The 12 August 2016 saw the coming into force of the Insurance Act 2015, which has been described by some commentators as the most significant revision of insurance law in over a century. However, other commentators are less convinced that…read more
The Supreme Court orders insurer to pay despite lie by claimant
The Supreme Court has ordered an insurer to pay out even though the claimant admitted lying. The decision overturns the assumption that insurers can decline an entire claim where the claimant has been dishonest. The Association of British Insurers has…read more
Fraud prevention
Directors could end up in jail if they fail to prevent fraud by an employee under plans expected in a government consultation. The Ministry of Justice is considering whether to extend the ‘failure to prevent’ rules from bribery and tax…read more
Late payment of insurance claims
Insurers will have to pay insurance claims within a ‘reasonable time’ or face claims for damages under new legislation. The Enterprise Act, which received Royal Assent on 4 May 2016, has inserted new terms into the Insurance Act 2015. These…read more
Brunel appointed as recommended broking partner of the ICWCI
Award-winning insurance broker, Brunel Professional Risks has been appointed the recommended insurance broking partner for the Institute of Clerks of Works and Construction Inspectorate of Great Britain (ICWCI). The ICWCI is a professional body which supports construction quality through inspection….read more
Time limits for claims of negligence
How long can professionals be held liable for negligent advice? In the absence of a contract signed as a deed, a claim can be brought against a professional firm for up to six years after the negligent act was committed…read more
Steep rise in court fees causes alarm
Justice Minister, Shailesh Vara, has announced a 10{0a6a65c996ed4169444354e707b897cdb00dbefc1d0429e8febb9bf11027ba53} rise in court fees across a range of civil proceedings, together with the introduction of a number of new fees. The Law Society and senior judges have condemned the move. The Master…read more
Professional firms can fight back against defamation
Defamation can have a serious impact on the business of professional firms. Rating and review websites makes it easy for disgruntled clients to post damaging false comments about a firm online. Now professional firms can fight back, after the meaning…read more
Soaring cyber-crime to increase demand for insurance
Soaring cyber-crime and high profile attacks on leading businesses like Talk Talk underline the importance of cyber-liability insurance says Brunel Professional Risks. The latest figures published by the Office for National Statistics (ONS) reveal that there were 2.5m incidents of…read more
Policyholders to be able to sue for late payment of insurance claims
The government is planning to let companies sue for damages for late payment of insurance claims. At present insurers have no legal obligation to pay claims in a reasonable time. Now measures proposed in the Enterprise Bill, will ‘introduce into…read more
