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New rights for third parties to bring direct actions against insurers in the event that an insured party against which they have a claim becomes insolvent will come into force on 1 August 2016. 28 Jul 2016
Data from a vehicle 'black box' recorder helped a driver to avoid being held liable for a car accident they were involved in with another vehicle, an insurer has said. 27 Jul 2016
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
The Insurance Distribution Directive makes it easier for firms to trade cross-border, create a level playing field among all participants and strengthen policyholder protection.
The 2015 Insurance Act (2015 Act) applies to all commercial contracts of insurance, and variations to existing contracts of insurance, from 12 August 2016 and introduces what the UK government has described as “the biggest reform to insurance contract...
New rules will apply when insurers outsource "critical or important operation functions or activities" once the Solvency II regulatory regime comes into force on 1 January 2016. This short guide will provide a brief overview of the requirements, as well as...
Anti-competitive agreements are prohibited by European and domestic competition law. This means any anti-competitive provisions in commercial agreements are void and unenforceable which could lead to the entire agreement being unenforceable.
Those producing or selling packaged retail investment and insurance-based investment products (PRIIPs) will have to provide key information documents (KIDs) from the end of 2016.
The Financial Conduct Authority (FCA) has taken action against a number of UK insurance firms after finding evidence of "potential mis-selling and customer detriment" by their third party 'appointed representatives'. 27 Jul 2016
Insurers may wish to make changes to their contracts following the UK Supreme Court's decision to uphold a €3.2 million claim by the owner of a damaged dredging vessel who lied in support of that claim, an expert has said. 22 Jul 2016
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