Insurance Law Tomorrow | Insurance Law

Cases

WA Court of Appeal plugs leaky District Court judgment and construes insurance policy in favour of insurer

By JP Wood on October 9, 2018

In the recent Western Australian Court of Appeal decision of WFI Insurance Ltd v Manitowoq Platinum Pty Ltd & Ors [2018] WASCA 89, the former Chief Justice rejected the District Court judge’s interpretation of a condition in a business liability insurance policy that the insured had relied upon to deny ... Continue reading

Fraudulent non-disclosure, avoidance and refusal to advance – Federal Court decides insurers can avoid advancing defence costs to Cranston and Onley

Construing combined PI/PL insurance policies: NSW Court of Appeal rejects literal approach

Residential building disputes – buyer beware, certifying bodies catch a rare break

Industry news

Cloud cover: 5 tips to mitigate the risks of cloud computing services

By Jacques Jacobs on September 18, 2018

In mid-2017, the Australian Bureau of Statistics revealed that almost a third of sampled businesses are using commercial cloud computing services. This year, Gartner reported Australian businesses will spend $4.6 billion on cloud services (an 18.5% increase from last year). Below we highlight some of the risks for businesses associated with ... Continue reading

Cyber Risk for D&O – Steps to Mitigate

Shareholder Class Actions are here to stay: What this means for D&O insurers

Class Actions in Australia: Fact versus Fiction

Products

Warranty and indemnity Insurance – what is it and why you need it

By Ray Giblett on October 7, 2016

Warranty and indemnity insurance has emerged as a common instrument to address deal risk in M&A transactions globally. What is warranty and indemnity Insurance? Warranty and indemnity Insurance covers losses arising from breach of a warranty (or in certain cases under an indemnity) given in connection with an M&A transaction thus facilitating ... Continue reading

Claims

Fast track to hearing: tips for your next expedition application

By Natalie Aprea on January 23, 2018

From time to time, applications are made by a party to proceedings to expedite the hearing because of a feature about the case raises a need for urgency (for example, a dying plaintiff). However, often when an application is made to fast track the proceedings, it can raise issues of prejudice ... Continue reading

Director’s trust misplaced when it comes to PI coverage

Reserving rights: how to effectively inform insureds of potential conflict

5 avenues for resolving indemnity disputes without protracted litigation

Legislation

10 Things to Know about the NSW Modern Slavery Act

By JP Wood on July 4, 2018

In our recent blog, we alerted you to the Commonwealth Modern Slavery Bill, which was introduced into Parliament last week, for debate in August, following the passing of the Modern Slavery Act 2018 (NSW) on 21 June 2018. The NSW Act establishes a new modern slavery reporting requirement which will have ... Continue reading

Modern Slavery Reporting for Australian Businesses

GDPR is here! What this means for you.

The results are in: weekly data breach notifications have increased fivefold!

Regulation

APRA releases new prudential standards to boost fitness of private health insurers

By Ray Giblett on October 5, 2018

APRA has recently released the final versions of three Prudential Standards which will apply to private health insurers (PHIs) from 1 July 2019. New versions of the following prudential standards have been released: Prudential Standard CPS 510 – Governance; Prudential Standard CPS 520 – Fit and Proper; and Prudential Standard HPS 310 – ... Continue reading

D & Oh no! – rising liability for directors and officers in 2018

ASIC’s enforcement priorities: what do they mean for insurers?

A new body for financial disputes in Australia