The Insurance Act 2015
On 12th February 2015, Parliament passed the Insurance Act 2015. The reforms brought about by the Act are the most significant changes to be introduced to United Kingdom insurance contract law since the Marine Insurance Act of 1906. Implementation of the amendments will follow an 18-month preparation period with the Act coming into force on 12 August 2016.
Saracens-Allianz Partnership Offers Work Experience Opportunity
The partnership between Allianz and Premiership Rugby giants Saracens has been going strong since the club’s stadium was christened Allianz Park back in 2012.
A Warm Welcome to Mark Bayford
We’re delighted to welcome Mark Bayford as a commercial account executive. Exciting times for us as Mark brings with him substantial commercial insurance experience as well as expertise in two niche areas of insurance.
The Insurance Bill Part 2: Insurance Warranties
In our last post on the Insurance Bill, we discussed how legal reforms proposed by the Law Commission and Scottish Law Commission could be set to revolutionise the way commercial insurance is provided and administered in the UK. We talked in detail about how the Insurance Bill will affect duty of disclosure, a grey area of commercial insurance that has been recognised as being poorly understood. The Insurance Bill will also have an effect on insurance warranties, another area of concern and confusion for businesses, and it is these we will discuss in this latest post.
The Insurance Bill
On 15 July 2014 the Law Commission and the Scottish Law Commission presented a report to Government. The report, the culmination of eight years of consultations, included certain recommendations which we are discussing in this post, together with a draft Bill - the Insurance Bill - designed to implement them. The recommendations were intended to reform what is now considered outdated law on insurance which is based on the 18th and 19th century principles of the Marine Insurance Act 1906. And it will spell good news for businesses seeking insurance.
Building a House in Ethiopia
The award for possibly one of the most meaningful uses of annual leave amongst our team this year has to go to Tim Nurcombe, who has recently returned from a trip to Ethiopia. Tim had been part of a team of ten volunteers recruited by global housing charity Habitat for Humanity, which campaigns for safe and decent housing through the elimination of poverty and homelessness.