The Enterprise Act 2016 - Damages for Late Payment of Claims

>> Event Overview

The key provision of The Enterprise Act 2016 ended the position under Sprung v Royal Insurance [1997], which held that an insurer could not be liable in damages, even for deliberate late payment of claims and an insured’s redress for late payment was limited to the additional payment of interest.

Our presenter will be Philip Adamis who presented on the Insurance Act for us in a well received event in November 2016. During this event he will look at The Enterprise Act with regard to late payment of insurance claims.

>> Learning Objectives

By attending this event participants will understand:

•How the Act has changed the common law position with regard to the awarding of damages for late payment.

•The basis upon which Insured’s may now claim damages for late payment of insurance claims.

•What defences may be available to insurers to defeat such claims.

•The impact the Act will have on claims handling, both for insurers and their service providers such as loss adjusters and lawyers.

>> More about our speaker

Philip Adamis has spent 30 years working in the insurance industry in various roles including insurer, loss adjuster and now as an insurance solicitor. Philip, who is a Partner in BLM's London Property Team, has a varied insurance practice and he regularly advises insurers on high value and complex policy coverage disputes, subrogated recovery claims and property related defendant public and product liability claims. Philip, who passed his ACII and ACILA qualifications many years ago, qualified as a solicitor in 2007.

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