North America: Insurance

The Cayman Islands Monetary Authority has published a revised Enforcement Manual that significantly expands its publication framework for enforcement actions against regulated entities. For reinsurance companies operating as Class B or Class D insurers, the Manual clarifies CIMA's broad enforcement toolkit and highlights critical compliance areas where boards must maintain vigilant oversight. Understanding these enforcement priorities and reputational risks is essential for maintaining regulatory standing a

Picture this: a pipe bursts, or a small fire breaks out in the back office, and you file a commercial property insurance claim expecting it to be straightforward. Instead, the cheque that arrives is thousands of dollars short of what you lost. Nine times out of ten, the reason is buried in a clause most policyholders never read closely, the co-insurance clause. By the time they find out about it, it’s too late to do anything but pay the difference themselves.

Navigating insurance coverage for False Claims Act investigations requires careful attention to policy structures, notice requirements, and insurer reservations of rights. This podcast episode explores the critical considerations companies face when seeking coverage for defense costs and settlements in FCA matters. Industry experts discuss practical strategies for policyholders to maximize their insurance recovery options.