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Insurance Contracts United Kingdom

Goodwin

English High Court Rules In Favour Of Policyholders In COVID-19 Business Interruption Test Case

Goodwin on

The High Court has yesterday handed down its judgment in the test case of The Financial Conduct Authority v Arch and Others. The case, brought by the Financial Conduct Authority on behalf of policyholders and joined by two...more

Hogan Lovells

Spain: Contingency measures following no-deal Brexit published –and they guarantee continuity of insurance contracts and smooth...

Hogan Lovells on

What is all about? Brexit month is finally here –or is it? Interests at stake on both sides of the Channel, fearing consequences of a no-deal Brexit, may end up cristalysing in a delay and extension to Article 50 of the TFEU....more

Hogan Lovells

UK: Transition without a transition period: EIOPA issues recommendations on continuity of insurance contracts following no-deal...

Hogan Lovells on

On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more

Hogan Lovells

No-deal Brexit: new publications from HM Treasury and the FCA

Hogan Lovells on

HM Treasury published guidance on 8 January 2019 for financial services institutions in a no-deal Brexit situation, updating HM Treasury’s 23 August 2018 technical notice on the financial services regulatory framework in the...more

Hogan Lovells

The time is now: EIOPA calls for action to ensure service continuity

Hogan Lovells on

Following its Opinion on 21 December 2017, the European Insurance and Occupational Pensions Authority (EIOPA), yesterday (5th November) issued a call to action to ensure service continuity in cross-border insurance....more

Hogan Lovells

Corporate Insurance Newsletter – June 2018

Hogan Lovells on

The Hogan Lovells’ Corporate Insurance Newsletter for June has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. ...more

Cooley LLP

Blog: High Court Confirms Position On Qualifications Of Arbitrators

Cooley LLP on

In Tonicstar Limited v Allianz Insurance PLC & Ors [2017] EWHC 2753 (Comm) Mr Justice Teare confirmed that where an arbitration clause specifies that the arbitrators should have “experience of insurance or reinsurance”, it...more

Jones Day

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

Jones Day on

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

K&L Gates LLP

Damages for Late Payment of Insurance Claims – A Major Advance for Policyholders

K&L Gates LLP on

The late payment of insurance claims has been a particular problem for commercial policyholders for many years. Any business which is the target of multiple claims or criminal or regulatory investigations or proceedings, or...more

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