Can tough love rebuild the construction market?
May 30, 2019
The contractors’ liability insurance market in the UK is going through wrenching change. In the last six months alone, insurance premium rates have significantly increased after a prolonged soft market. Smaller risks in particular are struggling to attract cover. And some exposures, particularly in fire cladding and fire prevention such as compartmentation systems, have become virtually uninsurable.
GDPR one-year anniversary notifications soar, while enforcement lags
May 24, 2019
The introduction of the General Data Protection Regulation (GDPR) in May 2018 was a pivotal moment in data privacy. In early May 2018, the GDPR was more popular than Beyoncé, to the delight of privacy professionals across the world. Since then, the regulatory hype has diminished as companies of all shapes and sizes have spent the last 12 months grappling with its impact. In theory, the GDPR has become a business-as-usual compliance risk, but misconceptions, misunderstandings and legal grey areas remain.
The Impact of Consumer-Monitored Health Data on Healthcare Claims
May 17, 2019
In a perfect world, health information from wearable devices would be thoughtfully received by a responsible, educated consumer and shared with healthcare providers. But the world is not perfect. Issues arising from wearable medical and health devices can have significant ramifications for healthcare liability and claims.
Ring-fencing wage and hour liability in M&A deals
May 1, 2019
Wage and hour insurance is traditionally purchased by US organisations to mitigate risk resulting from alleged violations of US state and federal employment rules, which often end up in protracted and expensive class and collective action cases.
Beazley Safeguard underwriters analyze school transportation risks
April 11, 2019
Over the course of 2019, we will produce a series of alerts focused on each of the six target sectors for Beazley Safeguard, our unique offering that combines advanced risk management and proactive crisis response services with effective insurance. We begin with the transportation sector.
Fighting Legalese with Digital, Personalized Contracts
February 27, 2019
The cost of legalese in business contracts is high. Companies must hire expensive lawyers to write the stuff. Their customers often miss important information because - really - when was the last time you read every word of one of those privacy agreements before clicking "Agree"? And if those customers lose faith in those companies because they are surprised by what they missed, they can swiftly air their grievances on social media.