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Sanctions against Russia and Belarus: what you may need to consider

In response to the devasting events in Ukraine, the West has imposed sanctions on Russian trade, banks and other entities, and many individuals with links to the Russian regime. Sanctions are penalties imposed by one country on another to stop it from acting aggressively or breaking international law. 

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How the current government work-from-home guidance may affect your property insurance and what you need to do now

If you arrange your insurance through us and your property or any of your regular business premises are unoccupied following the government’s recent guidance to work from home where possible, then you must inform your CLEAR account executive as soon as possible. Likewise, you must also let us know if you or your tenants have substantively changed the pattern of occupancy that you disclosed previously. 

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CNA Hardy -  Cyber Attack

Over the weekend (20-21 March 2021) CNA Hardy were the victims of a large scale global Cyber Attack. Investigations continue into the cause and as to whether any customer data has been compromised.

CNA Hardy have stressed that the security of their data and that of their insureds ’and other stakeholders is of the utmost importance to them. Should they determine that this incident has impacted their policyholders’ data, they will notify those parties directly.

 

For more information please visit www.cnahardy.com

Why are certain types of insurance getting harder and more expensive to arrange? Unfortunately, the answer is far from simple...

We've already written about a 'hardening' insurance market and how, until recently, this was primarily confined to the supply of professional indemnity insurance (PII).  However, conditions across the whole insurance sector are now becoming more challenging as insurers are forced to increase premiums, reduce their presence in specific markets or withdraw from them altogether because they are no longer financially viable. 

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The Ogden discount rate - how will the changes affect you?

With effect from 5th August 2019, the Ogden discount rate will marginally increase from -0.75% to -0.25% for personal injury awards. The government made the decision to increase the Ogden Rate after the current rate led to concerns that victims of life-changing injuries (claimants) were being significantly overcompensated. Here are the key points to note about the changes and how they will affect you:

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Cyber-extortion in 2018: are you prepared?

Is your anti-ransomware strategy in place? Are you adequately insured in the event of an attack? If the answer is NO to either question, then you need to review your cyber-security urgently.

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