Controlling Costs of Legal Malpractice Insurance

Addressing the impacts of climate changes means fundamental reforms to key sectors in the economy. Meeting the UK’s Carbon Budget target of a 78% reduction in CO2 emissions by 2035 will require considerable investment across the economy, including c£0.8trn on energy efficiency in buildings and 30,000 new electric vehicle charge points needed each year to meet the 2030 date for phasing out sales of non-EV vehicles. This session looks at how this rapid transformation will impact insurance markets, exploring both how the sector will have to evolve its products and practices and where insurers can drive this by incentivising behavioural change and working collaboratively with customers and the sector’s supply chain.

To those in the insurance industry, it probably feels like more change has been packed into the past 4 years than we’ve experienced in the past 10 or even 20 years. The exploding number of startups and greenfields, along with the growing investment in InsurTech is a powerful indicator of this change…FinTech Global recently reported that there were 101 deals through Q3 2018 worth $2.5 billion, compared to just 40 deals worth $105 million in 2014. More and more companies from both outside and inside the industry are moving to take advantage of the tremendous opportunities that are defining the future of insurance…Digital Insurance 2.0.

InsurTech is set to be one of the most major and developing areas of practice over the next few years for insurance practitioners. This webinar will look at various elements of InsurTech to give you the tools you need to grapple with this emerging area of practice. Topics to be covered include: Overview – InsurTech and the law, Digitizing the insurance value chain.

The significance of the new Restatement on the insurance industry is in dispute. Historically, Restatements published by the ALI have had an enormous influence on binding legal decisions. The U.S. Supreme Court cited ALI publications 71 times during the 2013 to 2015 terms of Court, and state and federal courts have cited ALI publications over 200,000 times. Several courts cited the Restatement of the Law of Liability Insurance even before the ALI formally voted to adopt it. Since adoption, the number of citations to, and courts' reliance on, the Restatement has accelerated.