11-20 of 122 results
'A ticking time bomb': limitations in cyber cover for known vulnerabilities and end-of-life hardware
Insurers heavily scrutinise organisations' ability to prevent, anticipate and withstand cyber-attacks when deciding whether or not to offer cyber insurance. This Insight explains what known vulnerabilities are; the approach commonly adopted by insurers; and what you can do to mitigate the risk. ...
DDO conditional relief: facilitating the reissue of life insurance policies
In a welcome move for life insurers reissuing or reinstating certain life policies, ASIC has registered the ASIC Corporations Instrument 2023/183. In this Insight, we provide a brief overview of the purpose of the Instrument and the relief granted by ASIC. ...
Recovery and exit planning – new requirements for APRA-regulated entities
APRA has released Prudential Standard CPS 190: Recovery and exit planning (CPS 190), which aims to ensure that all APRA-regulated entities are prepared for scenarios that may impact the financial viability of their business. In this Insight, we provide an overview of the new requirements in CPS 190. ...
Insurance in a time of (cyber) war
This is the third instalment of our Cyber Insurance Handbook Series. See our first and second instalments here. The market-standard position has long been for loss or damage arising from war to be exc ...
Insurance coverage for climate litigation: taking the temperature from US case law
In this Insight, we profile some of the key cases and highlight potential barriers that policyholders may face in recovering the costs of climate litigation. ...
When silence is no longer golden: the demise of 'silent cyber' and the need for dedicated cyber insurance
Recent high-profile cyberattacks and the Federal Court's Inchcape decision provide a timely reminder of the need for suitable cyber insurance coverage. This Insight explains what this all means for your business. ...
Backing up the backups: cyber insurance in a hardening market
Increased regulatory scrutiny and enforcement action, including in Australia, is also contributing to the steadily rising cost of cyber risk management and cyber incident response. In this first instalment of our Cyber Insurance Handbook Series, we look at the key trends in the cyber insurance market and how your business should respond. ...
Continuing misrepresentations: Full Federal Court confirms an incoming insurer's right to avoid cover
In a welcome move for insurers writing group life policies for superannuation funds, the Full Federal Court in AIA v Sharma overturned the first instance decision and held that a fraudulent misrepresentation made by an insured member to an outgoing group life insurer could have continuing effect an ...
Seeking cover under pressure
Over the past decade, there has been a significant increase in the pace and scale of regulatory investigations and enforcement activity, including a spate of high profile royal commissions and inquiries into potential wrongdoing by institutions, companies, and their directors and officers. ...
Mandatory vaccinations in the workplace: what do employers need to consider?
In this Insight, our cross-practice experts cover the employment, safety, privacy, regulatory, insurance and liability considerations that confront employers navigating these complex and rapidly changing public health settings. ...