UK insurance law biased towards insurers
Over 35% of companies in the global insurance market has admitted that there is a bias towards insurers, rather than insured parties, in UK insurance law, accoridng to research. A survey of more than 40 companies in the global insurance market highlights that more than a third (35%) of them believe there is an actual bias towards insurers, rather than insured parties, in UK insurance law.
The study by International law firm Davies Arnold Cooper (DAC) canvassed the opinion of more than 40 companies in the global insurance market, including insurance companies, brokers and reinsurers with a combined total of over £30bn in annual revenues.
The survey’s main finding echoes the common international industry perspective that UK insurance law favours the insurer. Whilst 35% of respondents believed there is an actual bias, 60% also believed that there is a perceived bias in the law, by
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