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Latest Insurance & Reinsurance News

Myanmar earthquake exposes insurance protection gap

Law360, London: The scale of the economic losses from the Myanmar and Thailand earthquake is likely to expose widespread underinsurance in the region, a broker has warned.

Claims groups slam government report on personal injury reform

Law360, London: The government's plan to reduce premiums for motorists through its controversial reforms to claims for 'whiplash' injuries in 2020 have failed, consumer advocates said, after an official report found prices had fallen by less than promised.

Government may face £70m in claims from fire insurance scheme

Law360, London: The government could face up to £70m in insurance claims under a temporary fire safety professional indemnity scheme it introduced in 2022, a top official said.

Insurers could pick up bill for replacing dangerous cladding

Law360, London: Britain's professional indemnity insurance market could be forced to pick up a significant portion of the £22.4bn bill for replacing flammable cladding from buildings, an underwriter warned.

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Micklefield clauses

Micklefield clauses

Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Financial clean break orders in family proceedings

Financial clean break orders in family proceedings

Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so

Contributory negligence in personal injury claims

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a