Enterprise Bill, 2015
| 09 Nov 2015
Included as Part 5 of the Enterprise Bill, currently being debated in parliament, is a section seeking to amend the Insurance Act, 2015 by allowing damages to be claimed for an unreasonable delay in settlement of insurance claims. This provision was dropped from the original wording of the Insurance Act,2015 in order to secure its swift passage into law.
Scottish Civil Courts Reform
| 30 Sep 2015
September 2015 sees the introduction of many of the elements included in the Courts Reform (Scotland) Act, 2014 which extends the jurisdiction of the Sheriffs Court and introduces a new appeals proceedure. A brief overview of the changes is available in the Members Section of this website under the Technical Information section.
New Insurance Code of Practice in Australia
| 16 Jul 2015
A new Code of Practice relating to the sales of general insurance products and claims handling in Australia came into force on 1st July 2015. Although not applicable to the way insurance is sold and claims are dealt with in the U.K., time limits for various elements within the claims process are laid down which firms are required to comply with if complaints are to be avoided. How long will it be before similar provisions and time limits will apply elsewhere in the world?
2015 Annual General Meeting
| 15 May 2015
The 2015 Annual General Meeting took place at The Counting House,Cornhill, London EC3 on 14 May. The existing officers and board members were re-elected for the forthcoming year. Copies of the Chairman's Report and Accounts can be found on the members section of this web site. Discussion took place on matters raised by the Chairman and members present, as well as progress towards the launch of ILAA's Claims Review Service.
The Insurance Act 2015
| 19 Feb 2015
The Insurance Act 2015 received Royal Assent on 12 February 2015. Although most of its provisions, involving the Duty of Fair Presentation, Policy Warranties, Remedies for Fraudulent Claims and modification of the principle of "Utmost Good Faith" do not come into force until 12 August 2016, members can find a copy of the Act, comments on its drafting and much other information in the Member's section of this website.