The Enterprise Act (damages made for late claims) - what are you doing?

In this IIL claims lecture Andrew Wales QC considered how the Enterprise Act, which into force in May 2017, may impact on day to day claims handling. Attendees can expect to develop their understanding around the recent changes to the law concerning damages for late payment and what change this may have on claims handling.

Andrew explained that the Enterprise Act 2016 introduced damages for late payment of insurance claims. In this lecture Andrew Wales QC considered the changes to the law and whether it is business as usual or do claims handling procedures need to be rewritten?

Andrew also considered where damages for late payment may be awarded and the resultant issues that may arise.

By the end of this lecture members would have gained an insight into:

• The changes to the law concerning damages for late payment
• The impact on claims handling procedures and some practical issues that may arise
• Whether carriers need to consider their reserving philosophies

Speakers Bio:
Andrew Wales is well known for insurance and reinsurance, energy, shipping and professional negligence. His practice regularly involves issues of jurisdiction and conflict of laws. He regularly appears in the High Court and in arbitration and has also appeared several times in the Privy Council.

Chair:
Gabrielle Folliard, Head of Specialty and Financial Lines Claims, Markel International.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• Attendance confirmations are non-transferable to any other person or lecture
• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

Please let us know what we can do to make our events fully accessible to you.

Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.

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