In just a few weeks’ time amendments to the Enterprise Act 2016 become part of UK law and for policies incepting or renewing after 4th May this means that the sums due when a claim is made must be paid within a reasonable period. In preparation for this legislative change Damian Glynn from Vericlaim UK and Toby Rogers from Clyde & Co shared their views at a breakfast briefing attended by representatives from the market.
For a summary of the key aspects of the changes that you will need to consider please click here.