In the fast-paced, risk-heavy environment of the UK technology sector, insurance is a critical tool for safeguarding operations, employees, and directors. However, recent research by Markel reveals that tech company owners often face challenges when […]
Now this could be a chance for smaller brokers, insurtechs or MGAs to state their case regarding the consumer duty. In the UK we have a simplified tax system for smaller companies, in terms of […]
Allianz has decided to update its Motor Trade policy wordings, reflecting the transition to more battery powered vehicles being used in fleets; With the automotive landscape continuing to develop with new technology in vehicles and […]
Quick note on Marine from the LMA; The Lloyd’s Market Association (LMA) has issued a revision to the market’s hull and cargo oil price cap wordings. The overhaul creates simplified clauses reflecting the changes to […]
Rob Smart, Chief Technical Officer at Mactavish, takes a look at the pitfalls of policy wording. The hard market, now in its fifth year, has done far more than drive up premiums. It has also […]
In a surprising move, the Superior Court of New Jersey Appellate Division, recently ruled in favour of Merck’s $1.4 billion claim against the insurance industry. The claim was for damages sustained in the 2017 NotPetya […]
The Lloyd’s Market Association’s (LMA) has released a revised format of the LMA UK Home Insurance Policy (HIP) 2023. The LMA has worked alongside Browne Jacobson, utilising applied research from the University of Nottingham to […]
DBRS has published some commentary on the matter of policy wording and how it can lead to expensive class action lawsuits. It acts a reminder that Covid19 proved expensive in ways very few foresaw, even […]
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