Why timely notification matters

The recent judgment in Makin v QBE Insurance (Europe) Ltd [2025] EWHC 895 (“Makin”) highlights the importance of notifying potential insurance claims promptly. This case, which reinforces the significance of
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Supreme Court and the insurers’ duty of due diligence

In a recent 2025 judgment, the Colombian Supreme Court of Justice (hereinafter, the “SCJ”) ruled on a constitutional proceeding (acción de tutela) filed against a second-instance decision issued by the
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What does the SFC say about coverholders registered in REACOEX?

Colombian regulator clarifies rules for foreign reinsurers’ underwriting agencies (coverholders) In a legal opinion issued in May 2025, the Colombian Superintendence of Finance (the “SFC”, for its acronym in Spanish)
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Insurers’ duty of due diligence to verify the nature of the risk

Insurers’ duty of due diligence to verify the nature of the risk In a recent ruling issued in 2025, the Colombian Constitutional Court (hereinafter, the “Court”) ruled on key aspects
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Indemnity under performance bond insurance for loss of opportunity

In a recent 2025 ruling, the Council of State (the “CS”) clarified that, for an insured party covered under a performance bond to claim compensation for loss of opportunity, it
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Streamlining Environmental Permitting is Part of White House AI Action Plan

The Takeaway A cornerstone of the White House’s new AI Action Plan is to remove regulatory barriers and streamline environmental permitting for the infrastructure needed to implement the Plan. Overall
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Bancassurance: Bank sanctioned for breach of duty of due diligence

In a recent 2025 sanction, the Colombian Financial Superintendence (the “SFC”, for its acronym in Spanish) imposed a penalty on a bank for deficiencies in the management and safekeeping of
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California Supreme Court enforces forum selection clauses

Businesses often include forum selection clauses in contracts, which restrict where the parties to the contract may sue each other. California has a strong public policy in favor of the
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Colombia enacted Law 2475 to guarantee the inclusion and non-discrimination of cancer survivors

On July 9, 2025, Colombia enacted Law 2475, which (i) seeks to guarantee the inclusion and non-discrimination of cancer survivors within the framework of insurance contracting, and (ii) modifies Article
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New Corporate Governance Rules in the Insurance Sector

The Superintendence of Insurance and Reinsurance of Panama recently approved Regulation No. 3-2025 of June 19, 2025. This marks the third regulatory instrument addressing and regulating good corporate governance for
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