Legal Affairs

Social inflation: a contemporary insurance buzzword or cause for concern?

Although social inflation has been referred to as a contemporary insurance buzzword, the phenomenon has had far-reaching consequences on the global insurance market in the past few years.

Non-disclosure did not induce lower premium for insurers (UK)

The UK court of appeal refused to avoid a mobile plant policy plus extension on the grounds of non-disclosure of risk-related information because the lower premium was the result of the insurer’s underwriting practices and their own mistake not of the non-disclosure.

A pension fund cannot challenge the Pension Fund Adjudicator’s section 37C decision

A pension fund failed in its application for reconsideration of the Pension Fund Adjudicator’s (PFA) decision to refer the matter back to the fund for reconsideration because, according to the Financial Services Tribunal the fund is not a ‘person aggrieved’ as required by section 230 of the Financial Sector Regulation Act of 2017.

Riots in SA: what happens under a state of emergency declaration?