![Life-sciences-healthcare-medicine-doctor-consult-AdobeStock_204066372](https://www.nortonrosefulbright.com/-/media/images/nrf/hero/life-sciences-healthcare-medicine-doctor-consult-adobestock_204066372.jpg?w=265&revision=2c8471a9-a0c6-4b1c-8320-4d1f3713a015&revision=5250222615397387904&hash=256FF231E0B62A2ABB3C5CF799F81CAB)
Publication
TGA shelves biosimilar and generic transparency measures
In late 2020, following almost 18 months of public and industry consultations conducted by the Therapeutic Goods Administration (TGA).
Global | Publication | May 2020
Insurers have a far more sophisticated understanding of climate risks than many other industry sectors – insurers have been using tools to predict weather-related disasters for decades and they are exposed to claims whenever there is a climate-related event. The insurance industry is in a unique position in relation to the changing environment as insurers not only pay claims to indemnify insureds for climate-related damage, they also fund the economy through their significant investment portfolios. However the insurance industry is entering a new phase in terms of its response to climate change. Regulatory bodies are asking questions about what actions should be taken by insurance companies to plan for the changing environment. Insurers need to take a strategic approach to climate risks across all aspects of their business; this will require a holistic policy incorporating the management of assets, scrutiny of existing business being written for potential climate exposures and an awareness of potential personal liability at senior management and board level.
In this environment, we have chosen to write a series of briefings on the legal issues that insurers face in the context of the changing environment. These briefings are aimed at the directors and senior managers of insurance companies as well as those with responsibility for managing investment portfolios, underwriting, claims, risk management and legal and regulatory compliance. We will set out a view of the risks that insurance companies face, both in terms of the developing regulatory environment but also in terms of the identification of hidden exposure to climate risks and the changing claims environment.
In the briefings we cover the following topics:
We invite you to read our publications on the Insurance hub. If you haven’t yet registered on our premium content platform, you will need to do so to access our white papers and publications.
Publication
In late 2020, following almost 18 months of public and industry consultations conducted by the Therapeutic Goods Administration (TGA).
Publication
The NSW Environment Protection Authority (EPA) recently released for public comment its draft Climate Change Assessment Requirements (CCARs) and draft Guide for Large Emitters (Guide).
Publication
The introduction of a minimum stockholding obligation under the Fuel Security Act 2021 (Cth) has underscored the importance of traditional liquid fuels to safeguarding Australia’s energy security as it navigates the energy transition.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023