Beale & Co

Legal Guidance and Research / Experts / Organisations / Beale & Co

9 Experts

Clear all filter

2 Contributions by Beale & Co Experts

Building Safety Regulator: functions, HRB gateways, oversight of building control, enforcement (including injunctions), fees, contractual impacts, and post-Grenfell reforms including 2026 transfer of functions (England)
PRACTICE NOTES
Building Safety Regulator: functions, HRB gateways, oversight of building control, enforcement (including injunctions), fees, contractual impacts, and post-Grenfell reforms including 2026 transfer of functions (England)
Following the Grenfell Tower tragedy in June 2017, Dame Judith Hackitt’s Independent Review of Building Regulations and Fire Safety concluded that a profound change in mindset and practice was required across building safety. In her final report, issued in May 2018, she underlined that the entire system demands a radical overhaul and clarity about how it should operate; the challenge is far more than cladding specifications alone, pointing instead to a sector that has failed to self-scrutinise, learn for itself, or take guidance from other industries. The building safety enquiry culminated in the widely discussed and long-awaited Building Safety Act 2022 (BSA 2022), which obtained Royal Assent on 28 April 2022. BSA 2022 embodies the step-change in how building safety is addressed and how higher-risk buildings (HRBs) in England are regulated, answering the call Dame Judith Hackitt set out. At the centre of this
Construction
Silent cyber in UK professional indemnity insurance: PRA/Lloyd’s oversight, IUA and LMA clause approaches, and implications for regulated professions
PRACTICE NOTES
Silent cyber in UK professional indemnity insurance: PRA/Lloyd’s oversight, IUA and LMA clause approaches, and implications for regulated professions
Silent (or non-affirmative) cyber coverage, and the systemic risk it presents to the insurance market, have been of significant regulatory concern in recent years. This Practice Note explores silent cyber within professional indemnity insurance (PII), the regulatory concerns it has prompted, and how the market has responded so far. It also reviews the contrasting approaches taken by the International Underwriting Association (IUA) and the London Market Association (LMA), and what those positions mean for underwriting practice and minimum terms for regulated professions. Cyber risks cover any exposure to financial loss, operational disruption or reputational harm suffered by an organisation resulting from the failure, unauthorised use or mistaken operation of its IT systems. Such exposures may arise from malicious conduct (including cyberattacks) and from non-malicious events (for example, system outages or accidental data loss). The frequency and visibility of cyber incidents have risen
Insurance & Reinsurance
If you expected to see yourself on this page, click here.