The Word, August 2024
For our August edition of The Word we cover a range of topics of interest from across the insurance sector.
In light of recent events, we take a closer look at the CrowdStrike outage and its impact on the insurance industry. We also consider recent riots in the UK and the implications for insurers.
After a summer of sport, we examine the insurance landscape at the Olympics and what insurers need to consider when covering athletes and events…do some really insure their body parts?
Additionally, we explore how artificial intelligence is putting the 'actuarial defence' to the test and what this means for insurers. We also take a look at the Supreme Court ruling of Lipton and Another v BA Cityflyer Ltd and consider how this clarifies the scope of the extraordinary circumstances defence under EU Regulation.
Finally, as the French consider influencers’ misconduct (the social advertising type - not the Love Island breakup type…) we also cover their new influencer law and its potential impact on the insurance industry.
We hope you find this edition informative and insightful.
Tim
Contents
- The impact of UK riots on insurers
- Insuring a summer of sport
- The CrowdStrike outage: Assessing the fallout for the insurance market?
- Under the influence: France introduces insurance requirement for influencers
- The Supreme Court ruling of Lipton and Another v BA Cityflyer Ltd
- Artificial intelligence putting the ‘actuarial defence’ to the test?
Meet the team
Tim Johnson
Partner
Joanna Wallens
Associate
Lauren Wilkinson
Trainee Solicitor
Molly Jeffs
Insurance Wording Technician
.jpg)
Thomas Gibby
Senior Associate
Key contact
Tim Johnson
Partner
tim.johnson@brownejacobson.com
+44 (0)115 976 6557
You may be interested in...
Legal Update - The Word
The Word, August 2024
Legal Update
Words matter: Another case on the importance of accurate drafting
Legal Update
London Fire Brigade to stop attending for automatic fire alarms: Implications for insurers
Legal Update
Navigating Oil Price Cap legislation: LMA issues revised Cargo and Hull wordings
Legal Update
It’s not cricket: Insurers change their mind about jurisdiction
Legal Update - The Word
The Word, July 2024
Legal Update
Multi-occupancy building insurance: Latest tribunal decision
Legal Update - The Word
The Word, June 2024
Legal Update - Consumer Duty
Updated UK Consumer Wordings Guidance: Browne Jacobson collaborates with the LMA
Legal Update - Consumer Duty
From products to protection: The rise of embedded insurance
Legal Update
The European Accessibility Act: Inclusive products and services
Legal Update
Final FCA anti-greenwashing rule guidance published
Legal Update - The Word
The Word, May 2024
Legal Update
The Baltimore bridge collapse: One of the biggest losses in maritime insurance history?
Legal Update
The space data revolution
Legal Update
New guidance on supporting autistic customers for the insurance industry
Legal Update
Chubb ordered to indemnify SXSW for Covid cancellation
Legal Update - The Word
The Word, April 2024
Legal Update - The Word
The Word, March 2024
Legal Update
Commercial Court considers requests for stay or anti-suit injunction where two competing reinsurance wordings
Legal Update
Parametric flood policies - Insurers no longer in uncharted waters?
Legal Update
LockBit unlocked: International taskforce takes down major cyber criminal organisation
Legal Update - Consumer Duty
80% of GAP market pause sales amid Consumer Duty concerns
Legal Update
FCA writes to MPs over car insurance premiums. What do increases mean for fraud?
Legal Update
Biodiversity Net Gain: A new landscape for restoration clauses
Legal Update
The regulators’ pet project
Legal Update
Welsh Government inks new regulations for Acupuncture, Body piercing, Electrolysis and Tattooing
Legal Update
Insurance and the escalating situation in Suez Canal
Legal Update
Update: Further debates on the Automated Vehicles Bill in the House of Lords this month
Legal Update - The Word
The Word, February 2024
Legal Update
Progress on the Automated Vehicles Bill
Legal Update - The Word
The Word, January 2024
Legal Update
Voldemort causes havoc at Sellafield – nuclear risks and insurance policies
Legal Update
A blow to manufacturers as Thai Court confirms insurers’ denial of cover in wind turbine case
Legal Update
Adapting to change or falling behind? The FCA under fire from the National Audit Office
Legal Update
Premium finance – a poverty premium
Legal Update
'Clear and unambiguous' exclusions: Cameron Soule v Woodward Design + Build LLC
Legal Update
Follow the leader: Insurers using algorithmic underwriting
Legal Update - The Word
The Word, December 2023
![Al Mana Lifestyle Trading L.L.C. & Others v United Fidelity Insurance Company PSC & Others [2023] EWCA Civ 61 – Update](/getattachment/b24270a8-0bb3-4a8a-bcf0-37830f99591b/shutterstock_710149084_6x4.jpg?variant=HeroImageTabletVariantDefinition)