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Directors & Officers
Downward pressure on rates for US D&O liability cover
There is expected to be downward pressure on rates for US D&O liability cover, according to AM Best, driven by decreased demand for cover, combined with favourable underwriting results...
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Mental health
Psychosocial risk a growing source of concern to companies
Psychosocial risk factors and the mental health challenges that arise from them are a growing source of concern to companies, identified by 86 per cent of participants in a survey of global..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Legal moves
New partner appointed at Keoghs in London
Matthias Kuznik has been appointed as a partner at Keoghs in London. He has nearly 15 years’ experience as an insurance lawyer in the City of London with wide expertise in coverage and defence work,..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Nuclear verdicts in US continue to grow
Massive jury awards of US$10 million or more – known as “nuclear verdicts” – continue to increase in size and frequency, according to a new study by the US Chamber of Commerce Institute for Legal Reform. Between 2013 and..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Legal reforms
New Scottish statutory instrument to see PIDR calculation change
The way in which the Personal Injury Discount Rate (PIDR) in Scotland is calculated is set to change following a new Scottish statutory instrument passed by the Scottish Parliament,..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Occupational cancer
Guidance on silicosis dangers for kitchen worktop finishers
In the face of a cluster of younger kitchen worktop finishers contracting aggressive forms of silicosis, the British Occupational Hygiene Society (BOHS) has issued specific guidance for..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Dealing with professional indemnity and cyber insurance overlap
Professional indemnity (PI) and cyber insurance for financial institutions (FIs) can often overlap, according to WTW in its latest “Demystifying Insurance” series. The broker noted that as PI and cyber policies provide liability cover,..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Awards and settlements
Six-figure settlement spinal cord injury negligence
A man has received a six-figure settlement following A&E’s negligence in treating a spinal cord injury. While cycling to the shop one day, he collided with the back of a van. After being..
Online Published Date:
24 July 2024
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Issue 407 - 24 July 2024
Harriet Harman to chair Bar Council’s bullying and harassment review
The Rt Hon Harriet Harman KC has been appointed by the Bar Council to chair the independent review of bullying and harassment, including sexual harassment, at the Bar. The independent review was commissioned by the Bar Council following its report..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Employment affairs
TUC warns over risks of hot workplaces to workers
Hot workplaces put workers at risk of range of health problems – including cancer, and there should be new legal maximum work temperatures, the TUC has warned. The union body said the next..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Road safety
Great Britain saw 4 per cent fall in road fatalities last year
Road fatalities in Great Britain fell by 4 per cent last year, according to the Department for Transport (DfT). Its “Reported road casualties Great Britain, provisional results:..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Fraud
UK’s largest ever fundamental dishonesty case
The UK’s largest ever fundamental dishonesty case, saving the insurance provider a staggering £6.6 million, has been won by Keoghs and Hastings Direct.
The case of Shaw v Wilde [2024]..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Professional perils
New appointments to Miller’s solicitors’ professional indemnity team
Miller has made three appointments in its solicitors’ professional indemnity (PI) team. Calum MacLean, Chris Jones and Tom Davies join the team as Miller..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Product safety
NGOs call for EU to ban polyvinyl chloride (PVC)
The EU must ban polyvinyl chloride (PVC) if it wants to comply with its own laws, according to four NGOs: ClientEarth, European Environmental Bureau (EEB), Zero Waste Europe and Health Care Without..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Personal injury
Fall in personal injury claims for first three months of 2024
The latest “Civil Justice Statistics Quarterly”, with the data for the first three months of 2024, showing that compared to the same period in 2023, County Court claims from..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Medical negligence
Huge rise in global patient harms associated with medical procedures
The proportion of patient harms associated with medical procedures, treatment, and contact with healthcare systems rose by 59 per cent, from 11 million to 18 million globally..
Online Published Date:
24 July 2024
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Issue 407 - 24 July 2024
Product liability
Billion dollar Roundup reduced to US$400 million
A billion dollar verdict against Bayer and its Roundup product has been reduced to US$400 million. Judge Susan Schulman in the Philadelphia Court of Common Pleas decided on the company’s..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
D&O liability insurance market: a balancing act
The Directors & Officers liability (D&O) insurance market is grappling with high levels of competition driven by under-utilised capacity at a point in time where the macro-economic environment is not particularly positive and claims trends..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Liability market
BIBA renews PI arrangement with Griffiths & Armour
The British Insurance Brokers’ Association (BIBA) has renewed its professional indemnity (PI) accredited broker agreement with Griffiths & Armour for a further three years. Griffiths..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Health and safety
Next government must prioritise improving occupational health services
Nine in 10 health and safety professionals believe the next government should prioritise improving occupational health services to cut the number of people being made ill by..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
US dimension
US insurers challenged by new types of liability
New types of liability are a challenge for US commercial casualty insurers, according to AM Best, and general liability business has seen a double-digit increase in incurred losses. It added that in..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Chemicals
EU-wide project to check classification of hazardous mixtures
The European Chemicals Agency’s (ECHA) Enforcement Forum has agreed to a new EU-wide project to check that hazardous mixtures present in products, such as air fresheners or..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024
Aviation
Singapore Airlines pursued for compensation for turbulence injuries
Stewarts Law aviation team has been retained directly by passengers from multiple jurisdictions, including England, to pursue Singapore Airlines for compensation following the..
Online Published Date:
24 July 2024
Appeared in issue:
Issue 407 - 24 July 2024