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Subcontractor required to provide own insurance held not entitled to project insurance (UK)

06 April 2018

Where project-wide cover was taken out for a construction contract for extensions to a school but the roofing contractor was obliged to take out its own insurance, it was held that the roofing contractor who caused a fire and a loss of £8.75 million was not entitled to the benefit of the project-wide insurance.

Financial Sector Regulation Act in force from 1 April 2018

04 April 2018

Most sections of the Financial Sector Regulation Act 2017 were brought into force from 1 April 2018. This step was anticipated as the first step towards the commencement of the new Insurance Act on 1 July 2018.

Short-term Insurance Act 1998: Proposed amendments to the regulations made under section 70 affecting premium collection

27 March 2018

The National Treasury has published draft regulations for comment by 23 April 2018 regarding the collection of premiums by intermediaries (short-term and long-term premiums).

No cover for racing school accident even though exclusion not read by insured (US)

14 March 2018

Where a motor policy excluded coverage ‘for any vehicle located inside a racing facility for the purpose of … or participating in any driving school, driver training or skills training’ the court refused the insured an indemnity to cover a crash at a motor racecourse skills-training event. The insured crashed while he was instructing a passenger at a driving workshop.

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