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Results: 1-10 of 3,901

BIBA endorses FSA approach on advertising

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • January 31 2007

The British Insurance Brokers’ Association (BIBA) has published a press release which states that the BIBA supports the recent warning that the FSA issued regarding savings claims in insurance advertisements

Aerospace Publishing Ltd v Thames Water Utilities Ltd - reinstatement or diminution in value

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • February 14 2007

Where a claim is made in respect of a chattel which has been destroyed negligently by a third party, the claimant will only be entitled to the replacement value where it is reasonable to replace the chattel and the cost of replacement is reasonable. In practice, the cost of reinstatement will only be awarded where the claimant intends to reinstate the chattel

FSA confirms that position on inherited estates remains broadly unchanged

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • December 18 2007

The FSA has published the text of a letter on the reattribution of inherited (or orphan) estates

Claims handling costs should not be given priority over other debts of an insolvent company Centre Reinsurance International Co and others v Freakley and others

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • February 9 2007

Several tort claims were made against T & N Limited (“the Insured”) arising out of its use of asbestos. As a consequence it became unlikely to be able to pay its debts

Insurance update

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • February 14 2007

Following a sample audit of 3,000 files, Winterthur is likely to press ahead with more than 65,000 cases against law firms involved with The Accident Group (TAG

FSA fines Norwich Union Life for exposing customers to fraud

  • Katten Muchin Rosenman LLP
  • -
  • United Kingdom
  • -
  • December 20 2007

On December 17, the UK Financial Services Authority (FSA) announced that it had fined Norwich Union Life (NUL) £1.26 million ($2.5 million) for not implementing effective systems and controls to protect confidential information and manage its risk of being a victim of financial crime in breach of FSA Principle 3

Don’t delay on condition precedent

  • Wragge & Co LLP
  • -
  • United Kingdom
  • -
  • January 23 2007

Under a public liability all-risks insurance policy it was a condition of claims that the insured provide the insurer with all relevant documentation

Reinsurance misrepresentation

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • December 14 2007

This judgment offers some warnings to reinsureds concerning the risk of their brokers’ misrepresenting the risk, both on first presentation and on renewal

The impact on non-EEA reinsurers

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • February 7 2007

The impact of the Reinsurance Directive on non-EEA reinsurers doing business in the EU will depend on how those reinsurers currently structure their European operations

Payment protection insurance market referred to the Competition Commission

  • Wragge & Co LLP
  • -
  • United Kingdom
  • -
  • February 13 2007

On 7 February 2007, the Office of Fair Trading (OFT) announced that it has referred the UK payment protection insurance (PPI) market to the Competition Commission for further investigation

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