Keoghs Insight

Welcome to the latest edition of Keoghs’ Property Insurance AWARE magazine, which we hope you continue to find useful.

Key developments in this issue include an update on the Insurance Act 2015 (due to come into force in August 2016), including an assessment of the impact of the Enterprise Bill 2015 (due to take effect in 2017).

Articles in this edition include consideration of the application of waste warranties and recyclable items and the implications of late settlement of damages payments. We offer our thoughts on the right of insurers to bring subrogated recovery claims and consider the Wrotham Park case, and the resultant implications on negotiating damages in lieu of injunctive relief.

In what will undoubtedly be an interesting year in terms of judicial impact, we await with interest the result of the Supreme Court hearing of Mitsui Sumitomo Insurance Co (Europe) Ltd & Ors v the Mayor of London’s Office for Policing and Crime (MOPC). In this case the Court will consider the question of whether or not the MOPC was liable under the Riot (Damages) Act 1996 for the consequential losses suffered by victims and their insurers as a result of a fire deliberately caused during the 2011 London Riots. Rest assured we will provide an update at the relevant time.

Should you have any queries please do not hesitate to contact Matthew Rogers or the author of the relevant article.