By: Amanda Beattie and Zoe Jones At a glance According to the Grantham Research Institute’s recent Global Trends in Climate Change Litigation: 2025 Snapshot report, in 2024 Australia was second only to the United States in terms of the number of claims made relating to climate. Litigation is inevitably a driver of climate action and […]
By: Catherine Hing and Cassandra Wills At a glance Omnipresent exposure across multiple industries: Microplastics emanate from manufacturing, construction, automotive, textile, cosmetic and other sectors, with scientific studies confirming their presence in the human body and organs, potentially linking them to respiratory disorders, neurological symptoms and other health issues. Early litigation has focused on misleading […]
By: Wes Rose and Sarah Metcalfe Introduction Despite construction inflation settling in the years immediately following the COVID-19 pandemic, construction inflation is again increasing across Australia.1 In addition to construction inflation increases, we are also seeing an increase in the quantum of construction claims. Various factors are contributing to this, including labour shortages, the ongoing shortage […]
Rising geopolitical tensions are reshaping how insurers and reinsurers assess exposure to strikes, riots, and civil commotion (SRCC) and political violence risks. With instability capable of rapidly triggering widespread property damage, the traditional “all risks” property insurance model is increasingly being tested. Derek Martin, Head of APA Claims at Munich Re and winner of Wotton […]
By: Naraya Lamart, Joseph Nicholls and Emma Campbell At a glance The shipping world was waiting with bated breath last week as Member States of the International Maritime Organization (IMO) prepared to vote on the draft amendments to MARPOL Annex VI, including the much-anticipated IMO Net-Zero Framework. However, in a shifting political landscape, delegates at […]
By: Kieran Doyle, Nicole Gabryk, Stephen Morrissey, Christy Mellifont, Joseph Fitzgerald, Ellie Brooks, Rebecca Wilson, Kayleigh Maxwell, Klara Vrdoljak, Rebekah Maxton, Phoebe Nikolaou, Miles McConway, Abbey Munro, Olive Huang, Tori Pfeifer Issue 13 of our Cyber, Privacy and Technology Report is here! Covering key developments and insights for insurers, brokers, and their customers operating in the cyber, […]
Volatile commodity markets are reshaping the way insurers assess business interruption risk, particularly in sectors such as energy, renewables, and mining. The standard Industrial Special Risk (ISR) Mark IV formula for calculating loss of gross profit is showing its limitations in this environment, often producing results that do not reflect the commercial realities of commodity-driven […]
Contracts form the backbone of commercial relationships, setting out rights, obligations, and apportioning risk when things go wrong. Liability, who’s responsible for loss and to what extent, is a critical focus in technology agreements. Australian liability law is complex and evolving, with careful drafting and proactive risk management essential as legal and business environments shift. […]
Artificial Intelligence is reshaping how insurers assess and manage risk, particularly as Large Language Models (LLMs) like ChatGPT become more widely used. While AI offers promising efficiencies, its application in complex claims environments remains limited. Andrew Bott, Executive Loss Adjuster at Chubb Insurance and finalist in Wotton Kearney’s Turning Point 2024/25 Competition, explores this emerging […]
Australia is rapidly transforming its energy sector to meet ambitious emissions targets – including achieving net zero by 2050 and reducing emissions by 65-75% by 2035. Supported by strong policy frameworks, bold state-level commitments, and over $9 billion invested in clean energy in 2024 alone, this transition is driving substantial growth in renewable projects across […]
