BLM consultant David Hertzell examines the intricacies of the Insurance Act 2015 and explains what it will mean for firms' professional indemnity policies, in the latest edition of Solicitors Journal.
"The Insurance Act 2015, set to come into force on 12 August 2016, is the third to come from the Law Commissions' insurance law project. It follows the Third Parties (Rights against Insurers) Act 2010 and the Consumer Insurance (Disclosures and Representation) Act 2012.
Collectively this legislation represents the most significant change to insurance law in the last 100 years, with the last two Acts replacing large parts of the Marine Insurance Act 1906."
To read David's full article and be redirected to the Solicitors Journal website please click here.