Law-Now
21 Mar 2022 ·
International
First decision on insurers’ liability for damages for late payment
1 min read
The case of Quadra Commodities S.A v XL Insurance Co SE and Others is the first reported case that considers section 13A of the Insurance Act 2015 and insurers’ liability to pay damages for not paying a claim within a reasonable time. The court found the insured...
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