Emerging Risks - Is the UK becoming a hellhole jurisdiction for insurers?
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Podcast 09 December 2024 09 December 2024
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North America, UK & Europe
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Regulatory risk
In the fifth podcast episode of our Emerging Risks series, we explore the concept of “judicial hellholes”, analysing litigation challenges in both the US and UK.
Building on the webinar discussion, this episode explores the distinct contrasts between litigation trends in the US and UK. Whilst the US is seeing nuclear verdicts, social inflation and no-injury lawsuits, the UK remains far behind in these extremities. However emerging trends, such as litigation funding, could have significant implications for UK insurers and businesses.
Partner Neil Beresford is joined by:
- Melissa Gardner, Senior Counsel, US
- Natasha Lioubimova, Legal Director, London
The England and Wales jurisdiction falls quite far behind the US in terms of the unfriendliness or the hostility to insurers. And I think the only thing that I would say that insurers do need to bear in mind is that there are these shifts in certain areas; in relation to litigation funding, in relation to the forum shopping aspect that need to be on the radar. But overall, I think that the climate here and the landscape here for insurers is still pretty balanced.
Natasha Lioumbimova
End
