2021 Criminal prosecution of insurance fraud in LatAm

One of the great challenges facing insurers today is to have effective tools against insurance fraud. To this purpose, some Latin American countries have opted to include this type of conduct as a crime in their criminal law. Others, on the other hand, have opted for a generic criminal offense, such as fraud, which could
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Insuralex AGM – 2021 (Zoom)

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PEREYRA & ASOCIADOS (P&A) chosen as the Exclusive Member in Dominican Republic by Insuralex.

Ranked Dominican law firm Pereyra & Asociados (P&A) has announced it has been chosen by Insuralex Global Insurance Lawyers Group, a worldwide association of independent insurance and reinsurance lawyers, as its exclusive member firm in the Dominican Republic. A long running, ranked, acclaimed and renown Law Firm with ample experience and known capabilities, Pereyra &
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Does a broker owe a ‘duty to nanny’?

A summary of the case of ABN Amro Bank N.V. v Royal & Sun Alliance plc and 13 Underwriters and Edge Brokers (London) Limited. With the nature and extent of the fall-out for insurance brokers from the FCA test case yet to fully emerge (though anecdotal evidence suggests the volume of precautionary notifications are substantial),
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Approval of the Royal Decree on training within the scope of insurance distribution

Latest additions to the Royal Decree on training in order to implement Directive (EU) 2016/97. A few weeks ago, the Council of Ministers in Spain approved the Royal Decree 287/2021, of 20 April, on training and statistical-accounting reporting of insurance or reinsurance distributors, which would complement the Royal Decree 3/2020, on urgent action, in which
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Insurtech in Claims: Faster, better, cheaper

Insuralex´s Exclusive member in UK (Carter, Perry Bailey) and Insuralex´s Sponsor (Lowers Forensics International) provide a summary of key developments related to Insurtech and Insurance Claims. THOUGH INSURERS, BROKERS, MANAGING AGENTS, and all others who play a part in insurance have different roles and objectives, the push towards a digitally connected world has led to
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Full webinar recording on demand: Class Action in Europe

Full recording on demand: Class Action in Europe – developments towards a “new normal” in litigation in light of the directive (EU) 2020/1828?   The European Parliament has adopted legislation to allow EU consumers to defend their rights collectively. This will be transposed into national law within two years. At the moment, there is quite a diverse
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Historic 2020 Wildfires Spark Proposed Insurance Coverage and Bad Faith Legislation in Oregon

The wildfires that ripped through Oregon in September of 2020 caused unprecedented damage, and sparked legislation that would expand property coverage and look to create a bad faith cause of action in Oregon.    HB 3272 seeks to amend ORS 742.230 to require several changes to property coverage provided in homeowner policies – if passed, among
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A kind of digital vaccine: The importance of insurance coverage for cybercrime

COVID-19, in and amongst all its other ramifications, has been a catalyst for digital evolution. In this context, it is important to note that the threats and vulnerabilities of the digital world are not new but have become more frequent. The Federal Bureau of Investigation (FBI) reported a 300% increase in cybercrimes in April 2020.
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COVID-19 – ONE YEAR ON: Insurance implications

We reflect on the past year – and look at what is next for event cancellation, travel and life/protection insurers On 23 March 2021, the UK marked the anniversary of the announcement of its first coronavirus lockdown. On the same day, there was a glimmer of hope as the British & Irish Lions rugby union
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