Construction trends – checking the rear vision mirror while keeping an eye on the road ahead

The past year in the construction industry has been punctuated by a collection of legislative reforms, pandemic responses and technology advances. It’s also been a challenging time in which the industry has been dealing with the continued fallout from market-shaping events, such as the Lacrosse and Grenfell Tower fires, and heightened rates of insolvency. Against […]

General Liability Trends Update: Towards 2022

2021 presented the general insurance industry with many uncertainties. Our 2020 GL Trends Report provided foresight into several trends that have impacted, and continue to impact, the general liability market in Australia and New Zealand, including historical abuse claims across different sectors, concussion and its impact on sport, as well as COVID-19 risks as it […]

Climate change is heating up boardroom risks

Regulators in Australia and around the world are treating climate change as a major systemic financial risk. Given the high levels of regulator scrutiny, investor activity and public interest, it is only a matter of time before significant claims (potentially including securities class actions) are brought against directors and officers who fail to properly consider […]

NZ Insurance Market Trends Update

Welcome to Wotton Kearney’s NZ Insurance Market Trends Update, our biannual snapshot of legal trends and developments impacting claims managers, underwriters, brokers and corporates operating in the New Zealand market. In this edition, we look at the impact of recent matters in the areas of D&O claims, representative actions and EPL. We provide updates on […]

W+K Community Footprint FY2020 Report

Last year, vulnerable members of our communities needed more help than ever before. Through our Pro Bono and Responsible Business program, Community Footprint, W+K was able to help people experiencing homelessness, refugees and people seeking asylum, people experiencing domestic violence, and the elderly. Our Community Footprint program is a core part of who we are, […]

Emerging General Liability Trends Update

There have been a number of general liability trends strengthening or emerging across 2020. Construction risks remain a hot topic given the increased infrastructure activity across all states, coupled with the high levels of political, public and media attention on building defects and cladding issues. There is also growing interest in litigation funding activity focussing […]

Resource hub: Legislative reform of the building and construction industry in NSW

The NSW Government has introduced sweeping legislative changes that are intended to regain public confidence in the building and construction industry. The new legislation, in particular the Design and Building Practitioners Act 2020, will have a significant effect on establishing the liability of design and building practitioners within the construction industry and how they are […]

Inclusion in the insurance industry – 2020 report released

Wotton Kearney has again joined forces with ANZIIF, Liberty Specialty Markets and SURA to investigate how experiences of workplace inclusion are affecting the insurance industry. This year, more than 600 respondents shared their views on inclusion to help inform the final report Local Voice, Global Impact: Deep Dive on Inclusion Survey 2020 which was launched […]

The value of statutory liability cover in an increasingly regulated world

In the post Royal Commission world, regulator activity in Australia has reached new levels. Increased public scrutiny and greater government funding has meant that regulators are encouraged to take significant amounts of investigation and enforcement action against offending businesses. While there has been a brief hiatus due to the impact of COVID-19, various regulators have […]

NZ Privacy Act 2020: Update 1 – What the new law means for insurers and their insureds

On 30 June 2020, New Zealand’s privacy regime was reformed with the royal assent of the Privacy Act 2020. The new legislation will come into effect on 1 December 2020. The new legislation introduces a range of reforms that bring New Zealand into line with international best practice for privacy and data protection. These include mandatory […]