Blog: Enterprise Act - how other jurisdictions have dealt with late payments
The absence of a right to damages for late payment of claims in English law was based upon a legal fiction that the insurer's obligation is to hold the policyholder harmless against the insured peril, and any recovery under the policy constitutes damages for breach of that duty
So, with the passing of the Enterprise Act, which received royal assent on 4 May, it is no surprise that the move has been welcomed by policyholders as an important reform in the claims handling
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