The insurance reforms story is not all positive

It was surprising last week to hear views on the contents of the paper being given so quickly after its release, given the amount of detail involved in the paper and the depth that the impact of the Law Commission’s suggestions could have. Amongst those early views it’s clear that some people in the industry are convinced that the Law Commission's ideas are all positive.  Their suggestions include a ‘non-contestability’ period being introduced which means  after a set period of time into the product’s term (3-5 years), in the event of a claim after that period and in the event of non-dis...