John Iole

John Iole

Jones Day

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Time Is Money: A Remedy for Delay in Settlement of Commercial Insurance Claims in the UK?

Section 13A of the Insurance Act 2015 ("Section 13A") implies a term into insurance policies issued or varied after that date that requires insurers to settle claim sums due within a "reasonable time". This new provision...more

4/25/2017  /  Claims Limitations Period , Commercial General Liability Policies , Contract Terms , Insurance Contracts , Private Right of Action , Prompt Payment , Remedies , UK
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