The holidays are dragging on… but the notice periods for my company’s insurance contracts are fast approaching…
For insurance managers, every Tuesday during the summer, here are a few legal and practical reminders to help you avoid missing deadlines when you return to work.
« Directors & Officers Liability » insurance: an AIG clause favourable to policyholders
THE FACTS
A company takes out « Directors & Officers Liability » insurance with an insurer. The debate continues as to whether it is possible to insure criminal and administrative fines (1), but there is nothing to prevent the insurer from covering defence costs in criminal and civil proceedings.
Business interruption: new interpretation of the concept of‘impossibility of access’ by the Cour de cassation (French SupremeCourt)
In two new rulings handed down by its Second Civil Division (28 May 2025, no. 23-20.093 and no. 24-11.006), the Cour de cassation has settled two disputes concerning the interpretation of business interruption cover. The high court gave a new interpretation of the condition of impossibility of access contained in this cover, in line with two decisions handed down a year earlier.
Cyber insurance: silent guarantees still present, particularly in emerging markets
On 11 March 2024, the Prudential Control and Resolution Authority (ACPR) published a press release on implicit cover for cyber risk, in which it encourages insurers to continue their work of identifying and clarifying contracts. This is because (surprisingly?) there is little communication from insurers about the coverage provided by ‘old’ civil liability and property damage policies.
MGA : the all-risk agency
Rapidly expanding in France, Managing General Agents bring added value to the market in general and to insurers in particular, notably in risk management, underwriting and the development of customized solutions. Their expertise enables them to address niche markets that escape the reach of traditional insurers.
(Translation of the article from La Tribune de l'Assurance magazine)
Los Angeles wildfires: what if it had happened on the Côte d’Azur?
50 billion dollars worth of damage, 12,000 buildings burned, 180,000 people evacuated, the Getty Museum’s collection threatened,… and as if that weren't enough, could the bears, that had taken up residence in a Californian house abandoned by the victims, had exacerbated the damage ? If California were the Côte d'Azur and the Californian administration were the French administration, what would be the consequences in French insurance law for a similar catastrophe ?
Fires caused by lithium batteries: how to insure efficiently ?
Les incendies et sinistres liés aux batteries fonctionnant au lithium sont si nombreux qu’ils ne peuvent être ignorés ni par les assureurs ni par les assurés.
Reinsurance captives of French companies: technical and legal practical work
Last November, the Prudential Control and Resolution Authority published its guide to reinsurance captives. This new risk and insurance management tool for companies, on which our firm has been working with the authorities since 2021, is developing rapidly for the benefit of French companies.
New Caledonia / Insurance for the riots of 2024
Eight months after the riots that ravaged this antipodean French territory, insured companies are facing up to their insurers.