International Coverage – Global Capability

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  • First Days of Insurance Act 2015 – Discount Frenzy?

    First Days of Insurance Act 2015 – Discount Frenzy?

    August 19, 2016

    First Days of Insurance Act 2015 – Discount Frenzy? The Insurance Act 2015 (IA2015) came into force on 12 August 2016.  What’s in store? The old law was that if an insurer could prove a material misrepresentation/non-disclosure, their remedy was that they could ‘avoid’ the whole policy – that is, treat it as if it … Read More

  • First Days of Insurance Act 2015 – Take a Break

    First Days of Insurance Act 2015 – Take a Break

    August 18, 2016

    First Days of Insurance Act 2015 – Take a Break The Insurance Act 2015 (IA2015) came into force on 12 August 2016.  What’s in store? There is a new rule about warranties.  In summary, the new rule is that a breach of warranty suspends the insurance.  If a breach of warranty occurs, the insurance is … Read More

  • First Days of Insurance Act 2015 – Abracadabra!

    First Days of Insurance Act 2015 – Abracadabra!

    August 17, 2016

    First Days of Insurance Act 2015 – Abracadabra! The Insurance Act 2015 (IA2015) came into force on 12 August 2016.  What’s in store? If there is a ‘basis of contract’ clause in the placing form or the policy, it can no longer – abracadabra! – turn all the representations made at placing into warranties.  There … Read More

  • First Days of Insurance Act 2015 – Is it Material?

    First Days of Insurance Act 2015 – Is it Material?

    August 16, 2016

    First Days of Insurance Act 2015 – Is it Material? The Insurance Act 2015 (IA2015) came into force on 12 August 2016.  What’s in store? The test of what is “material” is similar to old one.  Briefly, the question is whether the information would influence the prudent insurer in deciding whether to take the risk … Read More

  • Just a White Lie?

    Just a White Lie?

    August 16, 2016

    The decision in Versloot Dredging BV v HDI Gerling Industrie Versicherung AG [2016] may come as a surprise to many in the insurance industry.  A majority in the Supreme Court have held that a false statement told by an insured to improve or embellish the surrounding facts of an otherwise genuine claim does not amount … Read More