Monthly insurance policy wording update
The Word, June 2023
28 June 2023
Welcome to June’s edition of the The Word, a monthly summary of important and interesting stories, cases, news and views of interest to underwriters and those responsible for creating and distributing insurance policies. The Word is brought to you by Browne Jacobson’s policy drafting and distribution team.
In this month’s edition we feature an update following the Pizza Express decision in relation to COVID-19 losses, a look at issues relating to risk including a predicted increase in cyclones and the latest data on global resilience. We also consider the consequences for insurers of the latest boom in AI products and algorithmic underwriting. Finally, we review a case from Texas relating to the incorporation of contracts into insurance policies.
I hope you find this edition informative and interesting.
Tim
Contents
- Pizza Express v Liberty: business interruption policy drafting considerations
- Tropical cyclones are predicted to increase across the North Atlantic
- Algorithmic underwriting, boosting time and cost efficiency
- ExxonMobil v National Union Fire Insurance: meaning of ‘additional insureds’ guidance
- The AI product boom: risks and opportunities for insurers
- The FM Global Resilience Index 2023: underwriter risks
- If you think data compliance is expensive – try having a data breach!
Meet the team
Tim Johnson
Partner
Alice Smith
Trainee Solicitor
Lauren Wilkinson
Legal Assistant
Key contact
Tim Johnson
Partner
tim.johnson@brownejacobson.com
+44 (0)115 976 6557
Contact Tim
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