We keep you up-to-date on emerging market issues and their impact on the insurance sector,
through a variety of publications, events and our leading market initiatives.
In our latest blog we consider the costs associated with Escape of Water claims and what insurers can do to enhance their prospects of pursuing recovery claims against third parties.
Client Alerts 28/07/2016
The Third Parties (Rights against Insurers) Act 2010 allows claimants to recover compensation directly from insurers where the insured is insolvent. The old (1930) Act requires claimants to establish the insured’s liability before bringing a separate claim against their insurer. The new Act comes in to force on 1 August 2016.
Key developments in this edition 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).
In this edition, we focus on key developments affecting the legal and insurance industries including the forthcoming Insurance Act and the Deregulation Act 2015.
In this edition we look at combatting fraud, the Party Walls Act 1996 and mistaken payments: How to recover overpayments made to the insured.
- Inundated: UK floods hit thousands of householders and businesses, but what about their insurers?
- Combatting Fraud
- Wilful and malicious damage - exclusions & the ‘insanity defence’
- Relief from sanctions following Mitchell
- Who gets what? Splitting the proceeds of recovery between insured & uninsured losses
- Mistaken payments: How to recover overpayments made to the insured
- Witness Evidence: Balancing Costs and Proportionality
- Party Walls etc Act 1996
In the first edition of Property AWARE we look at a range of issues including the insured's duty of disclosure, especially in the case of multiple misrepresentations and the after-effects of CIDAR and its implications for insurers.