A statutory instrument has recently been passed providing that the Third Parties (Rights Against Insurers) Act 2010 will, finally, come into force on 1 August 2016, some six years after it was first passed.
On 4 May 2016 the Enterprise Bill received royal assent and will come into force in May next year. From an insurance perspective, the Enterprise Act 2016 will have important ramifications, as it introduces amendments to the Insurance Act 2015 allowing for damages to be claimed for the late payment of […]
In The Mayor’s Office for Policing and Crime v Mitsui Sumitomo Insurance Co (Europe) Ltd & Ord  UKSC 18, the Supreme Court ruled on the quantification of compensation available to insurers under the Riot Act 1886, following insured losses caused by the London riots in 2011. The principal issue […]
Technology and Construction Court considers the meaning of “deliberate … non-disclosure” in an insurance policy exclusion clause
In Mutual Energy Ltd v Starr Underwriting Agents Ltd & Anor  EWHC 590 (TCC), the Technology and Construction Court has held that the words “deliberate … non-disclosure” must involve dishonesty. A company’s honest but mistaken belief that something need not be disclosed was not enough to allow insurers to […]
Online eligibility requirements will frustrate some insurance businesses, but remedies are available
Businesses operating within the insurance industry will soon be able to use <[name].insurance> domain names to direct customers to their online content. The application process for these industry-specific names begins on 3 May 2016 and combines substantive eligibility and administrative requirements.
In Legg & Ors v Sterte Garage Ltd and Aviva UK Limited  EWCA Civ 97, the Court of Appeal upheld the first instance decision that a third party costs order made against the defendant insurer was justified in circumstances where there was ample evidence that the insurer had acted […]
Insurers and insurance distributors don’t usually think of themselves as emerging companies. These industries “emerged” more than 300 years ago; and they’ve been growing and developing ever since. So why is Cooley being asked about #InsurTech and Peer-to-Peer (P2P) insurance so often? Answer: because these things are real, they’re growing, and they’re coming to EC3. (In fact, they’re already here.)
On 17 March, the European Commission published the preliminary findings of its review of the Insurance Block Exemption Regulation (“IBER”). The IBER provides a safe harbour from the EU law prohibition of anticompetitive agreements for specific types of insurance industry practice that fall within its scope.
In Heneghan v Manchester Dry Docks Ltd & Ors  EWCA Civ 86, the Court of Appeal considered whether the Fairchild exception should be applied in a case of multiple exposures to asbestos leading to lung cancer. Like mesothelioma, lung cancer is regarded as an “indivisible” disease – the severity does […]
Lloyd’s Chief Risk Officer, Sean McGovern, spoke to the Insurance Institute of London yesterday about the impact of a possible Brexit on insurers, reinsurers and brokers. The speech was delivered at a sensitive time, and with some urgency: most commentators expect UK / EU negotiations to finish next week; with […]