Draft Third Parties (Rights Against Insurers) Act 2010 (Consequential Amendment of Companies Act 2006) Regulations 2018

Yet another gripping headline to draw in the reader of this blog … but despite the arcane title and multiple brackets these new regulations are worth knowing about. What they’ll do when implemented is to rectify a barrier to rights of recovery after an insurance policy covering a dissolved, insolvent or otherwise no-longer-existing insured has responded to a third party’s claim. Continue reading

Civil Liability Bill – now five years for discount rate reviews

Yesterday afternoon Peers completed their debates on the Bill. Almost all of the short discussion (of just around 40 minutes or so) focused on the part 2 of the legislation, ie the discount rate provisions. Continue reading