In-depth - commercial lines: Acting on legislation
Several new pieces of legislation affecting the insurance industry have recently come into force. If brokers are prepared, they can really prove their worth
There have been big changes to insurance law this year, all of which impact commercial insurance brokers.
Three key pieces of legislation have come to the fore: the Insurance Act, the Enterprise Act and the Third Parties (Rights Against Insurers) Act.
Insurance law specialists have seen an increase in enquiries from brokers about the three acts. Stephen Netherway, partner and head of FIS Insurance Sector Group at legal firm CMS, advises that “all of the large broking houses have been in touch
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