Tightening the payout rules for business insurance – Law Commission

Posted September 18th, 2015 in bills, damages, delay, insurance, Law Commission, press releases by tracey

‘Businesses can suffer serious loss if insurance companies delay paying claims. But under Law Commission reforms introduced into Parliament today, insurers would be obliged to make prompt payment or face a claim for damages.’

Full press release

Law Commission, 16th September 2015

Source: www.justice.gov.uk/lawcommission