Monthly insurance policy wording update
The Word, May 2025
30 May 2025
For our May edition of The Word we cover a range of topics of interest from across the insurance sector.
In light of recent events, we take a look at the impact of recent attacks on UK retailers and the future of cyber insurance. We also consider what lessons insurers can learn from The European Insurance and Occupational Pensions Authority’s report analysing the clarity of disclosures in Insurance Product Information Documents (IPIDs).
We also consider the impact of AI and the accountability and opportunities in the insurance sector, and secondly the AI hallucinations cover launched in a first wave of new products.
Finally, we explore PFAS exclusions and the FCA’s proposal to removal mandatory CPD hours for insurance sector.
We hope you find this edition informative and insightful.
Tim
Contents
- Exploring the impact of recent attacks on UK retailers and the future of cyber insurance
- How accurate are your IPIDs?
- Artificial intelligence: Accountability and opportunities in the insurance sphere
- AI hallucinations cover launched in first wave of new insurance products for AI
- PFAS exclusions: Are your exclusions robust enough?
- The FCA proposes removal of mandatory CPD hours for insurance sector
Meet the team
Tim Johnson
Partner
Joanna Wallens
Associate
Lauren Wilkinson
Trainee Solicitor
Thomas Gibby
Principal Associate
Key contact
Tim Johnson
Partner
tim.johnson@brownejacobson.com
+44 (0)115 976 6557
Contact Tim
You may be interested in...
30 May 2025
Legal Update - The Word
The Word, May 2025
30 May 2025
Legal Update
PFAS exclusions: Are your exclusions robust enough?
30 May 2025
Legal Update
AI hallucinations cover launched in first wave of new insurance products for AI
30 May 2025
Legal Update
Exploring the impact of recent attacks on UK retailers and the future of cyber insurance
30 May 2025
Legal Update
How accurate are your IPIDs?
30 May 2025
Legal Update
Artificial intelligence: Accountability and opportunities in the insurance sphere
02 May 2025
Legal Update
Makin v QBE: A first look at the impact of Scotland Gas v QBE in England and Wales
01 May 2025
Legal Update
Is AI regulation making it more difficult for insurers to price risks?
01 May 2025
Legal Update
The impact of Martyn’s Law for insurers
01 May 2025
Legal Update
The Contracts of Insurance Act 2024 in New Zealand: What will this mean for insurers?
01 May 2025
Legal Update
Insurance as a force for good: Protecting domestic violence victims
01 May 2025
Legal Update - Consumer Duty
Redefining standards: A spotlight on Which?'s call for fairer insurance definitions
01 May 2025
Legal Update - The Word
The Word, April 2025
25 March 2025
Legal Update - The Word
The Word, March 2025
25 March 2025
Legal Update - Consumer Duty
Improving outcomes for vulnerable customers: Insights and recommendations from the FCA
25 March 2025
Legal Update
Scrapping of no-fault evictions: What it means for Insurers
25 March 2025
Legal Update
Lonham Group Ltd v Scotbeef Ltd: Distinguishing representations and warranties
25 March 2025
Legal Update
Will the decision in Sky & Mace v Riverstone Managing Agency & Ors impact insurance policy wordings?
25 March 2025
Legal Update
UK death rate reaches “A new record low”
25 March 2025
Legal Update
Time to review if your aviation insurance policy wordings are up to scratch?
03 March 2025
Legal Update - The Word
The Word, February 2025
03 March 2025
Legal Update
Hansen Yuncken Pty Ltd v Hollard Insurance: The consequences of “poor” drafting
03 March 2025
Legal Update
Coca-Cola recall: A reminder for insurers on product recall coverage
03 March 2025
Legal Update
The LA fires: Counting the insurance cost
03 March 2025
Legal Update
LEASE Buildings Insurance Survey: Key insights and next steps
03 March 2025
Legal Update
High Court ruling emphasises the importance of fair presentation
03 March 2025
Legal Update
TfL Considers Pedicab Licensing and Insurance Proposals
29 January 2025
Legal Update - The Word
The Word, January 2025
29 January 2025
Legal Update
Hiscox CEO’s vision for AI
29 January 2025
Legal Update
North Carolina Supreme Court COVID-19 decision in North State Deli v Cincinnati Insurance Co
19 December 2024
Legal Update - The Word
The Word, December 2024
19 December 2024
Legal Update
Walking the fine line: The statutory duty of candour and insurance
19 December 2024
Legal Update
FCA launches consultation on broker remuneration for multi-occupancy buildings insurance
19 December 2024
Legal Update
AI is creating fraudulent claims
19 December 2024
Legal Update
Shoplifting epidemic by organised criminal gangs: The impact for insurers
19 December 2024
Legal Update
Death and disgrace policies: What can insurers learn about the allegations against Gregg Wallace?
19 December 2024
Legal Update
Insurance complaints surge continues
25 November 2024
Legal Update
The ‘grate’ cheese robbery: Implications for insurance professionals
25 November 2024
Legal Update
Environmental crime and the impact for insurers
25 November 2024