‘You may not have picked up on it, but the recent change to The Insurance Act 2015 is the most significant update to commercial insurance law in the last 100 years, overhauling principles originally laid down by the Marine Insurance Act 1906. The consequences are far-reaching and mean that it is not just your regulator that is interested in ensuring you have adequate risk management in place. Whilst insurers tell us the intention of the new Act is to create a more balanced relationship between insurer and customer, it seems to be a potential landmine for law firms.’
Legal Futures, 26th August 2016
Source: www.legalfutures.co.uk
