New provisions in the Enterprise Act 2016 (“the Act”) which give policyholders a potential right to claim damages in the event of late payment of insurance claims, come into force this week on 4 May.  The new law will apply to every contract of insurance entered into after the provisions come into force.

For a full review of the Act and its practical impact for policyholders and (re)insurers, please click here to read our e-bulletin that was published when the Act received royal assent.

 

David Reston
David Reston
Partner, dispute resolution
+44 20 7466 2244
Fiona Treanor
Fiona Treanor
Senior Associate, dispute resolution
+44 20 7466 2307
Clare Montgomery
Clare Montgomery
Associate, dispute resolution
+44 20 7466 3857