Aon Aviation’s quarterly ‘Airline Insurance Market Review’ reports the third quarter saw 11 incidents but not one loss in excess of US$5bn. The overall hull losses for the quarter were US$27.4bn with no liability losses.
A man who ran an internet-based insurance intermediary business CFT Group Insurance Services has been jailed for two and a half years for deception. The man has also been ordered to pay over £210,000 as..
The current predicted level of losses from the 2004 hurricane season may not be enough to reverse the current trend of declining insurance rates in the UK, says Aon Limited. Total insured losses from the..
Liability systems throughout the world are growing increasingly costly, according to Swiss Re’s latest sigma report. The study, “The economics of liability losses – insuring a moving target”, examines the development of liability claims and..
Swiss Re’s new study on aviation insurance, “The true value of aviation insurance,” concludes that in order to maintain a system of sustainable insurance for the aviation industry, pricing must reflect the cost of capital..
A study by Aon has found that the trend of high insurance rates experienced by US hospital professionals and physicians over the past three years shows signs of slowing in 2005.
Aon’s Hospital Professional Liability &..
The application in January 2005 of EC Regulation 178 for Food Safety looks set to increase demand for product recall insurance, predicts AIG Europe (UK) Limited.
The Regulation, to be introduced in January 2005, will require..
By Financial Markets Law Committee
The Financial Markets Law Committee has provided analysis of uncertainty under the Transparency Obligations Directive regarding the liability of directors and auditors arising from the publication of a publicly traded company’s..
The Oxford University Press has published the Seventh Edition of the Guidelines for the Assessment of General Damages in Personal Injury Cases.
New to this edition is that the figures will be increased to take into..
Unreasonable defendant challenges to CFA agreements in personal injury cases could be stopped in their tracks if client care protections are placed in the professional conduct code, says the Association of Personal Injury Lawyers (APIL).
The Law Society has announced that a new Anti-Discrimination Rule has come into effect. Its main purposes are to ensure that the Rule continues to reflect current legislation and to clarify various issues regarding enforcement..
The head of the Confederation of British Industry, Digby Jones, has urged insurers to work in alliance with the UK government to find a solution to the current crisis over employers’ liability. Jones told a..
The Scottish Prison Service is reported to have denied claims that it had set up a fund designed to cover claims from prisoners alleging breaches of their human rights. Media reports suggest that there is..
Fraudulent injury claims against Rotherham Borough Council are estimated at more than £1mn a year, according to a new report. To tackle the problem, the Council has joined forces with 12 other local authorities across..
A new report entitled “Managing conflict at work” says that while 83% of employers have a clear anti-bullying policy in place, when bullying does happen the focus is almost exclusively on supporting the victim, with..
A research report published by the Department for Work and Pensions and carried out by Andrew Irving Associates provides findings from research to establish the level of awareness of, and the perceptions and attitudes towards..
Minister for Work Jane Kennedy has launched “Building capacity for work: A UK Framework for Vocational Rehabilitation,” designed to help people who become ill to stay in their jobs and prevent them leaving the workforce..
The Health and Safety Executive has launched a new approach to help employers work with their employees to manage the risks from work-related stress.
Jane Kennedy, Minister for Work, said: “This is a very practical example..
The Health and Safety Executive (HSE) has prepared interim updated estimates of the costs to Britain of workplace accidents and work-related ill health. These indicate that in 2001/02 health and safety failures cost
The UK P&I Club Board has agreed a general increase in premium rating of 12.5% plus the relevant contribution to any increase in the cost of the International Group’s 2005 reinsurance programme. The supplementary premium..
A group of Guernsey fishermen who were looking to claim for compensation for the effect on scallops by the discharge of billions of gallons of untreated sewage have been told that there are no grounds..
Victims of the Sept. 11, 2001 terrorist attacks, both individuals killed or seriously injured and individuals and businesses impacted by the strikes, have received at least $38.1bn in compensation, with insurance companies and the federal..
The ongoing medical liability crisis in the US was acknowledged by both candidates in the recent vice presidential debate, during the 2004 Presidential election campaign, according to the Physician Insurers Association of America (PIAA), an..
The Actuarial Profession has published new research which reveals that that the total future UK cost of asbestos-related diseases is in the range £8-20bn. The UK insurance industry is expected to face half this cost..
A review of international research on the health benefits of recently enacted smoke-free laws has confirmed that such legislation has an immediate and positive impact on exposure to second-hand smoke, cotinine levels, respiratory health and..
Members of the All-Party Parliamentary Group on Smoking and Health have called on the Health Secretary John Reid to include smokefree legislation in the forthcoming White Paper on Public Health.
A cross-party delegation from the All-Party..
Media reports have revealed a study that shows that children living under high-voltage power lines could run double the risk of getting cancer. The study, which has not yet been published, was carried out by..
New research results have confirmed that infectious variant Creutzfeldt-Jakob Disease (vCJD) prions that cause the human form of “mad cow disease” can be removed from blood. The study found that a new filtration technology from..
There is increasing evidence that infectious prions that can cause variant Creutzfeldt-Jakob Disease (vCJD), the human form of “mad cow” disease, can be transmitted through blood transfusion, according to Roger Eglin, head of National Transfusion..
The 12th annual report of the National Creutzfeldt-Jakob Disease Surveillance Unit has been published. The report looks back over the period from May 1990 when the Unit was set up to 31 December 2003. The..
Four young children from three families, who claim they were damaged when in their mothers’ wombs by the medicines their mothers took to suppress epileptic convulsions, have launched a compensation claim against the drug manufacturers.
A new report on environmental links to breast cancer has concluded that exposure to synthetic chemicals and radiation has contributed more than previously thought to the rising incidence of breast cancer.
The report, “State of the..
Researchers have found that an anti-epilepsy drug given to pregnant women can significantly lower their child’s IQ. The study, by The Walton Centre of Neurology and Neurosurgery, discovered that children of women who took sodium..
A study from the Institute of Environmental Medicine (IMM) at Karolinska Institutet, Sweden, has found that 10 or more years of mobile phone use increase the risk of acoustic neuroma, and that the risk increase..
Raising the retirement age could wrap employers up in costly red tape when it comes to hiring and firing older workers, according to Croner, one of the UK’s leading providers of business information and advice.
It’s those meanie insurers again. Residents of an East London housing estate have been told to remove window boxes because of safety fears. From now, no window boxes or pots will be allowed on window..
Legislation preventing over the age of 65 from applying for compensation payments for unfair dismissal or redundancy did not indirectly discriminate against male employees and thus was not contrary to European law.
The Court of Appeal..
The time limit for a complaint by a fixed-term employee of less favourable treatment, namely non-payment of a non-contractual bonus paid to permanent employees, ran from the date of the act complained of.
That date was..
In group litigation on behalf of persons under a disability, where some claimants proposed to discontinue, they would not require the permission of the court if their discontinuance did not amount to settlement and their..
A regulation prohibiting the use of a motor vehicle on a road with under-inflated tyres did not of itself make a driver liable in negligence for an accident caused by his under-inflated tyre.
The judge said..
The claimant was the co-founder of the Eden Project in Cornwall, but he obtained no financial benefit from it because, based on the advice of his solicitors (the defendant), the project was developed and run..
Where, after a finding of unfair dismissal, the tribunal made an order for reinstatement which was not complied with so that a compensatory award was made, the arrears of pay which would have been payable..
When assessing loss of pension right, an employment tribunal had to consider whether a fair and equitable assessment could be worked out on the basis of the evidence and submissions put forward by the parties;..
Where counsel were to present short applications before the Civil Court of Appeal, they should consider whether a video-link hearing might be more appropriate, and less costly, than personal attendance at court. The Court of..
The claimant suffered a physical assault at the hands of the defendant in a Barbados hotel room. The defendant was later convicted of soliciting the claimant’s murder. The claimant began civil proceedings claiming damages for..
The claimant was an experienced teacher in the reception classes of an independent prep school. She was suffering a period of serious clinical depression following additional school inspections and significant changes in work patterns and..
A patient, whose doctor failed to warn her of an inherent risk in surgery when obtaining her consent and who suffered injury when the risk eventuated, satisfied the test for causation in negligence where she..
A labourer has been paid £4,000 compensation by his employer after falling into a manhole at work. He fell approximately seven feet onto a concrete floor. There was no safety barrier around the manhole. He..
A former employee of DuPont has been awarded $1.29bn in an employment discrimination case filed by the US Equal Employment Opportunity Commission (EEOC) under the Americans with Disabilities Act of 1990 (ADA). The jury awarded..
A former nuclear submarine machinist is to receive $20.5bn after contracting a fatal form of lung cancer caused by exposure to asbestos. The money is to come from two companies, one which provided equipment on..
An ex-Gurkha has settled his race discrimination case against the Ministry of Defence. He sued the MoD because his pension was just a fifth of the pension received by a British soldier. His pension was..
The employment appeals tribunal has upheld a decision in which a prison officer with depression was awarded £400,000 after being discriminated against and unfairly dismissed. The Prison Service had appealed for the amount of the..
A disabled man, supported by the Disability Rights Commission (DRC), has won £1,097 damages after suing a train operating company. The appeal court judge ruled that the train operator acted unlawfully by not paying the..
The £900,000 damages awarded to a former employee of Cantor Fitzgerald International who claimed he was bullied has been cut by around £117,000 by the Appeal Court. The former employee claimed he had been bullied..
Ordinary employees are now first in line to be sued after disasters and accidents, according to a new report from the charity Public Concern at Work.
“Botched legislation passed last October means employees now face paying..
A major section of Business Insurance
of 8 October 2001 covers developments of e-commerce, mainly in the US but spreading worldwide. Of particular note is the trend for insurers to exclude internet liability from standard..
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