Evidence from: tp97_kendrink_underwriting_new_normal_18june2013. A personal view from Andrew Kendrick – well worth reading. Published by CII. http://www.cii.co.uk/search-results/?q=thinkpiece+97&searchIn=site In particular on page 4, a plea for risk based pricing, without wh

Evidence from: [2013] EWHC 520 (QB) 13th March 2013 Hill and Billingham v Lloyd’s British Inspection Services Ltd Exposure to asbestos dust occurred in 1968. Was there a breach of duty? HM Factory Inspectorate’s Technical Data Note (TDN) 13, issued in March 1970 was presented as

It is being reported that the House of Lords have (23rd April 2013) passed Clause 61 of the Enterprise and Regulatory Reform Bill. This will (in good time) remove  section 47(2B) of the Health and Safety at Work etc Act 1974. Section 47(2) of HSWA explicitly provides that a breach of

IAS 37 provides the detail. see for example: http://www.iasplus.com/en/standards/standard36 Firms may have reason to consider that a liability is emerging, but don’t have to recognise it in the accounts unless: a present obligation (legal or constructive) has arisen as a result

Paragraphs 11 and 12 of the PRA guidance paper insuranceappr1304 refer to market failure at the level of a given type of insurance policy e.g. third party motor insurance. The concern is that the beneficiaries of a policy would be denied their rights in the event that an insurer gets

Prudential regulation of insurance has been transferred to a new unit at the Bank of England – the Prudential Regulation Authority (PRA). The PRA’s approach to regulation and supervision has three characteristics:  A judgement-based approach: The PRA will use judgement in determ

It was a great pleasure to lecture to Swansea U business and economics students just before Easter. Dr  Jing Chen (Maggie) invited a talk on emerging liability risks. Having explained the risk management and business planning context, the talk provided 4 examples of emerging liability

Science is not the decider of fact. For example, cancer is probably the result of an accumulation within a given cell, of seven or so genetic changes, but the courts decide that any given cancer does not have a cumulative cause. The scientific probability of it not being cumulative in

Thank you to Roger Nash and the IUA team for inviting me to speak today. I spoke about added phosphate in food and, carbon nanotubes. Having heard a brief narrative, the challenge to the audience was to form an opinion and then identify which key factor needs to be monitored if a new

With new risks proposed every week liability risk managers soon develop ways to filter out the noise. By adopting a systematic approach the filtering process can be refined in the light of feedback and can be inspected by the enterprise risk manager and others. A brief introduction to

Evidence from: The December 2012 issue of the Radar journal. In a nut shell, the normal neck is to varying degrees defective. Most of us just ignore it. It comes and goes. Normal defect does not often count as a motoring injury unless a person is examined after a not-at-fault car cras

Evidence from: A symposium for Civil Service ‘Horizon Scanners’ and decision-makers. Shrivenham 15th Jan 2013. Remit: How to get more attention [and funding] from decision-makers?   Tuesday was my first taste of a ‘Horizon Scanners’ symposium. It was free