Tag Archives: insurance

Does public policy prevent recovery for fraud under Delaware law?

Delaware state seal

An interesting recent Directors and Officers (D&O) decision of the Delaware Court challenges the tacit assumption that public policy necessarily prevents recovery from insurers in cases where fraud and deliberate misconduct is alleged. The case concerns an action brought by … Continue reading →

Unbundling insurance components under IFRS 17: when is a contract not a contract?

close up of a person signing a set of documents

With the countdown to the implementation of the new global insurance accounting standard – IFRS 17 – well and truly on, insurers are (or should be) trying to understand what changes they’ll need to make to comply. In getting into … Continue reading →

An insurer’s ‘duty to speak’

a man and a woman in suits talking at a table with papers in front of them

Does an insurer have a duty to tell you that unless you take certain steps, you will lose rights under a policy of insurance? Depending on the facts, the answer may be yes. In the first Ted Baker Plc. and … Continue reading →

The insurance industry’s InsurTech autoimmune disorder

man sitting in front of a laptop with a pensive look

The warning signs and five steps to avoid the condition In my experience, large, highly successful companies tend to do three basic things extremely well: They protect the core business, manage risk and avoid big mistakes. Over time, these capabilities … Continue reading →

2018’s most dangerous risks for insurers

red flags on top of rocks by the ocean

One definition of insanity is “doing the same thing and expecting a different outcome.” Well, we asked insurers the same question in December 2017 that we asked in December 2016: What are the most dangerous risks to your company in … Continue reading →

The importance of D&O insurers’ commitment to advance defense costs

close up of gavel on judge's desk

The problem One of the most important provisions in any D&O policy is the commitment by insurers to advance defense costs pending the resolution of the claim. That’s because many large and complex claims, including U.S. securities claims, take many … Continue reading →

The Sharing Economy hits InsurTech

WeGoLook CEO, Robin Smith (right), presented her company’s offering to about 40 Willis Towers Watson colleagues in Chicago on November 30, 2017 during the monthly CHI-BAR event. Also pictured were the organizers and hosts of the event, Andrew Johnston (Head of InsurTech, left) and Greg Moore (Broker, center).

WeGoLook CEO, Robin Smith (right), presented her company’s offering to about 40 Willis Towers Watson colleagues in Chicago on November 30, 2017 during the monthly CHI-BAR event. Also pictured were the organizers and hosts of the event, Andrew Johnston (Head … Continue reading →

4 key takeaways from the 2017 ACORD Innovation Finals

InsurTech

For the last three years, ACORD has sought to accelerate digital transformation in insurance through its innovation challenge, a competition that highlights tech-driven solutions from some of the best and brightest in the business. Boston played host to this year’s … Continue reading →

Post-hurricane confusion in the energy insurance markets: 3 reasons why a market turn is too early to call

post-hurricane

Energy insurers were in a bullish mood as delegates gathered at the critical Baden-Baden reinsurance meeting last week. Their frame of mind didn’t come as a surprise, given all the media speculation on how insurance markets will respond in the … Continue reading →

Construction insurance marketplace update

Expectations for construction risks: Rate, terms and conditions The U.S. construction property and casualty market continues to exhibit rate stability. While the market remains soft, a level of underwriting restraint has started to take hold. Much of this is driven … Continue reading →