Supreme Court abandons distinction between primary-coverage clauses and preventive-warranty clauses. Good riddance? The Dutch Supreme Court handed down an important decision on 16 February 2024 on the restrictive standard of reasonableness and fairness with respect to insurance policies.
Reliance on war exclusion clause after cyberattack fails; insurers must pay out over a billion dollars in damages The NotPetya computer virus went global in 2017. Many companies, including pharmaceutical company Merck, suffered major damage as a result. Merck was insured with several all-risk property insurers and claimed compensation for their losses.
Beroep op oorlogsuitsluiting na cyberaanval slaagt niet, verzekeraars moeten ruim miljard aan schade uitkeren In 2017 ging het NotPetya computervirus de wereld over. Vele bedrijven leden daardoor grote schade, waaronder ook het farmaceutische bedrijf Merck. Merck was bij meerdere allrisk property verzekeraars verzekerd en wilde haar schade vergoed zien.
International Comparative Legal Guide - Insurance & Reinsurance 2023 - Belgium Chapter The ICLG to Insurance & Reinsurance covers common issues in insurance and reinsurance laws and regulations – including regulatory authorities and procedures, (re)insurance claims, litigation – overview, litigation – procedure and arbitration.
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