Tanah Merah Vic Pty Ltd & Ors v Owners Corporation No 1 of PS613436T & Ors [2021] VSCA 72 The Victorian Court of Appeal handed down its much-anticipated judgment in the Lacrosse matter on 26 March, essentially upholding the trial judge’s findings in the landmark 2019 decision. At a headline level, the Court of Appeal: […]
Welcome to Wotton Kearney’s NZ Insurance Market Trends Update, our biannual snapshot of legal trends and developments impacting claims managers, underwriters, brokers and corporates operating in the New Zealand market. In this edition, we look at the impact of recent matters in the areas of D&O claims, representative actions and EPL. We provide updates on […]
Wotton Kearney is pleased to provide our 2021 Insurance Predictions Report, looking at the major trends and issues we expect will remain in the spotlight for the insurance industry in our region this year. It’s no surprise that this report addresses some of the horizon issues that we expect to face in the wake of […]
APIG and Wotton Kearney are delighted to announce that Nikolce Stojcevski, Senior Underwriter – Financial Institutions at Berkshire Hathaway Specialty Insurance, has won the 2020 Australian W+K APIG Scholarship. Nik’s submission was selected from a high calibre of entrants for his well-considered views on the SME insurance market, and how consolidating data across the industry can […]
On 17 November 2020, the NSW Government released the Draft Design and Building Practitioners Regulation 2020 (NSW) for public consultation, which is designed to support an effective legislative framework for industry reform. Insurers will need to know what mandatory insurance requirements will be put in place for design and construction practitioners. Whilst not in a […]
The NSW Government has introduced sweeping legislative changes that are intended to regain public confidence in the building and construction industry. The new legislation, in particular the Design and Building Practitioners Act 2020, will have a significant effect on establishing the liability of design and building practitioners within the construction industry and how they are […]
Wotton Kearney is pleased to continue our partnership with the APIG National Committee to offer the W+K APIG Scholarship, supporting the career development of young APIG members practising in financial lines insurance in Australia. For five years, the annual scholarship has recognised outstanding contribution and talent in our industry and connected the successful candidate with […]
The New Zealand Law Society is amending the minimum standards regarding professional indemnity insurance for lawyers in New Zealand. The changes, which will come into effect from 4 April 2021, are material and relate to coverage levels and disclosure requirements. Wotton Kearney’s Alison Cupples and Mathew Francis look at these obligations and the associated issues […]
Taylor v Asteron Life Limited [2020] NZCA 354: On 19 August 2020, the Court of Appeal upheld insurers’ rights to cancel policies and seek damages when there are fraudulent claims. This decision was also significant as it was the first time the Court of Appeal has applied the common law fraudulent claims rule. In this […]
Australia’s Attorneys-General have agreed to a major overhaul of Australia’s defamation laws, with the proposed changes in the Defamation Amendment Bill 2020 intended to rein in defamation claims and provide some proportionality between costs and damages. In this update, W+K’s Rob Finnigan and David Frew look how these changes should assist insurers in assessing defamation […]
