A Lloyd's of London insurer has reiterated that the owner of a property in Greater Manchester cannot claim £3.7 million in damages and business interruption cover because no actual business was occurring at the building damaged by a burst water pipe.
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MONDAY, JANUARY 6, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Lloyd's Insurer Says No Business Interrupted In £3.7M Row

By Joel Poultney

A Lloyd's of London insurer has reiterated that the owner of a property in Greater Manchester cannot claim £3.7 million in damages and business interruption cover because no actual business was occurring at the building damaged by a burst water pipe.

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Trustees Warned On 'Dead Money' Over Pensions Portal

By Joel Poultney

Trustees of pension scheme should carefully decide whether it is in the best interest of their members to connect to the long-awaited online retirement savings dashboards program and incur its associated costs, a retirement savings specialist said Friday.

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Early Settlements Could Cut Russia Aviation Claims By $10B

By Martin Croucher

Insurers could reduce claims for aircraft stranded in Russia by as much as $10 billion through early settlements, a broker has said, but warned that the final bill will still be the largest aviation loss in history.

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LITIGATION

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Chris Eubank Jr. hit with a libel claim from a boxing promoter, a perfume boss face proceedings from his businesses following sanctions violations claims, and Israeli broadcasters file intellectual property claims against BT and Sky. Here, Law360 looks at these and other new claims in the U.K.

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POLICY & REGULATION

UK Levy Hike Drives Labor Costs Up In 2025, Think Tank Says

By Josh White

U.K. businesses are facing a spike in labor costs, thanks to the government's decision to raise employers' National Insurance contributions, a payroll levy used to fund social programs, a think tank said Friday.

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Complaints Commissioner To Warn FCA About P2P Lending

By Alex Davidson

The Complaints Commissioner for financial regulators has undertaken to write to the Financial Conduct Authority on significant issues in the peer-to-peer lending sector.

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DEALS

Clyde & Co. Merges With Dallas Insurance Boutique

By Emily Sawicki

Clyde & Co. LLP has announced a merger with Dallas boutique Tillman Batchelor LLP, expanding the global law firm's insurance capabilities in Texas amid its ongoing growth in North America.

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LAW FIRMS IN TODAY'S NEWS

3 Verulam Buildings

Beale & Co. Solicitors

Bird & Bird

Brabners LLP

Browne Jacobson LLP

Clark Hill

Clyde & Co

DWF LLP

Eversheds Sutherland

Harrison LLP

Hill Dickinson

Irwin Mitchell

Katten Muchin

Keoghs LLP

Keystone Law

Lewis Silkin

McDermott Will & Emery

Mullin Hoard

Norton Rose

Penningtons Manches

Pinsent Masons

Roythornes Solicitors

Sedgwick LLP

Simmons & Simmons

Trowers & Hamlins

COMPANIES IN TODAY'S NEWS

AerCap Holdings N.V.

Aspen Insurance Holdings Ltd.

Digital River Inc.

EE Ltd.

ESPN Inc.

Ecolab Inc.

Emirates NBD Bank PJSC

LG Electronics Inc.

LinkedIn Corp.

Public Joint Stock Co. Gazprom

TUI AG

Talktalk Telecom Group PLC

Virgin Media Inc.

Willis Towers Watson PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Department for Work & Pensions

Federal Bureau of Investigation

Financial Conduct Authority

UK High Court