Dilatory English underwriters must watch out from next year

One of the most appalling rules of English insurance law finally bites the dust next year. The Enterprise Act 2016 received the Royal Assent earlier this month. From 4 May next year it inserts a new section (s.13A) in the Insurance Act 2015 finally allowing damages for late payment of insurance claims.

Quick overview: see our friends at Clyde & Co.

Detailed coverage: see The Insurance Act 2015: A New Regime for Commercial and Marine Insurance Law (ed M.Clarke & B.Soyer), ISBN: 9781138683303, Chapter 6 (by an author of this blog). Available from all good bookshops from August.

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