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Over-insurance of valued property

24 February 2016

The English high court held that the substantial over-valuation of a superyacht covered for fire under a valued policy was a material non-disclosure entitling insurers to reject the claim.

Many refunds for force-placed insurance

24 February 2016

There have been a number of cases internationally where financial institutions have been obliged to refund policyholders for imposing force-placed insurance deals at the time of contracting for financial services.

Hacked private messages used in court

22 February 2016

The high court has ruled that a civil litigant’s private Facebook messages, which were unlawfully obtained by the hacking of his personal account, were nevertheless admissible as evidence against him.

Ratings agencies & lawsuits – inconsistent models and overly optimistic inputs

15 February 2016

Over a period of nearly three years, Standard & Poor’s became the first ratings agency to face litigation in a civil case in New South Wales for advice it gave preceding the global financial crisis. The judgement – which found in favour of the plaintiffs – was a game-changer, said an expert witness at a special seminar at UCT on Wednesday this week.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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