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Article 12/12/2019
A step towards removing ‘silent cyber’ cover in marine?
On 30 January 2019, the PRA wrote to all insurers under the heading ‘Cyber Underwriting Risk: follow-up survey.’ This publication was intended to make it clear to customers, brokers and syndicates that all policies must be clear on the extent to which coverage is provided for losses caused by a cyber-event, by excluding or affirming coverage.
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Article 12/02/2019
Is your cargo safe on board an autonomous vessel?
Autonomous vessels and sailing has certainly grabbed many of the shipping – and even day-to-day – headlines in recent times.
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Article 12/02/2019
The insurance implications of a driverless marine cargo market
Similarly to developments in the auto industry, unmanned seafaring vessels could become prevalent in the future. But today
the trend is towards partial autonomy. -
Article 12/02/2019
Is automation the answer to insurers’ nightmares?
At every trucking fair and trade publication and in each promotional video the industry is demonstrating the advances in autonomous commercial vehicles.
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Case review 11/28/2019
Hunting the Chimera: the Supreme Court hears two key vicarious liability appeals in November 2019
The law of vicarious liability continues to exercise senior judicial minds, as the courts re-configure the traditional approach to this subject to meet the demands, evolving working practices and mores of the modern world. Two cases come before the Supreme Court this month and whilst we await the outcome we consider the potentially far-reaching ramifications for employers and insurers alike.
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News 11/27/2019
Adoption of fully automated shipping will take decades, not years
The UK is the second least supportive nation in their attitude towards the development of unmanned vessels, according to our study across six territories (United Kingdom, United States, Australia, China, Singapore and Hong Kong), and the least supportive of autonomous vehicles more generally.
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Article 11/26/2019
Insights from the Bank of England’s and Financial Conduct Authority’s joint report on machine learning
Machine learning is a sub-category of artificial intelligence whereby computer programmes develop predictive models or recognise patterns from data, with limited or no human intervention. In October 2019 the Bank of England and Financial Conduct Authority produced a report which outlines the findings from a joint survey they conducted earlier this year, the aim of which was to better understand the current use of ML in UK financial services.
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News 11/13/2019
Kennedys leads service satisfaction in London Market insurance law report
An independent and wide-ranging industry report that ranks insurance law firms across a variety of areas has seen Kennedys set the standard for service satisfaction levels.
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Article 10/29/2019
Large scale lawsuits present new challenge for insurers
In recent years, the US has seen a trend in large-scale litigation pushed forward by the plaintiffs’ bar in the form of class actions, which are often consolidated in state courts or take the form of multi-district litigation (MDL) in the federal court system.
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Article 10/22/2019
London Market Brief October 2019: cyber insights
A roundup of recent cyber related developments including: non-material damages under the GDPR; data protection laws in Asia-Pacific; cyber attacks in the education sector; regulation of cryptoassets; blockchain in the pharmaceutical industry; challenges presented by autonomous vehicles; and algorithms as a new emerging risk.