The effect of the US legal environment on casualty insurance business

Document description

It soon becomes apparent to a new entrant to an underwriting organisation writing US casualty insurance business in the London market that the business is significantly different from the liability insurance traditionally written in the UK domestic market. It takes a little longer to appreciate to what extent this arises from the legislative framework against which the original business is conducted. It is the intention of this note to explain the main areas relevant to casualty insurance in which the legislative environment in the US differs from that in UK. The note concentrates on casualty insurance, since in the field of property insurance the legislative environment is less significant.