Laws and professional codes of conduct require many professions to take out liability insurance for financial loss, but also sometimes for personal injury and damage to property. The content and scope of the minimum insurance is regulated differently depending on the profession. If a GmbH provides tax advice, financial losses amounting to € 250,000 must […]
Liability risks of the broker vis-à-vis the policyholder and the insurer due to unclear positioning A new judgement of the OLG Hamm (Ref.: I-20 U 38/10, dated 03.11.2010) proves: Insurance brokers often assume unseen that they are (exclusively) in the camp of the policyholder (insured party) and are not neutral “third parties”. The OLG, on […]
Liability risks of the broker vis-à-vis the policyholder and the insurer due to unclear positioning A new judgement of the OLG Hamm (Ref.: I-20 U 38/10, dated 03.11.2010) proves: Insurance brokers often assume unseen that they are (exclusively) in the camp of the policyholder (insured person) and are not neutral “third parties”. The OLG, on […]
Freedoms outside the regulation of insurance mediation No insurance mediation without mediation of an insurance contract The implementation of the Insurance Mediation Directive has created professional regulations for the profession of insurance intermediary (agent or broker) and insurance advisor. New is the overlapping of the permission for insurance consultation by insurance brokers in § […]
In its ruling of 24 April 2007, the Federal Court of Justice (BGH) decided that initiators are liable for damages in the event of “deliberately objectively evidently false” information in the prospectus. In the present case, it was a question of special benefits outside the articles of association or reorganisation costs without any basis in […]
