Insurers To Refuse Claims For Companies Using Forced Labor

Law360, London (July 17, 2020, 1:18 PM BST) -- Underwriters said on Friday that they are backing a call to stamp out modern slavery and forced labor in supply chains linked to the companies that British insurers cover.

The International Underwriting Association said it is supporting a move to introduce new market clauses that will mean insurers cannot make claims on behalf of companies that make use of slave labor.

The clause, which was developed by members of the association and Lloyd's of London, the specialty insurance market, states that payments on claims must be conditional on policyholders having undertaken due diligence to comply with laws on forced labor and modern...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!