header-logo header-logo

Cutting out the middleman

10 June 2016 / Cathrine Grubb
Issue: 7702 / Categories: Features , Insurance / reinsurance
printer mail-detail
nlj_7702_grubb

Cathrine Grubb examines the impact of the coming into force of the Third Parties (Rights Against Insurers) Act 2010

Since the coming into force of the Third Parties (Rights Against Insurers) Act 1930 (TP(RAI)A 1930), those who have suffered loss at the hands of an insured person who becomes bankrupt/insolvent have been able to enforce their rights against the insurer. However, a potential third party claimant is unable to enforce such rights until first establishing liability against the insured. Generally, this would mean issuing proceedings against the insured, which in the case of a dissolved company would also require an application to restore it to the Companies Register under s 1029 of the Companies Act 2006 (CA 2006).

The only current exception to the inability to sue the insurer directly, are claims brought under para 2 of the European Communities (Rights Against Insurers) Regulations 2002 (SI 2002/3061). Paragraph 2 applies to most cases arising out of a road traffic accident on a public road in the UK, for which there is a relevant insurance

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

CBI South-East Council—Mike Wilson

CBI South-East Council—Mike Wilson

Blake Morgan managing partner appointed chair of CBI South-East Council

Birketts—Phillippa O’Neill

Birketts—Phillippa O’Neill

Commercial dispute resolution team welcomes partner in Cambridge

Charles Russell Speechlys—Matthew Griffin

Charles Russell Speechlys—Matthew Griffin

Firm strengthens international funds capability with senior hire

NEWS
The proposed £11bn redress scheme following the Supreme Court’s motor finance rulings is analysed in this week’s NLJ by Fred Philpott of Gough Square Chambers
In this week's issue, Stephen Gold, NLJ columnist and former district judge, surveys another eclectic fortnight in procedure. With humour and humanity, he reminds readers that beneath the procedural dust, the law still changes lives
Generative AI isn’t the villain of the courtroom—it’s the misunderstanding of it that’s dangerous, argues Dr Alan Ma of Birmingham City University and the Birmingham Law Society in this week's NLJ
James Naylor of Naylor Solicitors dissects the government’s plan to outlaw upward-only rent review (UORR) clauses in new commercial leases under Schedule 31 of the English Devolution and Community Empowerment Bill, in this week's NLJ. The reform, he explains, marks a seismic shift in landlord-tenant power dynamics: rents will no longer rise inexorably, and tenants gain statutory caps and procedural rights
Writing in NLJ this week, James Harrison and Jenna Coad of Penningtons Manches Cooper chart the Privy Council’s demolition of the long-standing ‘shareholder rule’ in Jardine Strategic v Oasis Investments
back-to-top-scroll