Lunchtime Lecture: Claims against Insurers for Late Payment: Enterprise Act 2016 - are you ready?

Speaker Profile:

Presented by Sarah Trendell-Smyth (Principal Associate) and Kelly Barnett (Senior Associate) at Mills & Reeve LLP, who both appreciate the scale of the impact that the Enterprise Act 2016 could have on the insurance industry.

Sarah is a professional indemnity lawyer with more than 20 years’ experience of acting for brokers, loss adjusters , solicitors, and their Insurers in defence of claims made against them.

Kelly specialises in defending professional negligence claims made against solicitors, construction professionals and loss adjusters, as well as providing policy coverage advice, and recently completed an 11 month secondment to a large insurance broker, handling claims as a third party agent for insurers.

Overview:

The dawn of the Enterprise Act 2016 opens the door for policy holders to claim damages from their insurers where payment of their claims has been unreasonably delayed. This term will be implied into insurance policies incepted and renewed after 4 May 2017.

We will discuss the implications of this new legislation for insurers, loss adjusters, brokers and claims teams across the insurance industry.

Learning Objectives: Our seminar will

• Provide an overview and consider the implications of key aspects of the Act – how and when will a claim against insurers arise?
• Identify types of claims/policies where the issues thrown up by the Act are most likely to arise.
• Discuss what you can do in terms of your practice, procedure, and systems to mitigate the potential for unreasonable delays.
• Look at the issues insurers/claims handlers/brokers need to be reviewing, ahead of the Act coming into force.
• Discuss the feasibility of contracting out/limiting liability.
• Consider the defences to damages for late payment claims when they arise.

Time: 12.30pm Buffet lunch; 1pm Lecture; 2pm Finish

Access is available through Pub du Vin entrance in Edmund St for people with mobility needs.

Lectures are provided free of charge to CII/PFS members. A £15.00 charge is made for non-members attending the lecture payable at the time of booking (Please note: If payment is not made at the time of booking online, kindly advise in the special requirements box your method of payment, e.g. cheque to follow in post).

Proof of membership is required; kindly ensure you bring along your CII/PFS PIN for registration.

If this event becomes fully booked, please email birminghaminstitute@cii.co.uk to be added to our reserves list.