Industry Segments: Legal Page 3 / 4
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- April 20 2023
BOC Aviation awarded US$400m by US court for planes stranded in Russia: report
The aircraft lessor said AirBridgeCargo went into default after being unable to maintain required reinsurance coverage.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- February 8 2023
Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker McKenzie and funded by litigation funding company Omni Bridgeway.
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- February 3 2023
Australia disaster funding under an independent review
Led by Andrew Colvin of Deloitte, the review evaluates government investment in disaster risk reduction and resilience.
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- February 1 2023
India’s Union Budget to infuse US$490m into three state general insurers: report
It is the third consecutive injection since 2020 but the companies are still facing a shortfall in capital.
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- January 16 2023
Singapore legal reform puts claims settlements on the fast track
An obligation to consider amicable resolution incentivises pre-trial settlement over courtroom brawling.
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- November 19 2022
CDB Aviation files lawsuit against 18 insurers over jets stranded in Russia: report
The China Development Bank-owned aircraft leasing company suit in Dublin names Lloyd's, Chubb, Swiss Re, Munich Re, among others.
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- November 14 2022
Top Australian banks, insurers agree to settle credit insurance lawsuit for US$84m
QBE, Zurich and Colonial Mutual Life are among carriers that have agreed to the settlement in the class action initiated by Slater & Gordon.
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- October 27 2022
Policy wording failure key reason for Covid BI exposure: APRA
Insurers dithered because of a perceived “first-mover'' disadvantage of losing business if policies were adjusted to reflect Quarantine Act changes.
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- October 17 2022
Covid BI decision: IAG readies US$218m buy-back, Suncorp to release around US$112m
The two insurers are communicating with customers and brokers about outstanding claims after the High Court dismissed appeals on second test cases.
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- August 22 2022
Andrew Bicknell’s Singapore return boosts Clyde & Co’s energy and marine team
The move follows the promotion of city-based (re)insurance dispute resolution specialist Vanessa Lim.
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- August 1 2022
IAG hit with class action lawsuit over Covid BI claims
The action relates to shares purchased in 2020 between March 11 and November 20.
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- April 5 2022
Tokio Marine: Greensill policies were ‘void from inception’
The Japanese insurer says that it will vigorously defend any claims relating to the supply chain financial firm.
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- March 31 2022
Aussie insurers prioritise governance as product design rules bite
Moves to redefine 'retail' may make this even more important.
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- March 23 2022
Major Australia BI decisions appealed to High Court
The ICA says it understands the need for "definitive guidance".
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- March 18 2022
New Zealand introduces nat cat Bill for disaster response
The move helps clarify the current Earthquake Commission Act and takes lessons from 2010-11.
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- March 4 2022
IAG hit with fresh lawsuits over Greensill collapse
New lawsuits bring amount claimed to an estimated US$218m.
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- February 24 2022
Target “entirely disagrees” with HKIA over Ordinance breach
The taxi insurer has sought legal advice and plans to take appropriate action.
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- January 26 2022
Wotton + Kearney bolsters disputes team with DLA Piper hires
Experienced partners Peter Leman, Caroline Laband and Misha Henaghan start in February.
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- November 30 2021
PIC 2021: Digital insurance faces data privacy challenge
Panel told that travel and motor lines may be more open to the use of personal data than the L&H markets.
