The Word, September 2024
Welcome to September’s edition of The Word, where we bring insight and updates from across the insurance sector.
In this month’s edition we examine the short-term insurance market and what insurers should look out for.
We highlight the findings of racial discrimination following earthquake losses in Oklahoma and the biases present in claims settlements.
We then consider how councils becoming vicariously liable for abuse by kinship foster carers may cause implications for local authority insurers.
Additionally, there are some recent updates from the Lloyd’s Market Association (LMA) – we take a look at the new Open Form Default Clause for marine hull insurance policies, as well as the Computable Binding Authority Agreement Consultation.
Regular readers may remember our previous LMA update on PFAS exclusions. In this edition we take a deeper look into these ‘forever chemicals’ and what impact any damage they cause may have for insurers.
We also consider Google ad spoofing in insurance and how the Online Safety Act may impact this.
We hope you find this edition informative and insightful.
Tim
Contents
- Latest short-term insurance trends
- Oklahoma earthquake: Racial discrimination in adjudication
- Local authority insurers: Vicarious liability in kinship carer abuse
- The LMA's new Open Form Default Clause
- LMA binders’ consultation
- PFAS: The issue that won’t go away
- Will the Online Safety Act help reduce Google ad spoofing in insurance?
Meet the team
Tim Johnson
Partner
Joanna Wallens
Associate
Lauren Wilkinson
Trainee Solicitor
.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, December 2024
Legal Update
Walking the fine line: The statutory duty of candour and insurance
Legal Update
FCA launches consultation on broker remuneration for multi-occupancy buildings insurance
Legal Update
AI is creating fraudulent claims
Legal Update
Shoplifting epidemic by organised criminal gangs: The impact for insurers
Legal Update
Death and disgrace policies: What can insurers learn about the allegations against Gregg Wallace?
Legal Update
Insurance complaints surge continues
Legal Update
The ‘grate’ cheese robbery: Implications for insurance professionals
Legal Update
Environmental crime and the impact for insurers
Legal Update
What might a Trump victory mean for the UK insurance industry?
Legal Update
Post Office scandal: Lessons for underwriters
Legal Update
Weather protection parametric insurance: A sign of things to come?
Legal Update - The Word
The Word, November 2024
Legal Update - The Word
The Word, October 2024
Legal Update
Updates to the UK’s Arbitration Bill
Legal Update
Ozempic: The rising costs and coverage issues of weight loss medication
Legal Update
ICAEW: Changes to PII requirements
Legal Update
Contractor insolvency: Peabody Trust v NHBC
Legal Update
By a narrow 2 to 1 majority, the Court of Appeal finds in favour of insurers in the construction of an exclusion clause in a W&I policy
Legal Update
LMA binders’ consultation
Legal Update
Smooth sailing ahead: The LMA's new Open Form Default Clause
Legal Update
PFAS: The issue that won’t go away
Legal Update
Oklahoma earthquake: Racial discrimination in adjudication
Legal Update
Vicarious liability for kinship foster carer abuse: Implications for local authority insurers
Legal Update - The Word
The Word, September 2024
Legal Update
Latest short-term insurance trends
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
