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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David Lewin, Managing Director
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Introduction

Motor liability insurance is legally defined as being part of general liability insurance coverages in Norway. In order to have a valid claim in Norway under the rules of general liability, three cumulative conditions must be fulfilled: a basis of liability must be established, the claimant must prove an economic loss, and such economic loss must be caused by the act that is the basis of liability. The following is a discussion about how motor liability is regulated in Norway.

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Guy Carpenter published its semiannual report on key legislative developments in Europe affecting liability insurers and reinsurers. A number of these developments underscore the challenges in adapting local legislation and jurisprudence to European Union (EU) and international law.

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Reinsurance rates in general were flat in Scandinavia at the January 1, 2012, reinsurance renewal with the exception of catastrophe rates, which increased modestly for loss-free programs and significantly for loss-affected programs. A reduction in capacity for catastrophe business contributed to pricing in the region, whereas the capacity for non-catastrophe business was plentiful. Reinsurance structures were generally unchanged year over year.

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A broad diversity of topics is investigated in our latest update:

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David Lewin, Managing Director

Introduction

Product Liability Under Norwegian Law

Several laws, including non-statutory law, govern Norwegian product liability and apply to all businesses producing or selling a product. According to these laws, Norwegian businesses are responsible for ensuring that their products are safe and do not pose a hazard to consumers. Moreover, businesses may be held liable for any damage and/or harm caused by their products.

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Twin bombing and shooting attacks in Norway’s capital of Oslo killed at least 93 people and injured around 100 more on July 22, in western Europe’s deadliest attack since the 2004 Madrid bombings. According to reports, a Norwegian national with rightwing views detonated a car bomb in the government district of Oslo before traveling to an island outside of the city and gunning down youths at a summer camp. The bomb in Oslo targeted buildings connected to Norway’s governing Labor Party, and the youth camp on Utoya Island was also run by the party. According to the police, seven people were killed and 30 wounded in the initial bombing of government buildings in central Oslo, while 86 were killed and 66 wounded during the shooting at Utoya Island, some 20 miles (35 kilometers) northwest of the capital. The death toll in central Oslo is expected to rise as police have been unable to access some parts of the damaged buildings. At least four people from the island camp remain missing and divers continue to search the surrounding waters. Anders Behring Breivik, a man with links to far-right groups, has been arrested for the attacks. He has admitted carrying out the attacks and the killings, but has not accepted criminal responsibility for them.

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The Scandinavian market was characterized by increased capacity provided by several reinsurers. Soft market conditions prevailed and rate changes were generally flat to declining. Loss-free cat excess of loss lines were flat to declining 5 percent. Property Risk business without losses was flat to down 5 percent. However, Property Risk business with losses, experienced rate changes that were flat to increasing 5 percent.

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