To Boldly Go

To boldly go: insurance policies governed by UK law and made or varied on after 4 May 2017 may now include an implied term that insurers must pay within a reasonable time. Section 13A of the Insurance Act 2015 creates a brand-new action for damages with new hurdles and the familiar ones intact. This article looks at the impact this may have on claims management to reflect this new challenge from an insurer's perspective.

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