Insurance Law



Insurance Law


On June 12, 2018, the Office of Insurance Regulation (“OIR”) released an update on Hurricane Irma claims data received by insurers. The total number of reported Hurricane Irma claims has reached 978,767 with losses totaling an estimated $9,701,252,056.

Of those claims, OIR reports that 823,733 are for residential properties and 58,544 for commercial properties. Miami-Dade County, Florida’s most populated county, continues to suffer the largest percentage of claims at 125,636. Collier County comes in next with 88,934 reported claims.

Read more: Irma by the Numbers: The Claim Count Continues to Grow


Authors: Rebecca Stevens, Partner and Tamara Baldwin, Solcitor

Introduction

The New South Wales District Court finds in favour of the owners and operators of a white water raft course on that basis that there was no negligence and the injury was sustained as a result of the materialisation of an obvious risk.

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Authors: Glenn Biggs, Partner and Sarah Berkman, Solicitor

The recent decision of The Thistle Company of Australia Pty Ltd v Bretz & Anor [2018] QCA 6 concerns an appeal by the Thistle Company of Australia, who was the owner / operator of a service station, to overturn a decision of the District Court of Queensland in favour of the plaintiff, Mr Bretz, for injuries sustained whilst on their premises. 

Read more: Service station liable for failure to distinguish elevated platform


Authors: Stephen White, Partner and Rebecca Wilson, Solicitor

It’s official!  Labour hire workers are at greater risk of being injured at work than ordinary employees.1 Workers’ compensation premiums for labour hire employees are also higher than premiums for employees generally.2 Anecdotally at least, so are public liability premiums and deductibles for businesses who regularly use labour hire staff.

None of these issues will come as a surprise to casualty underwriters or corporate users of labour hire providers.

In response to these and other issues affecting the labour hire industry, the Queensland Parliament has enacted the Labour Hire Licensing Act 2017 (Qld) (Act), which will come into effect on 16 April 2018.  This newsletter examines the scope and reach of the new laws, possible effects on claims frequency and whether there are opportunities for casualty underwriters and corporate users of labour hire services to take advantage of the new legislation to more clearly evaluate the likelihood of injuries and claims.
 
To read more click here, or visit www.carternewell.com 


Authors: Stephen White, Partner and Milton Latta, Senior Associate

In our last Insurance newsletter, we discussed liability issues arising out of the decision in Paskins v Hail Creek Coal Pty Ltd[2017] QSC 190. This article explores the quantum issues in that decision.

Varying approaches can be taken to the assessment of future economic loss for plaintiffs working in the mining industry. The approach often taken is to apply a greater than usual discount to allow for such factors as pre-existing injuries, uncertainties in the market place, and uncertain residual earnings capacities. 

McMeekin J has previously adopted such an approach in many of his judgements. Paskins is a further example of this. The unusual feature of this case is the much greater than usual discounting applied, which makes it an important decision to be aware of when assessing claims in a mining context.

The purpose of this article is to examine what factors can justify the imposition of a greater than usual discount when assessing future economic loss.

To read more click here, or visit http://www.carternewell.com