Posts Tagged ‘legal update’



May 16th, 2013

New Guidelines for Managing Product Recalls and other Corrective Actions in Belgium

Posted at 1:00 AM ET

Many of the products people use every day are made in foreign countries - from coffee makers produced in China to cars built in Germany to cell phones manufactured in India. While many of these products fulfill their purpose without any complications, there are others that cause problems for their users. A coffee maker might spill boiling water or a car’s airbag might not open properly. These problems can be caused by manufacturing errors or flaws in product design.

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April 23rd, 2013

Italian Court Decision Encourages Strict Compliance with Industrial Safety Regulations

Posted at 1:00 AM ET

On December 12, 2007, there was a fire in an industrial plant in Turin that was owned and managed by ThyssenKrupp Acciai Speciali Terni S.p.a. (ThyssenKrupp), an Italian subsidiary of ThyssenKrupp Stainless group. The violent fire occurred in a cold annealing and pickling line, called APL5, where there is typically a significant amount of lubricant oil and paper, as well as sparks generated by the plant’s industrial process.

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March 14th, 2013

Poland: Stricter Rules in Establishing Due Compensation in Vehicle Holders Insurance Market

Posted at 1:00 AM ET

According to many insured car holders in Poland, insurers have been underestimating compensation for losses, and the majority of auto insurance cases in Poland have been settled for amounts far below the actual costs of restitution. The most frequent reason is that the value of a loss has been determined based on the prices of used spare parts rather than new ones.

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March 11th, 2013

Germany: Breach of Contractual Incidental Obligation Due to Gross Negligence Can Release Insurer from Obligation to Pay

Posted at 1:00 AM ET

The Insurance Contract Act (Versicherungsvertragsgesetz, VVG) contains provisions about risk exclusions and incidental obligations. A risk exclusion means the insurer does not provide insurance cover for a specified excluded risk, and in cases of an incidental obligation, the policyholder loses insurance cover if he/she does not observe the specified incidental obligation.

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January 31st, 2013

Criminal Liability of Companies Under Spanish Law: What is the Real Impact on Directors & Officers Coverage?

Posted at 1:00 AM ET

Recent Trends

The financial crisis has triggered a number of criminal investigations against companies and their directors. In light of these developments, this section provides an overview of the recently introduced Spanish regulation concerning criminal liability of companies and the real impact this reform will have on directors and officers (D&O) policies.

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January 29th, 2013

Swiss Supreme Court: Scope of Ban on Retroactive Insurance

Posted at 1:00 AM ET

Introduction

The current Swiss Insurance Contract Act (Versicherungsvertragsgesetz, VVG) prohibits retroactive insurance. Therefore, an insurance contract is usually void if the risk no longer exists or the feared event has already occurred before the contract is concluded (Article 9 VVG).

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December 4th, 2012

Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry

Posted at 1:00 AM ET

Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry  is the latest installment in Guy Carpenter & Company Ltd.’s (”Guy Carpenter’s”) legislative update series, designed to provide our international clients and markets with a concise overview of key trends in the Continental European legal environment. These issues have had an impact on insurers and reinsurers or are expected to have an effect in the near future.

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September 11th, 2012

Guy Carpenter Report Details European Legislative Developments for Casualty Insurance Market

Posted at 11:30 PM ET

Guy Carpenter issued its semiannual analysis of key European legislative developments affecting the casualty insurance industry. Produced in collaboration with law firm Heuking Kühn Lüer Wojtek and its network of legal experts across Continental Europe, the report, Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, analyzes the most impactful and significant legislative changes and judicial developments across 11 jurisdictions, which include:

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May 9th, 2012

Continental European Legislative and Judicial Trends: Concluding Comments

Posted at 1:00 AM ET

David Lewin, Managing Director
Contact

In this issue of our latest legal update we include some intellectually stimulating insights into the interaction with EU and international law of local legislation and jurisprudence in Austria, Belgium, France, Germany, Italy, Netherlands, Norway, Poland, Spain, Sweden and Switzerland.

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May 8th, 2012

Continental European Legislative and Judicial Trends: Revision of Swiss Insurance Contract Act - Recent Developments

Posted at 1:00 AM ET

David Lewin, Managing Director
Contact

Introduction

The Swiss Insurance Contract Act (Versicherungsvertragsgesetz, VVG) has been the subject of growing criticism for a number of years. In particular, the VVG does not provide for equivalence between the obligations of the insured and those of the insurer. Also, there has been deficient coordination between the VVG and the Swiss Code of Obligations (OR). As a consequence, the 100-year-old VVG is being modernized and oriented more towards the future.

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