Global | Publication | January 2016
In this edition of Insurance focus we review some of the developing regulatory approaches being taken in the European insurance market. Centre stage in terms of policy priorities are the use of personal information and in particular the use of what is known as ‘big data’ in underwriting and the growing adoption of product governance to control the risk of misselling and poor consumer outcomes.
We also consider the proposed amendment to the Insurance Act 2015 that will enable insureds to bring damages claims for late payment under insurance policies – a change to the long-standing principle under English law that insurance claims cannot give rise to damages for late payment.
In our case notes section we include an update on the Deepwater Horizon litigation and consider a recent new development on penalty clauses in English law.
Finally, in our international focus section we report on developments in the insurance market from Australia, China, Italy, Singapore and the United Kingdom.
Publication
On 24 October 2024, the Court of Justice of the European Union (CJEU) confirmed that the European Commission’s (the EC) 2009 decision, which imposed a (then record) €1.06 billion fine on Intel, was flawed as far as it found that loyalty rebates granted by Intel had anti-competitive effects.
Publication
The Dutch tax classification system for non-Dutch entities will undergo significant changes as of 1 January 2025.
Publication
In King Crude Carriers SA & Ors v Ridgebury November LLC & Ors [2024] EWCA Civ 719 the Court of Appeal held that the claimant sellers (the Sellers) were entitled to claim the deposits promised under sale contracts as a debt despite the defendant buyers’ (the Buyers) breach of contract, which had resulted in the non-fulfilment of a condition precedent to the payment of the deposits.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023