The expansion of the ‘cat’ (catastrophe) bond market and ‘seismic’ changes to the medical malpractice insurance market are among the top 10 predicted highlights of 2018, according to law firm RPC’s Annual Insurance Review. A government-backed scheme will help resolve the problem of GPs leaving practice due to rising insurance premiums. In the ‘cat’ market, drones, satellite imaging and other gadgetry will help the insurance industry write better risks. Overall, technology ‘from the higher risks related to data breaches to the impact of blockchain and driverless ships’ is a common theme of 2018, said Simon Laird, RPC’s global head of insurance.
25 January 2018
Insurers’ predictions for 2018
MOVERS & SHAKERS
Weightmans—Jason Slatcher
Weightmans appoint new Chief Technology Officer
Mishcon de Reya—trainees
Mishcon de Reya announces trainee retention rate of 86%
Sackers—Charlotte Adams & Fraser Sutton
Sackers welcomes two new Graduate Solicitor Apprentices
NEWS
LexisNexis is delighted to announce the launch of the LexisNexis Legal Awards 2027, celebrating outstanding achievement, innovation and impact across the legal profession
The Legal Services Board (LSB) is to take further enforcement action against the Solicitors Regulation Authority (SRA), setting additional performance targets and ‘intensifying’ its oversight, it has said
Regulators missed several opportunities to intervene in PM Law Group before it collapsed, an independent review by City firm Jenner & Block has found
An employer’s vicarious liability for the alleged torts of an employee cannot be transferred by TUPE, the Court of Appeal has confirmed
Tiered fees of up to £1,500 for Legal Ombudsman (LeO) cases could leave firms with little option but to pay out, lawyers have warned
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