Insurance sector update: February 2011
This monthly update provides highlights of the news and developments on Pinsent Masons' OUT-LAW.COM that we think will be of most interest to the insurance sector. For past issues, go to our archive and for insurance-related material generally, see OUT-LAW's legal info for the insurance sector.
OUT-LAW News
EU consults on class action-style suits
Class action-style law suits could become a feature of
European law in more areas than just competition and
consumer protection law, according to European Commission
plans.
16/02/2011
UK opposes plans for '28th regime' for contract law
There is no need to reform European consumer contract law
and no evidence to suggest that the European Commission's
preferred solution would work, the UK Government has said.
14/02/2011
Jackson slams piecemeal civil litigation funding proposals
Government proposals to modify Lord Jackson's comprehensive
package of civil litigation reforms would be a "disaster",
according to Lord Jackson.
02/02/2011
Government delays Bribery Act to write new guidance
The Government has delayed the implementation of the Bribery
Act. It will not now come into force in April as planned but
will be put on hold while the Government rewrites guidance
for businesses on how to comply with the 2010 law.
31/01/2011
EU ministers strip consumer rights law of controversial elements
EU member states have given a proposed Consumer Rights
Directive the go-ahead but have removed its most
controversial elements. A European Parliament vote in March
is the last hurdle to the passing of the law.
28/01/2011
OUT-LAW Guides
Product intervention
How far should a financial regulator be allowed to interfere with product design and price in the interests of protecting consumers?
Simple financial products
The Government wants to encourage the development of a range of simple financial products that "do what they say on the tin". But will the industry back the initiative?
OUT-LAW Case reports
Re Digital Satellite Warranty Cover Ltd
A court has held that extended warranty contracts covering satellite television equipment were contracts of insurance. The businesses selling them were carrying out regulated activities that required FSA authorisation.
Contact us
We're always keen to hear from you. Please email emily.bourne@pinsentmasons.com or call Emily on 020 7418 7099 if you have any questions. Emily Bourne is a professional support lawyer at Pinsent Masons who specialises in insurance law.
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