Legal Affairs / General

Claims Cooperation and Follow Settlements Clauses

In this UK Kings Bench judgment (which also dealt with the question of the erosion of the reinsurance excess by defence costs), the court considered whether on a proper construction of the reinsurance policies and the facts of the case, the Claims Cooperation clause nullified, modified or circumscribed the operation and effect of the Follow Settlements Clause.

Non-life insurance in the form of construction guarantees are subject to the South African Insurance Act

This is a significant judgment for the South African insurance industry on construction guarantees.

How artificial intelligence is rapidly transforming the insurance and financial services sectors

Picture a rainy Wednesday morning in Sandton, sometime in the near future. A claims handler opens their laptop, and right away, things move much faster than they used to.

Amendment of pleadings and prescription: When changing your legal basis comes too late