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UK Insurance coverage Laws And Regulation To Watch In 2020 – jj

UK Insurance coverage Laws And Regulation To Watch In 2020


Law360, London (January 1, 2020, 12:03 PM GMT) — The U.K. insurance industry is braced for some potentially seismic regulatory shifts in 2020, including a new Civil Liability Act, a government ruling on pricing practices and a pivotal court case on uninsured vehicles on private land that could trigger thousands of copycat claims.

Insurance lawyers also say the changes to the way cross-border insurance claims work could mean that Brexit will throw up potential compensation challenges for car crash victims or those seeking medical treatment.

The collapse of a string of unrated insurers could force the Financial Conduct Authority to change how the government’s compensation scheme is funded by insurance…

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