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Insurance and reinsurance weekly briefing: COVID-19 furlough appeal, AI professional indemnity gaps, PRA STTR letter, Lloyd’s authorisations, IAIS consumer fairness, key cases and consultations—10 July 2025

Published on: 10 July 2025

Published by a LexisNexis Insurance & Reinsurance expert
Legal News
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Article summary

In this issue:

  • Coronavirus (COVID-19) business interruption insurance
  • Insurance types
  • UK Regulation
  • International Regulation
  • Cases tracker
  • Dates for your diary
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

Coronavirus (COVID-19) business interruption insurance

Top court to hear appeal in COVID-19 insurance furlough case

The UK Supreme Court has agreed to consider an appeal in a disputed case where insurers effectively kept state furlough funds intended for businesses during the coronavirus (COVID-19) pandemic. See: Top court to hear appeal in COVID-19 insurance furlough case.

Insurance types

Professional indemnity

Lawyers warn that companies replacing employees with artificial intelligence (AI) tools could encounter hurdles claiming under standard negligence policies if consumers are left out of pocket. See: AI risks leaving UK businesses exposed to insurance gaps.

UK Regulation

PRA publishes letter on solvency-triggered termination rights in BPA transactions

The Prudential Regulation Authority (PRA) has sent a 'Dear Chief Risk Officer' letter from Gareth Truran, executive director of insurance supervision, setting out its perspective on risks from solvency-triggered termination rights clauses (STTRs) in bulk purchase annuity (BPA) deals and its evaluation of firms’ risk mitigation...

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