By Rowan Barry
Oct 23, 2014
In July, the Law Commission, a Ministry of Justice sponsored public advisory body, presented a report to Government. It comprised a set of recommendations for reforms and a draft bill called the Insurance Bill, all of which, it is hoped, will revolutionise the way commercial insurance is sold in the UK.
With current insurance law based around the Marine Insurance Act of 1906, it doesn’t take much to realise that the law is now seriously out of date and it is no wonder that so many disputes between businesses and insurers arise. (more…)