Legal Affairs

Prescription of insurance claim

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

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

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)

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