Category: Insurance

Cooley partners publish Insurance Day article on cyber due diligence and insurance

Cooley partners Mark Deem and Mark Everiss recently published the following article in Insurance Day. The original article can be found here (log in required). Legal Focus: UK data regulator increases focus on cyber due diligence and insurance in M&A The announcement at the start of the summer the UK’s […]

NAIC Set to Revise Anti-Rebating Laws

As part of our insurtech practice, we are frequently asked to advise on state insurance anti-rebating laws. These laws prohibit insurance companies or brokers from providing policyholders with anything of value (above certain de minimis thresholds) that is not specifically included in the terms of the policy, as an inducement […]

The future of insurance regulation in a time of technological change: a perspective from the NAIC’s Spring Meeting 2019

A key part of the counsel we provide to our insurtech clients is assisting them in navigating the insurance regulatory landscape, with 50 separate state-based legal systems regulating the insurance industry. While having to comply with 50 separate laws every time you make a business decision can appear to be […]

The end of auto insurance as we know it: How big data will reshape the future of the autonomous vehicle insurance market

Despite the recent wave of articles forecasting that the rise of autonomous vehicles will lead to a decline in auto insurance premiums, we believe it is more accurate to say that the advent of self-driving cars will cause the personal auto insurance policy, as we know it, to disappear at […]

PLUS D&O Symposium: Rise of Cryptocurrency and Blockchain Creates New Exposures

Last week, the Professional Liability Underwriting Society (PLUS) held its annual Directors and Officers (D&O) insurance symposium, which brings together key players and thought-leaders in the insurance industry to discuss leading issues impacting the D&O insurance marketplace.  The symposium included excellent panel discussions on emerging trends and significant insurance issues, […]

Insurtech in the US, Bermuda and Beyond – presentation, Thursday 21 February

Next Thursday 21 February, Cooley partner Heidi Lawson and Special Counsel Greg Hoffnagle will be presenting at Lloyd’s of London on ‘Insurtech in the US, Bermuda and Beyond’.

US: Second Circuit Highlights Importance of Disclosures in Insurance Policy Warranty Statement

The United States Court of Appeals for the Second Circuit recently issued a decision highlighting the significance of full disclosure in an insurance policy warranty statement and the critical importance of negotiating such warranty statements to define the specific persons whose knowledge may be considered knowledge of the company for […]

Supreme Court rules on scope “malice” in war risks insurance policy

  In Navigators Insurance v Atlasnavios Navegacao [2018] UKSC 26, the Supreme Court was asked to consider whether the smuggling of cocaine on a vessel, unknown to the owners or crew, constituted a ‘person acting maliciously’ in a war risks insurance policy. The clause in question was the standard form […]

ACOD B – A 1980s Design Success

The special features of mesothelioma (its “indivisible” nature and its long latency) have thrown up many complex legal questions resulting in the creation of special mesothelioma jurisprudence and legislation governing the liabilities arising from the disease and how insurance should respond. Those developments have taken nearly 20 years, but the […]

High Court Rules on Notifications to Separate Policy Years

In The Cultural Foundation v Beazley Furlonge and Others [2018] EWHC 1083 the Commercial Court considered the division of liability between primary and excess insurers in circumstances where it was unclear to which year the relevant claims had been notified. There were several other preliminary issues in this case, however […]