March 2022 IRL Highlights



March 2022 IRL Highlights – in this issue: Subscribe here

Mobile Data in Court – The Final Defeat of Phone Encryption: A few years ago, we saw headlines like “Apple refuses to unlock phone of domestic terrorist for FBI” but then in October 2020 the news about encrypted phone access changed. Now that the encryption technology has been cracked for most phones, the only protection for users’ data is consent. For an insurance company to download phone data, they are required to provide written consent or a court order to legally obtain the information on a phone.

VoIP Phone Systems for Insurance Professionals – The Definitive Guide – Insurance Professionals face numerous challenges. Missing calls from clients and the public shouldn’t be one of them. Many have switched to VoIP.

Maritime Employers Liability – What It Is and Why You Need It – Recently we were reviewing insurance coverage with a local marine contractor. Through the course of our conversation, we learned that one of their employees had been operating a crane aboard another contractor’s barge for that contractor’s project. While this happened only rarely, it did open up a big gap in their coverage.

Updated key messages on EC proposals for Corporate Sustainability Reporting Directive – The insurance industry is Europe’s largest institutional investor, with EUR 10 trillion of assets under management, and for insurers to make appropriate investment decisions and comply with sustainability regulation it is vital that consistent, comparable, and machine-readable sustainability data is available. Survey link in article.

More than 500 million euros in damage caused by February storms – According to the first estimate of the Dutch Association of Insurers (VVV), the insured damage to homes, cars and commercial buildings by Dudley, Eunice and Franklin amounts to at least 500 million euros. Insurers receive record numbers of damage reports due to these storms and still expect a lot of consequential damage.

Turkey closes access to Black Sea – Turkey has asked all sides in the Ukraine crisis to respect the 1936 Montreux Convention, which gives Turkey the right to limit transit through its straits during a time of war.

 Ukraine crisis: Property insurance considerations – As the conflict between Russia and Ukraine continues, heavy fighting is taking place across various parts of Ukraine — including close to and in the capital city, Kyiv. Military strikes and street-level battles have resulted in tragic losses of life and suffering for people in Ukraine and caused significant damage to properties in several areas. Businesses with interests in Ukraine may now be looking at their property and political risk insurance policies to determine whether property damage or other losses may be covered. Here are a few considerations…

UN report: Climate change is so severe we’re running out of time to adapt – A comprehensive new United Nations-sponsored assessment of climate change finds that global warming is reshaping the world more rapidly and severely than was known several years ago.

Share this Post:
Posted by Alex Hodges
Alex has 40+ years of experience in the industry with a specific interest in the international P&C business. Alex began his career with Rollins Burdick Hunter Co in Chicago; moved to New York with the firm; then back to Chicago HQ after the acquisition of RBH by Aon. As part of Aon’s global acquisition team, he moved to The Netherlands to help with the integration of Hudig-Langeveldt and Frank B. Hall in Europe, Scandinavia, United Kingdom and the Middle East. Alex has expertise managing large multinational insurance programs. His last position with Aon was managing the Aon-owned Strategic Underwriters International MGA for Kidnap, Ransom & Extortion, Workplace Violence and Political Risk. Alex is the founder of Insurance Services Network Corporation and Editor-in-Chief of the IRL – Insurance Research Letter.


ad ad

Recent IRL blog posts (feed most recent date first)

Path to Solvency II reform won’t be easy

By David Worsfold - here's his latest article for you originally published by Insurance Investment Exchange May 12, 2022 The announcement in this week’s Queen’s Speech that there will...

Sometimes things happen that make you curious...

I came across the story below and began thinking about some of the ways in which bribery could take place especially in South America which is where this investigation focuses. I am not going to speculate...

March 2022 IRL Highlights

  March 2022 IRL Highlights – in this issue: Subscribe here Mobile Data in Court – The Final Defeat of Phone Encryption: A few years ago, we saw headlines like “Apple refuses to unlock...

February 2022 IRL Highlights

  February 2022 IRL Highlights – in this issue: Subscribe here Letters of Credit & Insurance Captives Bet you don’t know much about letters of credit. This is a good primer. Whether...

January 2022 IRL Highlights

  January 2022 IRL Highlights – in this issue: Subscribe here Autonomous Semis – The Answer to Supply Chain Woes? Supply chain issues have been a hot topic ever since Evergreen plugged up...

Russia v Ukraine Redux

From Advisen’s Front Page News February 15, 2022 Ukraine Airline Halts Flights One of Ukraine’s main airlines said Sunday it was forced to make an unscheduled landing in Moldova and suspended sales...