Insurance UK

  • January 22, 2025

    Tyson Foods' Insurer Can Sue Over Fire Payout In England

    Tyson Foods' captive insurer can pursue litigation against a reinsurer in England for payouts following a fire at one of the food giant's Alabama plants, after a London court found the companies had chosen the English jurisdiction to take priority over arbitration in New York.

  • January 22, 2025

    Steakhouse Settles With QIC Europe Over COVID-19 Payout

    A steakhouse restaurant chain has reached a settlement with its insurer in a multimillion-pound dispute over its business interruption policies in connection with the national lockdowns imposed during the COVID-19 pandemic.  

  • January 22, 2025

    UK Gov't To Tap Into Bank Accounts Of Benefits Fraudsters

    Benefits cheats who fail to reimburse taxpayers could have cash owed taken directly from their bank accounts, as part of the U.K. government's plan to launch the "biggest fraud crackdown in a generation."

  • January 22, 2025

    UK Gov't Maintains Pensions Enrollment Earning Trigger

    The government has said it will retain the current earnings threshold at which workers are automatically enrolled into pension plans, despite an intention to reform the rules.

  • January 22, 2025

    UK Insurance Premium Tax Haul Up 10%, Hits Record £6.7B

    The U.K. government raised a record £6.7 billion ($8.3 billion) in insurance premium tax in the first nine months of the financial year ending March, up 10% from the corresponding period a year earlier, according to HMRC figures released Wednesday.

  • January 21, 2025

    La. Judge Lifts Arbitration Order In $7M Ida Damage Case

    A Louisiana federal judge lifted a stay and vacated an order to arbitrate a $7 million Hurricane Ida damage claim against domestic surplus insurers, ruling that a recent decision from Louisiana's top court represents an "'intervening change in the controlling law.'"

  • January 21, 2025

    Royal London Data Boss Loses Early Battle Over Redundancy

    A data privacy lead can't revive a bid to reinstate his job until trial because he failed to provide an employment tribunal with any new evidence showing that the Royal London Mutual Insurance Society made him redundant by punishing him.

  • January 21, 2025

    Climate-Related Financial Reporting 'Inconsistent,' FRC Says

    Britain's audit watchdog on Tuesday said the quality of the first round of mandatory climate-related finance disclosures by large British businesses was "inconsistent," but is set to mature as companies adapt to the requirement.

  • January 21, 2025

    Insurers Fight To Slash COVID Biz Interruption Claims

    Insurers sought on Tuesday to drastically scale back payouts for hospitality businesses closed during COVID-19 pandemic lockdowns five years ago, in a test case that could have a much wider impact on hundreds of other policyholders.

  • January 21, 2025

    Investment Bosses Lose Appeal Of £37M Fraud Convictions

    Two directors of an ethical-investment scheme failed to overturn their convictions for defrauding investors out of £37 million ($45.5 million), as a London appeals court ruled Tuesday that the charges against them were clear and well understood at trial.

  • January 21, 2025

    Moderate Retirement Pension Gap Rises To More Than £31K

    U.K. households face a £31,500 ($38,700) average pension shortfall compared with the amount needed for a moderate standard of living in retirement, according to a report by Hargreaves Lansdown published on Tuesday.

  • January 21, 2025

    Reach Newspaper Group To Fill £5M Hole In Pension Fund

    Publisher Reach PLC has confirmed it will plug a £5 million ($6.2 million) funding gap in one of its retirement saving plans after it discovered a "historical error" during preparations for a pension buyout.

  • January 27, 2025

    Ashurst Expands Consulting Team With New UK Head

    Ashurst said on Monday that it has hired a new chief for its risk advisory business in the U.K. as clients increasingly face challenges that require more than legal advice, with concerns about cybersecurity and environmental, social and governance matters at the top of their list.

  • January 20, 2025

    Florida Reinsurance Broker Launches London Offering

    The reinsurance brokerage arm of Florida-based Baldwin Group has said it has entered the London market in what the business called a "major milestone."

  • January 20, 2025

    COVID Biz Insurance Litigation Returns With Test Case Appeal

    A group of insurers will challenge test-case litigation over business interruption insurance in connection with the COVID-19 pandemic at the Court of Appeal in London on Tuesday, a hearing that lawyers say could have a long-term impact on disputes over cover.

  • January 20, 2025

    Gov't Urged To Act On Rising Pensioner Poverty

    The government must take immediate and targeted action to halt growing poverty among the oldest in society, by supporting those failed by the means-tested benefits system and legacy state retirement savings plans, a left-wing advocacy group has said.

  • January 20, 2025

    BoE Backs Gov't Call For Growth-Friendly Regulation

    The Bank of England's regulatory arm told the government in a letter published on Monday that it will support economic growth by simplifying some rules for banks and insurers.

  • January 20, 2025

    Gov't Gets Mixed Reception On Inheritance Tax Pension Plans

    Proposals by the U.K. government to bring pension assets within the scope of inheritance tax will result in "numerous problems" and raise concerns in their current form, a trade body and consultants warned on Monday.

  • January 17, 2025

    Aegon Calls For State Pension 'Triple Lock' Rethink

    Insurer Aegon on Friday said a rethink of the state pension "triple lock" policy would bring more "intergenerational fairness" after opposition leader Kemi Badenoch sparked debate this week by suggesting her party may consider reforming the commitment.

  • January 17, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the family of the late chairman of Leicester City FC sue a helicopter manufacturer for £2.15 billion ($2.63 billion), Vivienne Westwood bring a copyright claim against the late designer's foundation and blockchain giant Tether file a new claim in its ongoing dispute with crypto trading firm Swan Bitcoin. Here, Law360 looks at these and other new claims in the U.K.

  • January 17, 2025

    EU Cancels Major Incident Report Guidance For Finance Firms

    The European Union's banking watchdog said Friday it has canceled its guidelines on major incident reporting under payment services rules because of related requirements under a new regulation on how financial firms deal with technology risks.

  • January 17, 2025

    FCA Vows Regulatory Review As Gov't Pushes Growth Agenda

    The Financial Conduct Authority said Friday it will strip back reporting requirements and overlapping regulation in a bid to reduce the burden on firms, after the government urged U.K. regulators to come up with ideas on how to boost economic growth.

  • January 17, 2025

    FCA Urged To Act Against High Insurance Claim Rejections

    Britain's financial watchdog must step in to protect customers from unfair claims handling practices by insurers that feature high rejection rates, according to a consumer advocacy group.

  • January 17, 2025

    MPs To Quiz Women's Pension Campaigners Over Redress

    Campaigners who fought for women to be compensated for historical state failures to tell them that their retirement age had changed will testify to lawmakers for the first time since the government decided against launching a redress scheme.

  • January 16, 2025

    Ardian Lands $30B For Historic Secondaries Investment Fund

    Private equity shop Ardian has clinched its ninth secondaries fund after amassing $30 billion of investor commitments, making it the largest ever secondaries fund to close globally to date, according to a Thursday statement.

Expert Analysis

  • Post-Brexit UK Likely To Conform With EU On Human Rights

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    In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.

  • The Evolution Of GDPR Enforcement Across The EU

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    With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.

  • Series

    Why I Became A Lawyer: Being There For Families In Trouble

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    My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.

  • 3 Ways To Leverage Vulnerability For Lawyer Well-Being

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    Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.

  • Zurich Case Brings Clarity To Complex Contempt Proceedings

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    The U.K. Court of Appeal's recent decision in Zurich v. Romaine provides insight into the meaning of "in the public interest" in the context of bringing contempt proceedings against a party or witness who verifies false claims, says Matt Peacock of Signature Litigation.

  • What A No-Deal Brexit Would Mean For Dispute Resolution

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    In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.

  • The Problem — And Opportunity — Of Implicit Bias In The Bar

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    Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.

  • Roundup

    Pursuing Wellness

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    In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.

  • Series

    Why I Became A Lawyer: Expanding The Meaning Of Diversity

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    My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.

  • 2 Perspectives On Navigating The Litigation Funding Process

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    Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.

  • Answers To Key Legal Finance Ethics Questions

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    While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.

  • Competing Legal Factors Vex Insurance Arbitration Disputes

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    The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.

  • Cannabis Investors Should Beware Money Laundering Risk

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    Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.

  • Real-Life Lessons For Lawyers From 'Game Of Thrones'

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    What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.

  • UK Firms Should Be Prepared For Government Raids

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    Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.

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