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Collision claims: changes to English Admiralty Court procedure
Posted: 15/05/2023
New rules regarding collision claims came into force on 6 April 2023, with implications for the English Admiralty Court procedure. This article reviews the changes and how they will affect the handling of claims before the court. Previously, parties were required to disclose electronic track data (VDR, ECDIS, AIS etc) prior to pleading their case......>>
Recognition for Madrid and Piraeus shipping and insurance teams in The Legal 500 EMEA 2023
Posted: 12/05/2023
The shipping and insurance teams from Penningtons Manches Cooper’s Madrid and Piraeus offices have been ranked in the latest edition of The Legal 500 Europe, Middle East and Africa. For work in Spain, the firm has been ranked in both the categories ‘transport: shipping’ and ‘insurance’. The shipping team, an ‘excellent and sound team......>>
Is crypto insurance the key to a resurgence in the crypto marketplace?
Posted: 23/09/2022
This article considers the current state of the crypto insurance market, some key points for crypto firms and investors to be aware of when considering incepting crypto insurance, and whether a seismic change in the crypto insurance market may be on the horizon......>>
Legal recourse for declining or terminating travel cover
Posted: 07/04/2022
A report from the Association of British Insurers (ABI) in October 2021 confirmed that while detected travel insurance frauds decreased in 2020 (due to the reduction in overseas travel), the value of the 770 detected scams was up 2 per cent at £1.8 million, with an average fraudulent claim reaching £2,358......>>
The complex issues of double insurance and contribution
Posted: 25/03/2022
Louise High of Penningtons Manches Cooper looks at the complex issue of double insurance and contribution, sharing when this issue occurs and how to navigate it. The complex issue of double or dual insurance and contribution occurs frequently in the insurance industry....>>
Whistleblowing: get ready for a lot of noise
Posted: 22/02/2022
Whistleblowing is very much in the FCA’s spotlight. The regulator is urging people to call time on malpractice and last year it launched a campaign to “encourage individuals to report wrongdoing” alongside a digital toolkit. The focus on whistleblowers must be seen in the context of the FCA’s Senior Managers and Certification Regime (SM&CR)......>>
FCA grapples with forces reshaping financial services
Posted: 27/07/2021
On 15 July 2021, the Financial Conduct Authority (FCA) published its business plan (the Business Plan) for 2021/22, its first since Nikhil Rathi was appointed CEO in October 2020. Rathi warned that the Business Plan has been designed to grapple with the “profound forces” which are reshaping financial services......>>
The effect of Covid-19 on the insurance sector in Spain
Posted: 31/03/2020
The Covid-19 crisis represents a significant challenge for the insurance sector worldwide. The effects will be felt, and an increase of claims may be expected, across most types of insurance: especially health, travel and tourism, business interruption, trade credit and cyber risks.
Coronavirus and business interruption insurance worldwide
Posted: 27/02/2020
As a consequence of the rapid spread of the Coronavirus (now named COVID-19) worldwide, policyholders of combined commercial property and business interruption insurance policies are likely to suffer business interruption losses, either directly or connected with their supply and distribution chains......>>
Cyber risks insurance: the latest trends
Posted: 11/11/2019
The growth of specialist cyber insurance as an independent line of business in the insurance industry has been the result of wide-ranging data protection and notification laws enacted in US states in the past decade or so......>>

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