Tuesday, May 30, 2006
It's been exactly 100 years since the last major codification of British insurance contract law, the Marine Insurance Act of 1906. The Law Commission has decided that it's time to reexamine things. It's starting with nondisclosure and breach of warranty, but it's inviting comments on 17 other topics that might warrant legislative action. Tim Hardy and Mark Aris of London's Barlow Lyde & Gilbert provide a rundown in Insurance Contract Law Reform And The Perils Of Inertia.