The latest judgment handed down in the spate of recent Covid-19 business interruption (BI) cases is PizzaExpress Group Limited & Ors v Liberty Mutual Insurance Europe SE & another [2023] EWHC 1269 (Comm).
The judgment is in respect of a preliminary issue concerning the construction of provisions relating to policy limits. The Pizza Express restaurant…

In the latest instalment of his insurance column for Practical Law, Grant Murtagh considers four recent developments in the UK insurance industry.
Grant starts with the PRA’s Business Plan 2023/24, which gives some insight into how the PRA is determining its priorities.
He then considers particular aspects of two of these priorities. HM Treasury…

In what is undoubtedly a significant decision for boards seeking to grapple with how to respond to the impact of climate change on their company’s business as well as the D&O insurance market, the High Court has refused permission for ClientEarth, a minority shareholder in Shell plc, to continue a derivative action on behalf of…

Last week the Civil Justice Council (CJC) published the Final Report in its Costs Review, conducted by a working group led by Lord Justice Birss. Its recommendations are separate to, but take into account, the planned extension of fixed recoverable costs to cases valued at up to £100,000 which is now due to come in…

A recent case has considered whether property damage caused by the controlled detonation of a World War II bomb was “occasioned by war”. If it was, the damage would be excluded from cover by the operation of a war exclusion clause under a property damage and business interruption policy (the Policy).

In Allianz Insurance Plc…

There are some exciting changes and promotions in the Insurance & Professional Risks team at Herbert Smith Freehills effective from 1 May that we wanted to share with our clients and contacts.

Alexander Oddy takes over as head of the Insurance & Professional Risks team in London as Paul Lewis becomes new joint managing partner…

The Court of Appeal handed down judgment today in David McClean & Ors v Andrew Thornhill KC [2023] EWCA Civ 466, unanimously dismissing the appeal.  Herbert Smith Freehills Partner Will Glassey and Associate Henry Saunders acted for the successful Defendant Andrew Thornhill KC.

BACKGROUND
The Claimants were investors in three film finance schemes which were…