Partners Ian Masser and Nathan Modell of Beale & Co discuss the key changes brought about by the Insurance Act 2015 (“the Act”) and what they may mean for you as an insured. They are joined by Craig Roberts, Associate Director at Griffiths & Armour, who provides some practical tips to help prepare for the changes which will apply from August 2016.
When the Act comes into force in August 2016, it will represent the greatest change to insurance contract law in this country in over 100 years. The Act will bring about changes in respect of:
– Duty of disclosure –v– new duty of ‘fair presentation’;
– Warranties and terms not relevant to the actual loss;
– Remedies for fraudulent claims by insureds;
– Contracting out; and Amendments to the Third Parties (Rights Against Insurers) Act 2010.
The webinar will be of particular interest to anyone who arranges insurance on behalf of their organisation.
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To view a recording of the webinar, please click on the video below.