RSA Liable for GM Asbestos Costs A Michigan court has ruled that Royal & SunAlliance is liable for up to $1b to pay for General Motors asbestos defence costs, firm says ruling is 'meaningless' as liability has passed to Arrowpoint, subsidiary bought by management 30.04.07 Telegraph, Asbestos, Automotives
Closing Loophole for Uninsured Drivers Insurers plan to re-word motor contracts, close loophole that allows drivers insured for any vehicle to pick up uninsured cars from police pounds, 50k cars released in this way last year, in future owners will need to come in person 20.02.07 Times, ABI Press Release, Road Traffic
Patent Litigation Insurance Following the publication of the Gowers Review of Intellectual Property the issue of a workable patent litigation insurance scheme has returned to the legal and political agenda, desire to encourage more successful patent applications ensures it will not shift until the situation is addressed 23.04.07 Law Now, Gowers Review, Intellectual Property, Litigation, Patent Law
Limits to PI Insurance Insurers now face potential risks for costs above their limit of liability, in recent case professional indemnity insurers were ordered to pay the claimant's legal costs of up to £1m, in addition to the limit of indemnity of £2m, first time court has exercised power to award costs against a non-party in a PI context 17.01.07 Law Now, Professional Negligence
Ensuring Reinsurance Claims Most insurers would tend to assume that provided inwards settlements are reasonable they will be able to recover such settlements from their reinsurers, Faraday v Copenhagen Re is a reminder to check carefully the wording of the reinsurance contracts before making such an assumption 14.11.06 Law Now, Commercial Property, Litigation, Property Law
FSA Says PPI Firms Failing Clients Firms selling payment protection insurance (PPI) are still failing to treat their customers fairly, an FSA review has concluded, visits to 40 firms show there are still areas of widespread concern, these can result in customers being unable to make informed decision about PPI 19.10.06 FSA Press Release, Consumer Credit, Financial Services
Broker Liability Aon v BP elaborates a broker's liability to an insured in tort, despite the absence of contractual relationship 20.04.06 Law Now
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TM for 3D Mouse Blocked The Trade Marks Registry has allowed an opposition by Direct Line Insurance Plc to an application by esure Insurance Limited to register a three-dimensional mark consisting of a computer mouse on wheels 02.03.07 Law Now, Intellectual Property, Trademark
Lloyd's Names Denied Class Action High Ct has ruled Lloyd's investors have no right to compensation under EU insurance directive, rejects class action, case turned on claim of poor regulation of insurance in 1990s, leading to massive losses for Names 09.11.06 Reuters, Corporate Governance
Aon v Heath Lambert Giant broker Aon threatening legal action against 'David' rival, Heath Lambert, following shift of 7 employees, taking 50 - 60 clients and business worth £2m a year 06.03.06 Times, Employment Law
Insurance FSA has forced Whiteley Insurance Consultants into insolvency, selling travel insurance without authorised underwriter, firm traded as Kingfisher 29.04.05 Guardian, Financial Services Links
VAT Clawback ECJ says VAT rules on staff mileage 'too loose', allows firms to claim back VAT paid on fuel used in company cars, reform could cost £250m a year Telegraph Loophole closed allowing firms to avoid VAT on outsource insurance 11.03.05 Management Consultancy, Offshoring Links, UK Tax Links
