Enterprise Act 2016: Best Practice in Claims Handling from U.S. and UK Perspectives
Teresa presented "Enterprise Act 2016: Best Practice in Claims Handling from U.S. and UK Perspectives," during a co-hosted seminar with Ince & Co.
When the Enterprise Act 2016 comes into effect next year, insurers and reinsurers may be liable for consequential damages if claims are not paid within a “reasonable time.” Topics will include:
- What lessons can be learned from the US experience of bad faith claims
- What insights does US law give us as to what constitutes unreasonable behavior in claims management
- What measures can claims professionals take to ensure they are not found to have acted unreasonable in England
- What might be the impact of the new Enterprise Act measures on the lead/follow relationship and reinsurance