Articles

Rushing the Australian transition to renewable energy adds risk for all players

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 […]

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By : Nov 21, 2022 Comments Off on Rushing the Australian transition to renewable energy adds risk for all players
Case Alerts

High Court ends casino giant’s creative claim for COVID-19 business interruption losses

In breaking news, the High Court has today dismissed with costs The Star’s application for special leave, putting an end to The Star’s claim against its business interruption insurers. It also rejected similar special leave applications by other insureds in the industry test case known as the Second COVID-19 Business Interruption Test Case or Test […]

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By : Oct 14, 2022 Comments Off on High Court ends casino giant’s creative claim for COVID-19 business interruption losses
Articles

A new frontier of risk – offshore oil and gas asset decommissioning in Australia

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 […]

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By : Oct 11, 2022 Comments Off on A new frontier of risk – offshore oil and gas asset decommissioning in Australia
Articles

La Niña declaration likely to herald rise in property claims

The Bureau of Meteorology has declared a La Niña weather event for the 2021-2022 summer. These events notoriously result in cyclones and other natural disasters, leading to tragic loss of life and billions in property claims costs. The current La Niña weather event undoubtedly will lead to a substantial increase in property damage and consequential […]

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By : Dec 20, 2021 Comments Off on La Niña declaration likely to herald rise in property claims
W+K News

W+K’s Property, Construction and Energy team is now the largest of its kind

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 […]

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By : Oct 18, 2021 Comments Off on W+K’s Property, Construction and Energy team is now the largest of its kind
Articles

2021 Insurance Predictions Report

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 […]

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By : Feb 16, 2021 Comments Off on 2021 Insurance Predictions Report

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