Insurance Act 2015 roundtable discussion

11 Jan 2016

BLM’s Terry Renouf is taking part in the CIR magazine roundtable discussion on the Insurance Act 2015 this Wednesday, 13 January at the South Place Hotel in London.

 

The changes presently before the House of Commons proposed by the Enterprise Bill relate to insurance “late payments”, meaning that the discussion about the importance of quick payment on loss of property claims and the priorities for risk, claims and insurance managers is particularly pertinent.

 

The Insurance Act 2015 is due to come into force on 12 August 2016 and is designed to change the law to reflect modern business relationships and to rebalance rights and remedies when things go wrong. The Act will seek to change and clarify commercial insurance law in three key areas: the pre-contractual duty of disclosure and the effect of mis-representation at that stage; the effect of warranties and “irrelevant terms” contained in the policy and an insurer’s remedies for fraudulent claims.

 

You can keep up to date with all the latest developments on the Insurance Act and the Enterprise Bill by subscribing to the RED blog

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to customers of BLM. Specialist legal advice should always be sought in any particular case.

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