A summary of recent developments in insurance, reinsurance and
litigation law.
Late Payment Damages and Rights of Third Parties:
The Enterprise Bill received Royal Assent on
4th May 2016. The late payment provisions, which are
drafted as an amendment to the Insurance Act 2015, will therefore
come into force on 4 May 2017.
The Third Parties (Rights against Insurers) Act 2010 has
now been updated by regulations (the Third Parties (Rights against
Insurers) Regulations 2016) to reflect changes in insolvency law.
The 2010 Act will come into force on 1 August 2016.
This week's caselaw:
Greenway v Johnson Matthey: Court of Appeal decides
whether employees had suffered actionable personal injury –
of possible interest to employers' liability insurers
