The Insurance Act 2015 represents the first major reform of English commercial insurance law for many years. Its impact will be felt not only in England, where it will greatly affect both maritime and commercial insurance practice, but also elsewhere where English law is the law of choice in insurance contracts.
Timed to coincide with the coming into force of the Act, The Insurance Act 2015: A New Regime for Commercial and Marine Insurance Law analyses in depth the key aspects of the Act and extensively restates and modifies a number of legal principles applying both at common law and under the Marine Insurance Act 1906. Offering much more than the usual commentary on legislation, this book provides critical in-depth analysis of the important topics as was all coverage of areas likely to spawn disputes in future.
Written by leading practitioners and academics in the field, this book offers comprehensive, coherent and practical legal analysis of the changes introduced by the Insurance Act 2015. The Insurance Act 2015: A New Regime for Commercial and Marine Insurance Law will be of interest to practitioners, insurance professionals and academics
We seem to be living at a time when insurance is strained to the breaking point. From hurricanes and earthquakes to terrorist attacks and threats of nuclear devastation, enormous risks to life and property; and accompanying liabilities; proliferate on an unprecedented scale. Insurer insolvency is not yet common, but it is not unusual either. And at the root of such failures often lies the compound failure of uncollectable reinsurance. This important book proposes that a significant part of the emerging insurance crisis results from inadequate regulation of reinsurance.
In a detailed and cogent analysis of what an effective regulatory regime for reinsurance must entail, the author examines such factors as the following:
The author's concluding chapter presents an essential legal infrastructure that allows for efficiency, security, and individual market characteristics. Professor Wang then applies this framework to the Taiwanese insurance market, demonstrating convincingly how his proposed regime can solve specific problems while respecting Taiwan's distinct market environment. As a meticulously considered appraisal of, and solution to, a world problem that is growing quickly and uncontrollably, Reinsurance Regulation will be of immense value to lawyers, professors, academics, and officials who deal with any facet of economic law.
The private international law rules for insurance contracts in the European Insurance Directives are of great importance for every lawyer involved in international business. These provisions become relevant whenever one is dealing with insurance products in a European context. These rules which apply to insurance contracts covering risks situated in the territories of the Member States of the European Community have currently been implemented by all the Member States of the European Union. The purpose of this book is to analyse the implementation rules of these choice of laws provisions in all the member States of the European Union. This Volume concentrates on seven major States such as Belgium, France, Germany, Italy, the Netherlands, Spain and the United Kingdom. Seven expert reports give an overview of the current state of the law. Insights are given into national practice and theoretical aspects are not neglected. This work is a unique collection which both scholars and practitioners willfind to be an invaluable source of reference in order to understand the complicated issues arising where cross border transactions occur in the field of insurance. Contributors: Dr. N. Auclair, University of Paris XI, France; Professor P. Blanco Morales Limones, University of Extremadura, Spain; Professor B. Dubuisson, Universite Catholique de Louvain, Belgium; Professor M. Frigessi di Rattalma, University of Brescia, Italy; Professor Burkhard Heβ , University of Tubingen, Germany; Dr. Torsten Hub, University of Tubingen, Germany; Dr. M. Koppenol-Laforce, Erasmus University, The Netherlands; Dr. I. MacNeil, University of Aberdeen, United Kingdom; Dr. F. Seatzu, University of Cagliari, Italy
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