Consumer Insurance Act 2012 could result in increased number of claims to be paid
The implications of the Consumer Insurance (Disclosure and Representation) Act 2012 could be massive for brokers and insurers when the Act comes into effect next year, lawyers have warned.
Insurance Times spoke to two legal experts about the Act and the potential stem of complaints brokers could face from insurers as a result of the increased number of claims expected to be paid under the new rules which will be implemented in March 2013.
CMS Cameron McKenna Insurance Sector Group head Stephen Netherway warned that the Consumer Insurance Act could increase the risk burden on brokers as well as damage relationships with insurers when it comes into force.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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