Welcome to our first quarterly roundup of Insurance Insights: Professional and management matters.
In this instalment we touch on a mixture of recent news stories and legal developments of relevance to professionals and directors and officers alike.
This bulletin forms part of our regular series, focusing on issues relevant to the London market, policy wording and underwriting, casualty, and medical malpractice. Please do keep a look out for other Insurance Insights publications that may be of interest to you.
In this month’s edition, we look at variety of topics, including:
- Recent updates of the Audit Reform and Corporate Governance Bill.
- The practical implications of Mazur.
- Cautionary tales arising out of cyber attacks.
- Policy considerations arising out of Ahmed v White & Co.
- AI washing.
- Directors and officers claims: ESG and litigation.
- Considerations for professionals when using AI.
We hope you find this edition engaging and insightful.
Contents
- Ensuring compliance after Mazur: A practical guide for law firms
- Directors and officers: ESG and litigation
- Considerations for professionals when using artificial intelligence
- Cyber attacks: Could brokers be in the firing line?
- A reminder to accountants and tax advisers: Know your policy terms
- Update on the Audit Reform and Corporate Governance Bill
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Directors and officers update
‘Final judgment’ or ‘final adjudication’ - what’s the difference?
Directors fined for unsafe removal of asbestos
Two directors of a construction company were fined after failing to ensure the safe removal of asbestos from a plot of land. On 14 and 15 November 2021, Directors Anthony Sumner and Neil Brown, of Waterbarn Limited were involved in the uncontrolled removal of asbestos material from a plot of land in Grasscroft, Oldham.