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European Commission to propose additional contract law in October

European commissioner for justice fundamental rights and citizenship Viviane Reding

European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.

The European Commission is preparing a legislative proposal for an optional European contract law to be presented in October, as it believes differences in contract law may hinder cross-border trade

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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