Monthly insurance policy wording update
The Word, September 2023
31 August 2023
Welcome to September’s edition of The Word, a monthly-up of news, views and legal developments brought to you by °ÄÃÅÁùºÏ²Ê×ÊÁÏ’s policy drafting and distribution team.
As ever, this month includes a broad range of topics, including the latest developments on the insurance of automated vehicles and warnings provided by the FCA on the value (or otherwise!) provided by GAP policies. We also take a look at the implications of recent events, such as death & disgrace policies in light of the allegations against Russell Brand, the impact of extreme weather and the potential consequences of RAAC. In the world of cyber, we consider the EU Digital Services Act and the latest evolving cyber threats. Finally, we provide some top TOBA tips and consider the importance of communicating numbers clearly following our ground breaking partnership with Plain Numbers.
I hope you enjoying reading this month’s edition as much as we enjoyed compiling it.
Tim
Contents
- Mind the GAP - FCA warning to GAP insurers
- Death and disgrace policies: What can insurers learn from the allegations against Russell Brand?
- Extreme weather leading to a rise in property claims
- The RAAC crisis: Is it really back-to-school this September?
- A new digital safe space – How does the EU Digital Services Act affect insurers?
- Insurance and the Automated and Electric Vehicles Act 2018
- CyberCube’s Global Threat Outlook: The evolving threat of cyber operations
- “TOBA traps” - general exposure risk under existing TOBAs
- Making numbers easy - complying with the Customer Understanding objective
Meet the team
Tim Johnson
Partner
Joanna Wallens
Associate
Lauren Wilkinson
Trainee Solicitor
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Thomas Gibby
Senior Associate
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