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.