Explore the Category

The dependency cycle needs to be broken

19 July 2018 | General

July was national savings month, a month that highlights the fact that there is an urgent need for South Africa to improve its savings culture.

Insurance – Is a stationary tractor spraying herbicide being used?

17 July 2018 | General

This insurance dispute went all the way to the Court of Justice of the European Union which found that the phrase ‘use of vehicles’ in EU law covered any use of a vehicle as a means of transport.

Alleged costs to avert business interruption loss rejected (US)

26 June 2018 | General

In July 2012 a fire damaged equipment vital to the production of a steel pipe manufacturing plant in Arkansas. The fire was a covered peril and loss of business income and extra expenses were also covered. The court rejected the insured’s claim for an additional $14 million in mitigation costs incurred allegedly as ‘necessary expenses’ in moving production overseas.

Action over stolen trade secrets does not fall under defamation cover (US)

20 June 2018 | General

A US company was sued for misappropriating trade secrets relating to a medical device and poaching a number of employees. The company was insured in terms of an advertising and personal injury section of its commercial general liability policy, and it attempted to allege that there was a claim for implicit defamation obliging the insurers to fund the proceedings. This was rejected by a Pennsylvania federal judge.

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

View the Results