Wotton Kearney is delighted to announce the five finalists of the 2024/25 W+K Turning Point competition. The 2024/25 competition, which was launched in July, threw out a challenge to the insurance industry’s most creative and progressive thinkers to outline their idea for a white paper that explores and leads the next generation of ideas in […]
Following the success of last years’ competition, we are delighted to announce W+K’s Turning Point Competition is back for 2024, bigger and better!
Following Australia’s east coast energy crisis, the Minister for Climate Change and Energy announced a faster transition to renewable energy. To meet the government’s goals, Australia is moving at a break-neck pace to transition to renewables, and insurance players are watching closely as new risk patterns emerge. Property, Energy + Infrastructure partner Edward Burrell and […]
The NSW Government’s framework to address high-risk combustible cladding remains a live issue plagued by confusion around the application of the product ban on combustible Aluminium Composite Panels (ACPs). The NSW Auditor General’s recent report found that uncertainty persists around compliance and how councils have interpreted the product ban. This has resulted in costly and […]
Earlier this year, a new ‘trailing liability’ regime was introduced with amendments to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth). These changes ensure former titleholders carry a liability, even if their title has been disposed of, surrendered or terminated. With a predicted estimated liability of USD $40.5 billion for well plugging, abandonment […]
Onshore and offshore wind farms are the fastest growing renewable energy source in Australia, and the demand is accelerating. This growth is enabled by evolving wind technology, which continues to present distinct and expensive challenges for operators and their insurers. In this article, Adam Chylek and Doug Heard look at how insurers are actively informing […]
Earlier this month the Australian Federal Court provided helpful guidance to insurers entering into settlement agreements with their insureds. The Full Court in AAI Insurance Limited trading as Vero Insurance v Technology Swiss Pty Ltd considered the doctrine of subrogation, how it applies when entering “full and final” settlement agreements before recovery is commenced, and […]
The Landel decision is the third Queensland instalment in ‘flood definition’ cases, which arise from the unfortunate events of the 2011 Brisbane floods and the more recent 2019 Townsville floods. In this matter, the insured lodged two claims for damage caused by monsoonal rain events and consequent flooding in and around Townsville. One was accepted […]
Four senior lawyers – Naraya Lamart (Partner), Edward Burrell (Special Counsel), Rachel White (Senior Associate) and Jacinta Fox (Senior Associate) have joined Wotton Kearney’s preeminent Property, Construction and Energy team. These appointments reflect the latest chapter in the team’s significant growth story over the past few years, which also includes two partner promotions in June […]
Governments have been left to foot the bill for hundreds of millions of dollars for rehabilitation costs following high profile collapses of mining and energy companies. In response, legislation has been passed by federal, state and territory governments enabling them to pass on these costs to ‘related persons’, which could include directors and officers. In […]
