Topic: Industry news

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First ‘WannaCry’ and now ‘Petya’ – Just another day in the office (unless you have been impacted)

Just when we thought we had seen the back of ‘WannaCry’, on 28 June 2017 news broke of yet another large scale ransomware outbreak spreading its way across networks throughout the globe. Although it is early days, this is what has been reported so far: The ransomware, known as ‘Petya’, was first reported in Ukraine … Continue reading

Why I did a Jawun secondment

As an insurance lawyer, my day job requires me to engage with insurer clients, insureds and combative co-litigants.  Unfortunately, this reality means there is little room to build a strong sense of social conscience.  I would venture to say that I am not alone among my colleagues in admitting that, at times, I am overcome … Continue reading

Marketing Class Actions: A New Frontier

A new type of product claim is emerging in the Australian class action market; one which has been part of the US class action landscape for many years. Unlike previous product class actions where the safety of the product was typically in issue, the new product claims focus on statements/ representations made in the marketing … Continue reading

Aon’s 2017 Global Risk Management Survey: Innovation cuts both ways

Aon has recently released its 2017 Global Risk Management Survey indicating risk trends and insights, based on a survey of over 2000 risk decision makers from more than 33 industry sectors and 60 countries globally. Responding risk managers, CROs and CFOs provided feedback and insight on their insurance and risk management choices, interests and concerns … Continue reading

Making a difference – beyond the world of insurance

I was way out of my comfort zone in Johannesburg earlier this year.  Instead of my usual routine – daycare drop off, morning coffee, overflowing inbox – I found myself digging foundations, making bricks and painting, with more than 160 of my Norton Rose Fulbright colleagues. Why?  To take part in building a children’s home … Continue reading

Super FOS to the rescue?

Budget 2017 and the “Super FOS” scheme Labelled “Super FOS” by industry stakeholders, the government has announced in last night’s federal budget the establishment of a one-stop shop to cover all disputes in the financial system. Arguably a diversion from Labor’s call for a banking royal commission, Super FOS – to be known as the … Continue reading

Climate Change Risk: what it means for Australian Boards and their D&O insurers

Progressive corporations are now focused on Environment and Social Risk Governance (ESG) criteria as an important indicator of business performance.  Evaluation of which environmental risks might affect a company’s income and expenses, and how to manage those risks, are important issues for socially aware investors in driving investment decisions.  In the coming decade – as … Continue reading

Cyber Security GLOBAL FAST FOUR – Friday 28th April 2017

In this article we give a wrap-up of four recent events in the cyber and data breach space, both locally and internationally. Australia-China cybersecurity agreement On 24 April 2017, the Government announced its plan to work alongside China towards enhancing cybersecurity cooperation between the two countries. The agreement follows a meeting between Prime Minister Turnbull … Continue reading

ASX100 Cyber Health Check Report: more work needed to improve resilience

The ASX has recently released the much anticipated report on the results of its 2016 Cyber Health Check Survey for ASX100 companies. The report seeks to provide Australian organisations with a baseline so that Boards can better understand how their peers are responding to the opportunities afforded by the digital economy and managing their exposure … Continue reading

Go Fund Me Litigation – Does it have an impact?

Crowd funding via the pooling of funds to initiate and maintain class actions has never been easier. Growth in technological advancement, beginning around the early 2000s, has provided the capability for online platforms to be used to finance projects.  Relevantly, these technological advancements have led to efficiencies in processes (business or otherwise) like never before. … Continue reading

International Women’s Day 2017: Why fixing women isn’t the answer

“The best people to break up the old boys’ club are the boys,” says Catherine Fox, one of Australia’s leading commentators on women and the workforce. Fox was guest speaker at Norton Rose Fulbright’s 2017 International Women’s Day event.  She is also a journalist and the author of the soon-to-be-released “Stop Fixing Women:  Why Building … Continue reading

“Personalities in the Law: The Lawyers”

With no medical or psychological training other that my 35 years on this earth, I strongly believe that the litigation process for any single claim is largely dependent on the personalities of those involved. This does not just include the clients (who are obviously emotionally involved in a dispute) but also the solicitors and even … Continue reading

Button your mouth: a cocktail mix of button batteries, magnets and children

In September 2016, the ACCC (Australian Competition and Consumer Commission) Deputy Chair, Delia Rickard, was reported as saying that “every week in Australia, twenty children are taken to emergency rooms after suspected exposure to button batteries … Children under the age of five are at the greatest risk…” As a product liability lawyer and the … Continue reading

Messages from our second annual insurance seminar: Future Ready – Sustainable Cities

Environmental class actions. Pandemics.  ESG principles.  These were some of the topics of discussion at Norton Rose Fulbright’s second annual insurance seminar, Future Ready – Sustainable Cities, held in Sydney on 3 February. The rise of the ‘megacity’ – cities with a population of over 10 million people – was the springboard for the lively … Continue reading

CSR – What we do and how we can work together

At Norton Rose Fulbright Australia, our corporate social responsibility (CSR) program is built on five pillars: charitable giving, pro bono, reconciliation, sustainability and volunteering.  The CSR program was developed having listened to what our people felt were the most important causes and issues. Through the significant contributions made by our staff and collaboration with our … Continue reading

A toddler, a teenager & time sheets

With a teenager, an infant, a dog and a husband working full time, life in our household is hectic at times, and the conversation can often traverse teenage love and nappies in one breath. I am incredibly ambitious to boot. Inspired by the likes of Sheryl Sandberg, Gail Kelly and the many women within my … Continue reading

How to protect your business from cyber threats

Cyber-attacks pose the second largest risk to the economic prosperity of Australia’s major cities, according to a joint report by Lloyd’s and the University of Cambridge. Sydney is proportionately more exposed than New York, Los Angeles, Paris and London, with 17.51% of its total GDP vulnerable to cyber-attacks. To put it in perspective, the risk … Continue reading

Insurance and the sharing economy (Part 3): Smart contracts: the future of insurance?

Imagine an insurance policy which pays out on an insurable event without the need for involvement from a claims handler or even the policyholder lodging a claim. For today’s tech savvy consumer, hours spent on the phone to an agent or broker is a hangover from the analog age. Enter the smart contract. A smart … Continue reading

5 reasons to read our blog

Insurance law tomorrow is the go-to place for the latest legal and industry developments across the insurance market. Here are five reasons to read our blog:… Continue reading

Why the insurance industry needs Dive In

The United States is one hundred years away from gender equality. This was one of the findings of the Women in the Workplace 2016 report, a study conducted by and McKinsey into the state of women in corporate America.… Continue reading