Explore the Category

Shooting death excluded from insurance by battery and weapons exception (US)

24 July 2022

When a man was shot outside a food store, the wife sued the store’s operator and sought the benefits of the store’s insurance liability policy. The claim failed because of two exclusions, namely an assault and battery exclusion and a weapons exclusion.

FSCA continues its clean-up of the online broking industry

21 July 2022

The Financial Sector Conduct Authority (FSCA) has recently announced that it is investigating Nirvesh Financial Services Proprietary Limited (Nirvesh Financial Services) and Veracity Markets Proprietary Limited (Veracity Markets) for allegedly conducting unauthorised over-the-counter (OTC) derivative business and possible breaches of other financial sector laws.

Interpreting insurance policies and the quality of the drafting (Australian judgment)

14 July 2022

The quality of the drafting of a policy may be taken into account when construing its terms:

Insurance and ESG

12 July 2022

Environmental, social and governance issues are playing and will play an increasingly important role in the South African insurance sector which should be proactive in contributing to, influencing and being part of ongoing discussions on integration of ESG principles into risk management, underwriting, capital adequacy processes, investment decision making, underwriting and underwriting disclosures, capital adequacy processes and reporting.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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