United Kingdom: Insurance Laws and Products

We are seeing an uptick in the use of artificial intelligence (AI) tools in business; companies and organisations are adopting routine use of AI bots and increasing integration of AI into standard practices.

In Delos Shipholding S.A. v Allianz Global Corporate and Specialty S.E. EWCA Civ 1019, the Court of Appeal addressed the interpretation of American Institute Hull War Risks Clauses exclusions and the duty of fair presentation under the Insurance Act 2015 for corporate insureds with nominee directors.

In Insurance Australia Limited t/as CGU Insurance v Capral Limited FCAFC 46, the Federal Court addressed the meaning of "property damage" where defective products are incorporated into larger tangible property.