WHAT DID SANTA LEAVE FOR PROPERTY INSURERS? New California Laws Affecting Property Claims in 2021
Thursday, 07 January 2021
Every year, it seems, the California state government leaves “gifts” for property and casualty industry. The 2020 legislative session was no exception. Most new legislation takes effect on January 1, some takes effect immediately, and some does not become operative until July 1, 2021. This year’s “gifts” included new statutory language applicable when a
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South Africa: Professional indemnity insurance amidst COVID
Thursday, 05 November 2020
Economies across the globe, specifically small businesses, have taken a pounding from the effects of the pandemic. Practicing lawyers have not been immune to the adverse effect of it. This discussion is centered more directly on the impact of COVID-19 on Professional indemnity and the impact it may have on South African lawyers and law
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Revision of the Swiss Insurance Contract Act (SICA)
Tuesday, 27 October 2020
1. INNOVATIONS AT A GLANCE This newsletter provides an overview of the most important practical changes to the revised SICA, which is expected to come into force on 1st January 2021. The revision brings, among other things, innovations in the area of the provisions for conclusion and termination of contracts, the limitation periods, the protection
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There is no “lawyer’s paradise”: Interpreting contracts of insurance
Thursday, 01 October 2020
It is well known that insurance contracts need not be reduced to writing to be rendered enforceable, however, given that insurance is, by and large, a risk transferring enterprise it is commonplace to find the terms of the contract reduced to a written agreement (policy). This obviates the need for either party to prove the
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FREE Insuralex Webinar: Insurance digital commercialization in Latin America
Tuesday, 29 September 2020
Digital commercialization for insurers in Latin America ceased to be a long-term development project to became a top priority to them. It gained special relevance during the year 2020 due to the Covid-19 pandemic, whose effects prevented the insurance market from commercializing its products through the customary mechanisms. As jurisdictions in Latin America have several
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FCA Business Interruption Insurance Test Case – the Judgment
Monday, 21 September 2020
A summary of the judgment in the FCA business interruption insurance test case Following the 8-day hearing of the FCA business interruption insurance test case, which commenced on 20 July 2020 (you can read our summary of the hearing and the background to the claim here), the High Court handed down its judgment on 15
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