Insuralex chooses AHM & Co as its exclusive member in Pakistan

AHM & Co, a boutique insurance law firm based in Lahore, Pakistan announced today that it has become the exclusive member firm in Pakistan for Insuralex Global Insurance Lawyers Group, the world’s leading insurance and reinsurance law firm network.   As part of Insuralex, clients and Insuralex´s insurance law firms will have access to AHM & Co recognised insurance and reinsurance
Tagged under: ,

#InsuranceLaw Round up of 2020

Notwithstanding the significant lockdown period during the second quarter of the year, as well as the continuing restrictions that have been imposed since then, the courts have continued to operate. As a result, there have been a number of decisions, which will be of interest to both the insurance and reinsurance markets, some of which
Tagged under: , ,

WHAT DID SANTA LEAVE FOR PROPERTY INSURERS? New California Laws Affecting Property Claims in 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
Tagged under: , ,

South Africa: Professional indemnity insurance amidst COVID

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
Tagged under: , ,

Revision of the Swiss Insurance Contract Act (SICA)

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
Tagged under: , ,

There is no “lawyer’s paradise”: Interpreting contracts of insurance

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
Tagged under: , ,

FREE Insuralex Webinar: Insurance digital commercialization in Latin America

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
Tagged under: , , , ,

FCA Business Interruption Insurance Test Case – the Judgment

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
Tagged under: , ,

Impact of COVID-19 on the operational and construction all risk insurances

Our exclusive member of Argentine has published an article (in Spanish) on the Impact of COVID-19 on the operational and construction all risk insurances. Please find the article below. The article highlightes the following topics: ·      Pandemic as a fundamental risk; ·      Absence of direct physical damage as a result of
Tagged under: , ,

2020 Insurance digital commercialization in Latin America report

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
Tagged under: , ,