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Liability tag returned 108 results

  • Australia: PI insurance market could turn in 2021

    Insurance brokers are cautiously optimistic that the professional indemnity (PI) market will start to soften mid-to-late 2021, providing much-needed relief to advisers and licensees paying a minimum of A$10,000 ($7,100) per head for annual premiums.

    Asia | 24 Sep 2020
  • India: IRDAI committee proposes insurance measures for drones

    An IRDAI working committee has recommended a comprehensive insurance cover for drones with a third-party liability which should be in line with aircraft or aviation liability - as is the practice in the developed nations - instead of following the Motor Vehicles Act.

    Asia | 23 Sep 2020
  • Asia: New Dawn Risk launches in the region with new partnership

    New Dawn Risk Group, the international specialist insurance intermediary, is entering into a partnership with Singapore-based SpecialistRe, to strengthen its reach and offering across China, Japan and South-East Asia.

    Asia | 15 Sep 2020
  • Lack of insurance could halt supply of Hollywood films and TV shows

    As insurers move away from insuring independent film and television productions against the risk of COVID-19 pandemic, the supply of new entertainment in 2021 may be curtailed.

    Asia Risk | 15 Jul 2020
  • India: Committee set up to study surety bonds for road contracts

    The IRDAI has formed a nine-member working group to study the legal framework and feasibility of the insurance sector offering offer surety bonds for road contracts.

    Asia | 06 Jul 2020
  • 2 insurers provide liability cover in Tencent-Lao Gan Ma legal suit

    Two insurers are on the sidelines of a dispute between China's biggest video game and social media firm, Tencent, and Guiyang-based chilli sauce maker Lao Gan Ma, one of China's best known food brands.

    China | 03 Jul 2020
  • PICC denies liability to compensate for deficient gold inventory

    PICC P&C has refuted talk that it is liable to compensate Nasdaq listed Kingold Jewelery (KGJI) for the deficient weight or quality of physical gold that had been pledged as collateral for loans granted by lenders and for which the insurer had provided a guarantee.

    China | 26 Jun 2020
  • Insurers urged to beware of legal risk exposure as D&O liability market grows

    China's new securities law establishes a Chinese-style collective litigation mechanism, a move which is likely to lead to an increase in the number of civil court actions and amounts of claims against company directors and management, according to Mr Frank Wang, head of Property & Casualty China at Gen Re Shanghai Branch.

    China | 19 Jun 2020
  • Turkey: Milli Re outlines opportunities in insurance market

    In line with higher level of awareness about rights and obligations and the increased tendency to resort to litigation in society, demand for liability insurance is expected to expand in Turkey, says Milli Re in its 2019 annual report.

    Middle East | 17 Jun 2020
  • UK regulator submits test case on BI cover to high court

    The Financial Conduct Authority of UK (FCA) has started proceedings in London's 'High Court of Justice' to seek clarity from the courts on whether the wording of BI policies should provide cover during this pandemic.

    Asia | 12 Jun 2020

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