Reed Smith News

Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims

Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 lockdowns. The UK Supreme Court dismissed appeals by six insurers โ€“ Hiscox, …

While Ships in Persian Gulf Turn Off Transponders to Avoid Seizure, Collision Risks Rise

Following weeks of mounting tensions in the Persian Gulf where vessels have been attacked and an oil tanker has been seized, recent news reports reveal that shipowners are trying minimize risk โ€“ by turning off their transponders and changing their …