particular areas.
The first meeting of ELF was held on 28 October where members had the opportunity to hear from legal experts who presented on two hot topics. The first was the recent surge in PFAS litigation in the US and a comparison with asbestosis claims in the US.
The second was an update on PFAS outside the US and an examination of the history of water pollution litigation in the UK culminating in the recent River Wye case.
John Levett, Head of Regulatory Affairs at the LMA, said: “The establishment of the Emerging Litigation Forum reflects the growing need for the market to engage with a wider set of litigation risks. This group will enable LMA members to share insight and expertise, helping the market remain informed and prepared for developments in an increasingly complex litigation landscape.”
The Forum will continue to circulate a newsletter following its sessions, providing members with insight into recent cases and discussions. The most recent edition is available here.
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net
HMRC has this week issued new guidance on Delegated authority claims handling by Lawyers which may create additional VAT costs for law firms and lead to disputes with their insurance clients, RSM has warned. Many law firms […]
Mergers and acquisitions (M&A) in the global insurance industry dropped back slightly in the first half of 2021 with 197 completed deals worldwide, down from 206 in the second half of 2020 and 201 at […]
Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions; Oxfam in Sri Lanka, the organization working to alleviate poverty; and Etherisc, the InsurTech startup developing a protocol for decentralized […]
Be the first to comment