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There is no escaping the negative impact of the COVID-19 pandemic on the construction industry in Latin America, both on existing projects and future potential. Each government in Latin America has taken the precautions it has deemed necessary.
The coronavirus pandemic has affected certain areas of the regional re/insurance market more than others, with construction insurers and reinsurers particularly exposed.
The fifth edition of the annual Miami Latin American Claims (re) Insurance Forum, taking place between June 11-14 2019, in Miami, and hosted by Kennedys and QLDG was a resounding success.
A year ago, the Governor of California signed the California Consumer Privacy Act of 2018 into law. Known as the first comprehensive privacy regime in the United States, the Act imposes on businesses significant privacy obligations, creates a number of privacy rights, and provides for enforcement both through private right of action and regulatory enforcement.
Over the past five years Latin America has seen a rise in the prevalence of cyber risk. Cyber attacks have become increasingly common, with financial institutions the main target, particularly via social engineering; the manipulation of employees into breaking security procedures to gain access to systems or networks.
Over the past 10 years, there has been a record increase in the filing of securities litigation against foreign companies that issue securities in the United States, most commonly via American Depository Receipts.
It does not matter where you work or what you do, the recent spotlight on gender equality is having an impact on all businesses, regardless of size, nature or geographical location.
SUSEP regulation 553/2017
On 23 April 2017, SUSEP, the Brazilian insurance authority, issued its suspension of Regulation 541/2016--its most recent regulations on D&O insurance.
Towards the end of 2016, news broke of a Brazilian Federal Police investigation designated Operation Greenfield, a major fraud investigation that the Brazilian press has labelled the “new Lava Jato”.