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Loss of profits coverage due to machinery breakdown and the “stock acumulation” clause

Summary of Arbitral Award 142820 (September 9, 2024) An arbitration tribunal of the Bogota’s Chamber of Commerce resolved a dispute between an insured company (policyholder) and an insurer under a all-risk
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Some reflections on the coverage of claims caused by natural disasters: special reference to the DANA of October 2024

The High Level Atmospheric Depression (HLD) of October 2024 has become, in terms of personal and material damage, one of the most damaging natural disasters in recent years in our
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We will analyse the concurrence of fault in the harmful result and its consequences in civil liability matters.

The objective is to determine how contributory negligence can be applied to moderate or distribute civil liability between the parties involved in an accident, so as to achieve equitable compensation.
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The insurable interest in transport insurance

Among the most recent updates in insurance and reinsurance law in Colombia, particular attention has been given to a recent ruling by the Civil Chamber of the Supreme Court of
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The effectiveness of the damage as a basic requirement for assessing the existence of civil liability.

One of the requirements for the assessment of the State’s financial liability is the effectiveness of the damage; however, in civil law it has also been recognised that in order
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On the coverage of LEGAL DEFENCE INSURANCE in cases of free choice and conflict of interest

On the coverage of LEGAL DEFENCE INSURANCE, in cases of free choice and conflict of interest, according to the SUPREME COURT RULING of 14 July 2020, Rapporteur D. Eduardo Baena
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Insuralex´s Latin American members awarded by Chambers

Insuralex is glad to announce that an important number of its Latin American members have been awarded by Chambers Latin America. The Chambers Latin America Awards 2024 are the awards
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Webinar FIDES & Insuralex: 2024 Insurance regulatory update in Latin America

FIDES (Federación Interamericana de Empresas de Seguros) in collaboration with Insuralex are glad to present the New Edition of the Report on Insurance Regulatory Matters. Program: (Miami 9:30h, Madrid 15:30h,
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Photos: Launch of the New Edition of the Report on Insurance Regulatory Matters

FIDES (Federación Interamericana de Empresas de Seguros) in collaboration with Insuralex organized the launch of the New Edition of the Report on Insurance Regulatory Matters. Hosted by Estudio Carvallo (Insuralex´s
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Bellini (N/E) Ltd (t/a Bellini) v. Brit UW Ltd

Court of Appeal affirms the importance of clear drafting In Bellini (N/E) Ltd trading as Bellini v Brit UW Limited [2024] EWCA Civ 435 (see the judgment here), the Court
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Save the date: 2025 Insuralex Madrid International Insurance Summit

Save the date: 2025 Insuralex Madrid International Insurance Summit  Insuralex International Insurance Summit arrives to Madrid, Spain.  The annual Global Insurance Summit, organised by Insuralex, has been a pivotal gathering
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Launch of the New Edition of the Report on Insurance Regulatory Matters

FIDES (Federación Interamericana de Empresas de Seguros) in collaboration with Insuralex are glad to announce the launch of the New Edition of the Report on Insurance Regulatory Matters. Topics include:
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Learn about the most critical trends shaping the Colombian insurance industry in 2025!

Our exclusive member in Colombia, Brigard Urrutia, and Asociación Insurtech Colombia are thrilled to invite you to an in-person event tackling the most critical trends shaping the insurance industry in 2025. 📅 Save
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On the moment of the start of the calculation (‘dies a quo’) of the limitation period in the damage insurance

In this case analysed, the Court upholds the contested judgement declaring the non-existence of prescription of the action brought, because, in accordance with the jurisprudential doctrine that it establishes, ‘the
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Coverage of claims caused by natural disasters. Special mention of the August 2024 DANA in the Balearic Islands

As lawyers specialising in Insurance Law, when natural phenomena occur which, due to their magnitude, generate considerable damage, we receive numerous queries from affected individuals. In this sense, insurance policies
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Meet Insuralex at the 2024 European Traffic Law Days

The 2024 European Traffic Law Days will take place on 3th and 4th October 2024 in Porto, Portugal. (Renaissance Porto Lapa Hotel) Insuralex is pleased to be sending a member
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Our Exclusive Member in Brazil (Pinheiro Neto) organized an event about trends and opportunities in guarantee insurance

Trends and opportunities in guarantee insurance [seguro garantia] were addressed in an open event that was held in Pinheiro Neto´s auditorium (SP), in partnership with Sou Segura and the Brazilian
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Meridian Lawyers propels its digital strategy forward with ground-breaking technology from Cicero AI

Insuralex Australia (Meridian Lawyers) is thrilled to announce its partnership with Automatise, the company behind Cicero, the first private AI solution for legal professionals. Adopting Cicero as an application to

Arzinger joins Insuralex as exclusive member in Ukraine

Arzinger has become part of the Insuralex global network, an influential group of more than 50 independent law firms from around the world specializing in insurance. It is important that
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We look forward to seeing you in Monte Carlo 2024!

Insuralex is pleased to announce that a member delegation will attend the “Rendez-Vous de Septembre (RVS)” from September 7th to 11th , 2024. You can meet our delegation at the
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Save the date: 2024 Insuralex Chile Latin American Meeting

Save the date! Insuralex is pleased to announce the 2024 Insuralex Chile Latin American Meeting. Hosted by Estudio Carvallo (Insuralex´s Exclusive Member in Chile), the 2024 Insuralex Chile Latin American Meeting will
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California Supreme Court limits policyholder illusory coverage arguments

Policyholders often contend a limitation or exclusion of coverage in an insurance policy is “illusory” and thus should not be enforced. On August 8, the California Supreme Court ruled that
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2024 Parametric Insurance in Latin America: Update

Insuralex is pleased to present this executive report updated to the year 2024 on some of the most important topics of how insurance markets in Latin America are regulated and
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Insuralex welcomes Mason Hayes & Curran as exclusive member for Ireland

Insuralex welcomes Mason Hayes & Curran as exclusive member for Ireland Insuralex, the world’s pre-eminent and (re)insurance law firm network, has welcomed the award-winning Irish business law firm, Mason Hayes
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California Changes Summary Judgment Rules for 2025

On July 15, Governor Newsom signed AB 2049, which changes the rules for summary judgment motions in state court effective January 1, 2025. While there are a number of deadline
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Norman Hay plc v Marsh Ltd

In Norman Hay plc v Marsh Ltd [2024] EWHC 1039 (Comm), in the context of a summary judgment application, the High Court considered the correct approach when determining a claim
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The judge agreed the non-application of the multiple deductibles, considering it as a limitation of the rights of the insured subject to the provisions of art. 3 of the Insurance Law

In this article we will analyse the judgement issued by the Examining Court nº 1 of Negreira in the verbal procedure 13/15 2022, by which the insurance company involved is
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Co-responsibility of civil liability between franchisees belonging to the same franchise, for their participation in the treatment of an implantology patient

In this article we will analyse the judgement handed down by the Provincial Court of the Balearic Islands We will analyse the judgement of 14 April 2020 of the Provincial
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The Intricacies of Cross-Border Claims in Hospitality

Recently, I had the privilege of participating in a discussion panel at the Insuralex 2024 Summit in Miami last May. The conference was both interesting and fruitful, living up to
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Insuralex includes BLP Nicaragua in its Latin American team

Insuralex includes BLP Nicaragua in its Latin American team. Insuralex Latin American insurance law practice covers countries such as: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El
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Insuralex welcomes BLP Honduras, expanding its unmatched reach

Insuralex Welcomes BLP Honduras, Expanding Its Unmatched Reach Neftalí Garro, Partner in charge of BLP’s (Re)Insurance Practice in Central America, stated that “BLP is committed to providing the best service
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Aon, new Insuralex´s global sponsor

Aon, new Insuralex´s global sponsor Insuralex is pleased to announce that Aon has become its new global sponsor. Recently aon sponsored the successful 2024 Insuralex Miami International Insurance Summit Hugo
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Recent changes to the insurance and reinsurance regime in Argentina

The Argentine Insurance Regulator (“SSN”) has been introducing several amendments to the General Insurance Activity Regime (“RGAA”), which comprises the central guidelines and regulations for insurance and reinsurance companies in
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El Salvador: Insuralex covers another jurisdiction in Latin America

El Salvador: Insuralex covers another jurisdiction in Latin America Prestigious Central American law firm BLP has been chosen by Insuralex Global Insurance Lawyers Group, the largest worldwide association of independent
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Takeaways 2024 Insuralex Miami International Insurance Summit

Parametric Insurance, AI, Cyber Risks, Hospitality claims and the future of insurance were the main topics discussed at the 2024 Insuralex Miami International Insurance Summit sponsored by Aon and advanta.
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Photos I: 2024 Insuralex Miami International Insurance Summit

The annual Global Insurance Summit, organised by Insuralex, has been a pivotal gathering for more than two decades (London, Chicago, New York, Dublin, Los Angeles, Munich, Bermuda, etc.) with hundreds of
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Carlos Sucre Elected President of Insuralex

Insuralex is pleased to announce that Carlos Sucre, (Sucre | Arias | Reyes, Exclusive Insurance law firm member in Panama) was recently designated as president of Insuralex, during its annual
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The possible civil liability that could be caused by the use of artificial intelligence. The case of Air Canada.

In this article we will reflect on the civil liability derived from the use of artificial intelligence (AI) and the problems of its use. This article aims to raise awareness
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Comparative law report on judicial expertise for Europe and UK

A number of the European Insuralex members have once again joined forces to draft an interesting comparative legal report on judicial expert law in Europe and the United Kingdom.  A
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How will the latest reform on procedural efficiency affect civil proceedings?

The recent Royal Decree-Law 6/2023, of 19 December, which came into force on 20 March 2024, has tackled an ambitious reform of the civil jurisdiction aimed at achieving greater efficiency
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Recent changes in Polish insurance law

I. Recent changes in Polish insurance law On September 29, 2023, the Law of August 16, 2023, on amending certain laws in connection with ensuring the development of the financial
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Last seats available! Last chance. Miami International Insurance Summit

Important update: Event fully booked. Waiting list opened.  We are proud to announce that almost 90% of the seats are already reserved. Once all seats reserved, Insuralex will open a
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Insuralex Welcomes ENS as Member for South Africa

Insuralex Welcomes ENS as Member for South Africa ENS, with offices in 7 jurisdictions across the African continent, is Africa’s largest corporate law firm, one of its specialities being Insurance
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Electric vehicles – implications for the insurance sector

The development of electric vehicles in the near future is a reality, supported by arguments such as consumer demand, promotion by state governments and environmental protection. This is a major
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The Supreme Court agrees with the insurance company on the limiting clauses of a life insurance policy.

At Belzuz Abogados, as expert lawyers in Insurance Law, we receive numerous queries and cases related to all branches of this speciality, which means that we are always up to
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Insurance contract: effects of non-payment of the successive premium due to a cause attributable to the policy holder against an injured third party.

As already analysed by the Judgment of the 1st Chamber 357/2015 of 30 June, the effects of non-payment of the premium in the insurance contract differ depending on whether the
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The Supreme Court upholds a medical insurer who sued against its own medical team

I. Introduction At Belzuz Abogados, as specialists in Insurance Law, we receive queries and are familiar with the management of procedures in all aspects of this broad legal branch, and
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Insurance contracts: implications of misrepresentations

In a recent ruling, the Colombian Constitutional Court (the “Court”) outlined significant guidelines concerning the repercussions of misrepresentations made by policyholders at the inception of an insurance policy. In an
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Class action Lawsuits in the United States against insurance companies

In the United States, it is now somewhat common for an insured-claimant, seeking to be designated as class representative, to initiate a putative class action lawsuit against an insurance company,
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Insuralex, year after year, ranked band 1 in Insurance by Chambers and Partners

Thank you to our clients and Chambers and Partners for the recognition, once again, as Band 1. It’s our honor to be playing such a vital and global role in
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