Legal

The Supreme Court ruling over BI coverage early last year has not put a stop to BI litigation over Covid losses.

The Peruvian government is suing Spanish oil company Repsol over the January incident which affected 700,000 residents.

“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.

Mulsanne must pay £1mn to Marshmallow in the next two weeks, with the remaining balance subject to a cost assessment process.

The brokers asked the judge to delay some pre-trial conferences by two weeks as they could obstruct the settlement negotiations.

A New Jersey judge writes a scathing decision criticizing hospitality firms for attempting to claim physical damage from virus and misinterpreting policy language.

Current Generali CEO Philippe Donnet said the rebel plan puts the firm’s dividend targets at risk.

The withdrawal of insurance coverage provided by subsidiary The Bond & Credit Co was linked to the collapse of the supply-chain finance firm.

The carrier said it will examine the impact of the ruling on other claims under non-damage denial-of-access wordings.

The majority of BLM’s lawyers will join Clyde & Co’s casualty insurance practice as part of the deal.

Axa has been granted permission to appeal certain aspects of the ruling of a case successfully brought against it by Wolseley owner Corbin & King over Covid-19 BI cover.

The firm says that, without change, firms will be downgraded in the coming weeks.