UK: Damages for late payment of insurance claims available from May 2017
By Max Dannheisser & Martin Membery Contributed by Sidley Austin LLP From International Law Office Introduction Insured’s right to claim damages New uncertainties Contracting out Practical considerations Introduction The Enterprise Act 2016, which was enacted by Parliament on May 4 2016, contains…
Commission and remuneration for insurance agents and intermediaries: poised for change
By Celia Jenkins Contributed by Tuli & Co From International Law Office Overview Historically, the insurance statutory and regulatory framework has strictly restricted the amount of commission or remuneration that could be paid to insurance agents and insurance intermediaries (eg, insurance brokers,…
