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The latest edition of Lockton’s Risk Radar is here! A must-read for businesses across the board, the Lockton Risk Radar leverages industry-leading expertise to provide invaluable insight into emerging trends that will shape strategic risk management.

Lockton Risk Radar: Specialist Insurance Publication – May 2024 Edition

The latest edition of Lockton’s Risk Radar is here! A must-read for businesses across the board, the Lockton Risk Radar leverages industry-leading expertise to provide invaluable insight into emerging trends that will shape strategic risk management. May’s hig ...

AI risks: what directors and officers need to know

All new technologies carry risks when introduced on an enterprise level. Artificial intelligence (AI) is no exception, and directors and officers may find themselves in the crosshairs should negative repercussions arise from the use of such tools.

To be prepared for the potential regulatory scrutiny or claims activity that comes along with the introduction of a new technology, it is imperative that boards carefully consider the introduction of AI, and ensure sufficient risk mitigation measures are in place.

All new technologies carry risks when introduced on an enterprise level. Artificial intelligence (AI) is no exception, and directors and officers may find themselves in the crosshairs should negative repercussions arise from the use of such tools.

To be prepared for the potential regulatory scrutiny or claims activity that comes along with the introduction of a new technology, it is imperative that boards carefully consider the introduction of AI, and ensure sufficient risk mitigation measures are in place.

Building Safety Act: risks and insurance guidance for conveyancers

The Building Safety Act 2022 (BSA) introduced protection for qualifying leaseholders from liability for cladding- and non-cladding related remediation works. The costs of these works can be substantial and it is the responsibility of conveyancers to suitably advise their client. Failure to do so, or doing so mistakenly, may find conveyancers subject to claims by purchasers and lenders.

The Building Safety Act 2022 (BSA) introduced protection for qualifying leaseholders from liability for cladding- and non-cladding related remediation works. The costs of these works can be substantial and it is the responsibility of conveyancers to suitably advise their client. Failure to do so, or doing so mistakenly, may find conveyancers subject to claims by purchasers and lenders.

The new 'failure to prevent' law presents challenges for D&O

The UK government are introducing a failure to prevent (FTP) law as a part of the Economic Crime and Corporate Transparency Act 2023 (the Act) which received Royal Assent on 26 October 2023.
While changes will be introduced gradually, it’s clear that the FTP law has potential implications for directors and officers (D&O) liability insurance.

The UK government are introducing a failure to prevent (FTP) law as a part of the Economic Crime and Corporate Transparency Act 2023 (the Act) which received Royal Assent on 26 October 2023.
While changes will be introduced gradually, it’s clear that the FTP law has potential implications for directors and officers (D&O) liability insurance.

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