Legal Affairs / General

The disclosure test is in the insurance act

Section 59 of the Long-term Insurance Act and section 53 of the Short-term Insurance Act deal with misrepresentation and non-disclosure.

Power outage is not direct physical loss or damage (USA case)

In a case arising from Superstorm Sandy in north eastern USA, the plaintiff lawyers claimed a business interruption loss from its property insurance company because the electricity company’s decision to shut down certain electrical services to prevent damage meant they could not enter their building for days.

Who owns your Instagram content?

You do (at least as between you and Instagram—your employer may have ownership rights in certain situations)! Instagram does not claim ownership of any content that you post. You do grant Instagram very broad license rights: a non-exclusive, fully-paid and royalty-free, transferable, sub-licensable, worldwide license to use content that you post. This license grant means that you have given Instagram the right to use any of your photos for free, for any reason, anywhere in the world. Instagram can also give those rights to a third party.

Ten things to know about the governance and risk management framework for insurers