Policyholders gain the right to sue insurers for late payment of claims

The Enterprise Bill has now received Royal Assent and will come into force on 4 May 2017 as the Enterprise Act 2016.

06 May 2016

In our recent briefing, Insurance reform – redress when insurers pay late, we considered provisions in the Enterprise Bill giving policyholders the right to claim damages from insurers for losses suffered as a result of insurers not paying claims within a reasonable period of time.  This is of particular importance to business continuity insurance or insurance of business critical operations.

The Enterprise Bill has now received Royal Assent and will come into force on 4 May 2017 as the Enterprise Act 2016.

For more information on what this means for you and your business, please contact Kari McCormick in our Insurance team.

Key contact

Kari McCormick

Kari McCormick Partner

  • Head of Financial Services 
  • Insurance
  • Dispute Resolution

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