Lloyd's underwriters have been warned that the likelihood of software manufacturers being sued in product liability cases is increasing.
Law firm Elborne Mitchell said though it had in the past been difficult to sue software manufacturers for product defects, this position “may soon become unsustainable”.
Elborne Mitchell partner Jolyon Patten said: "Software houses have thus far been able to avoid product liability litigation. Nonetheless, it seems probable that the lawsuits will eventually come."
Patten added that, in the past 15 years, software defects had delayed the opening of the Denver airport for a year and destroyed two NASA Mars missions.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
