Introduction - In a decision that highlights the importance of prompt notification of insurance claims, the English High Court has considered the limits of third party recovery under the Third Party (Rights Against Insurers)...more
Summary - The English High Court has ruled in the case of London Trocadero (2015) LLP v Picturehouse Cinemas Ltd and others,1 that a landlord responsible for insuring leased premises cannot charge tenants for landlord...more
In the UK Court of Appeal decision in Sky UK Limited and Mace Limited v. Riverstone, authoritative guidance has been provided on certain key principles that apply to Construction All Risks insurance policies....more
The recent wildfires in California have clearly had a catastrophic impact, destroying a vast number of homes and business premises across the region. Homeowners and businesses may have limited means to protect against...more
Businesses, public services, and computer users across the world faced disruption as a result of the major CrowdStrike information technology (IT) outage, which is being coined by many as one of the largest and worst cyber...more
What You Need To Know In A Minute Or Less - Storms and hurricanes, isolated but powerful tornados, earthquakes, fires, and floods—the question is not whether, but where and when policyholders will confront the next natural...more
7/29/2024
/ Business Interruption ,
Business Losses ,
Climate Change ,
Commercial General Liability Policies ,
Environmental Social & Governance (ESG) ,
Insurance Claims ,
Insurance Industry ,
Natural Disasters ,
Policy Terms ,
Property Damage ,
Severe Weather
In this episode, Sarah Turpin, Insurance Recovery and Counseling partner in our London office, discusses insurance coverage for COVID-19-related losses in the United Kingdom, including the UK Supreme Court’s important...more
On 15 January 2021, the Supreme Court handed down its judgment in The Financial Conduct Authority v Arch and Others. Our alert of 19 January 2021 considered the implications of the judgment for policyholders seeking to claim...more
The Financial Conduct Authority v Arch Insurance and Others [2020] EWHC 2448 (Comm) - BACKGROUND TO THE TEST CASE - In June 2020, the FCA issued proceedings against a group of insurers in a test case designed to clarify the...more
The Financial Conduct Authority (FCA), which regulates the conduct of insurers and other insurance intermediaries in the UK, has confirmed that the test case on business interruption (“BI”) insurance claims was launched in...more
On Friday 1 May 2020, the Financial Conduct Authority (the “FCA”), which regulates the conduct of insurers and other UK-based financial institutions, announced that it was seeking legal clarity from the High Court to resolve...more
Insurance claims represent assets in insolvency which may be capable of realisation or assignment by an insolvency practitioner (IP). If properly managed, such claims can prove to be a significant source of recovery. ...more