Let the countdown begin – Insurance Act 2015

Years of detailed consultations and Parliamentary scrutiny culminated in the first change to the law relating to commercial insurance in more than a century as the Insurance Bill received Royal Assent yesterday. We haven’t been backwards in coming forwards about the huge impact of the new Insurance Act 2015. It’s imperative that the industry starts to prepare now for its implementation on 12 August 2016. The existing regime was founded in 1906 and so a makeover for the 21st Century is welcomed with open arms. We will continue to assist all of our customers as they prepare for the changes required by Insurance Act 2015. We do consider that the Act will provide significant opportunities for the insurance industry to meet the needs of its customers in the 21st Century and we look forward to your views, comments and questions. The clock is ticking!


About the Author

akAlistair Kinley is BLM’s Director of Policy & Government Affairs.

Alistair is responsible for BLM’s engagement with government departments and regulators on policy and public affairs issues and consultations affecting the firm and its customers. He coordinated BLM’s market-facing activities in connection with the Insurance Act 2015 and the consultations which preceded its publication and introduction in Parliament.

He is a member of the Civil Justice Council (CJC), a regular speaker and experienced commentator on legal and procedural reforms and was a contributing editor to the Law Society’s Litigation Funding Handbook (September 2014).

Preparing for the Insurance Bill

Last year the government introduced the Insurance Bill to Parliament, with the aim of supporting the growth of Britain’s insurance industry and helping customers by updating the 100 year-old rules governing contracts between businesses and insurers.

The Bill introduces a more modern legal regime, which will benefit both insurers and their business customers by increasing transparency and certainty over the rules that govern contracts between them and hopefully reduce the number of legal disputes
over time…[read more]


About the Author

akAlistair Kinley is BLM’s Director of Policy & Government Affairs.

Alistair is responsible for BLM’s engagement with government departments and regulators on policy and public affairs issues and consultations affecting the firm and its customers. He coordinated BLM’s market-facing activities in connection with the Insurance Act 2015 and the consultations which preceded its publication and introduction in Parliament.

He is a member of the Civil Justice Council (CJC), a regular speaker and experienced commentator on legal and procedural reforms and was a contributing editor to the Law Society’s Litigation Funding Handbook (September 2014).

Time for change: BLM guide to reform of commercial insurance law

The UK’s commercial insurance law is getting makeover in order to be fit for the twenty first century market. The existing regime – founded on a 1906 statute which itself codified case law from the eighteenth and nineteenth centuries – is being refined to reflect modern business relationships and to rebalance rights and remedies when things go wrong.

BLM have significant expertise on the content of the Insurance Bill and took part fully in all the Law Commission consultations leading to this stage. We have published a short guide which sets out some of the key points in a brief and accessible format. We hope you find it useful, relevant and thought-provoking.


About the Author

akAlistair Kinley is BLM’s Director of Policy & Government Affairs.

Alistair is responsible for BLM’s engagement with government departments and regulators on policy and public affairs issues and consultations affecting the firm and its customers. He coordinated BLM’s market-facing activities in connection with the Insurance Act 2015 and the consultations which preceded its publication and introduction in Parliament.

He is a member of the Civil Justice Council (CJC), a regular speaker and experienced commentator on legal and procedural reforms and was a contributing editor to the Law Society’s Litigation Funding Handbook (September 2014).